Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Takkt AG is a leading listed business-to-business omnichannel distributor specializing in business equipment, headquartered in Stuttgart, Germany. The company operates through three focused divisions: Industrial & Packaging, primarily serving Europe with products like pallet lifting trucks, collapsible boxes, shipping pallets, and packaging materials for manufacturing and logistics; Office Furniture & Displays, targeting North America with office and home workspace solutions such as swivel chairs and computer cabinets; and FoodService, providing equipment for food preparation, presentation, and service in hotels, restaurants, and catering. With roots tracing back to 1945 through its predecessor Kaiser+Kraft, Takkt AG has evolved into a major player represented in over 25 countries, offering more than 700,000 durable, price-stable items via e-commerce, print marketing, and key account management. In 2022, it generated 1,337 million euros in revenue with approximately 2,437 employees, emphasizing growth, integration, and sustainability under strategies like TAKKT Forward and strategic pillars of Focus, Growth, and Performance. Franz Haniel & Cie. holds the largest stake at 65%. Takkt AG plays a key role in equipping corporate work environments across industries, adapting to trends like digitalization and new work models.
The business is unprofitable at the operating level (-1.32% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.4% YoY. Margins deteriorated 3.5pp alongside, both lines moving the wrong way.
Free cash flow declined 73% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.60% to -1.71%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€938M
▼ -8.4% YoY
Net Income (TTM)
-€127M
▼ -191.2% YoY
Op. Margin
-2.03%
▼ -3.5pp YoY
ROIC
-1.71%
▼ -4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€16M
▼ -73.3% YoY
Op. Cash Flow (TTM)
€20M
▼ -71.1% YoY
Net Debt
€131M
Cash & Equiv.
€18M
3Y CAGR: -10.3%
3Y CAGR: -32.1%
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