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TAKKT (TTK) investor relations material
TAKKT Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic focus on core business and large customers, with leadership changes and streamlined structures to improve flexibility and customer proximity.
Commercial initiatives, brand revitalization, and omnichannel efforts are yielding positive results in key accounts despite weak markets.
Cost structure improvements, job cuts, and cash generation measures progressed, resulting in positive free cash flow in Q3.
CEO assumed direct responsibility for the I&P division to accelerate transformation.
Financial highlights
Q3 2025 group sales were €244.5 million, down 9.1% year-over-year; 9M 2025 sales were €736.3 million, down 7.8%.
Adjusted EBITDA margin was 4.3% in Q3 and 9M 2025, down from 9% and 7.7% prior year, respectively.
Gross profit margin declined to 37.9% in Q3 and 39.0% for 9M 2025, impacted by tariffs and freight costs.
Free cash flow turned positive at €7.6 million in Q3, offsetting earlier outflows; 9M free cash flow was -€1.7 million.
Net financial liabilities increased to €153.5 million, mainly due to dividend payments.
Outlook and guidance
Organic growth for the full year expected between -8% and -4%, with Q4 run rate similar to Q3.
Adjusted EBITDA margin forecasted at the lower end of the 4%-6% range; profitability may dip just below 4% for the full year.
Free cash flow for the year projected between €10 million and €20 million.
Significant one-time costs of around €10 million to €17.1 million expected in Q4 for structural improvements.
Increased impairment risk due to lower sales and earnings.
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