TAKKT (TTK) Q3 2026 earnings summary

Executive summary

• 9M organic sales declined 5.1%; Q3 organic sales fell 4.3%, virtually unchanged from Q2, while gross margin remained slightly above prior year.

• A cyberattack discovered Oct. 19 was contained, but recovery restrictions continue to constrain order processing, deliveries and invoicing.

• Cyber disruption creates significant downside risk to Q4 sales, earnings and cash flow; recovery pace and delayed-order conversion are pivotal.

Financial highlights

• Q3 sales were €231.8m, down 5.2% reported and 4.3% organically; 9M sales were €685.6m, down 6.9% reported and 5.1% organically.

• Q3 EBITDA was €5.6m versus €10.5m; 9M EBITDA was €14.5m versus €27.3m. Adjusted EBITDA margins were 3.0% and 3.2%, respectively, versus 4.3% in each prior-year period.

• 9M gross margin was 39.2% versus 39.0%; cost-base savings partly offset lower sales, while one-time expenses totaled €7.3m.

• 9M EBIT was -€23.7m versus €4.4m; net income was -€28.3m versus -€0.2m, and EPS was -€0.44 versus €0.00.

Outlook and guidance

• FY 2026 guidance remains organic sales growth of -7% to +3% and adjusted EBITDA margin of 2% to 5%; cyber disruption raises the risk of results at the low end or below.

• The attack is expected to weigh noticeably on Q4 sales, earnings and cash flow; its total financial impact is not yet reliably quantifiable.

• Negative FY free cash flow risk has increased; recovery speed and net working capital reduction are key to Q4 cash generation.

• Management expects gradual rather than sharp market improvement in 2027.