TAKKT (TTK.DE) announced that it expects its annual impairment tests to result in a goodwill impairment charge of approximately 125 million euros. The charge will affect the cash-generating units Cenbert (FoodService Division), as well as Displays2go and National Business Furniture (both part of the Office Furniture & Displays Division). The adjustment reflects lower planning expectations due to the ongoing difficult and volatile market environment in the US, particularly influenced by tariff disputes.
While the impairments are non-cash in nature, they will significantly impact earnings per share. Following the adjustments, TAKKT's equity ratio is projected to remain within the middle of its target range of 30 to 60 percent. Importantly, the company's forecast for sales, EBITDA, and cash flow development for the current fiscal year remains unchanged.
In light of current planning assumptions, TAKKT has also decided to revise its dividend policy. The previous policy provided for a base dividend of 0.60 euros per share. A new policy will be discussed and determined by the Management Board and Supervisory Board at the beginning of next year. It is expected that the revised policy will set a payout below current market expectations, with analysts' consensus currently at 0.35 euros per share.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.