TAKKT (TTK) investor relations material

Executive summary

• Organic sales declined 5.4% year-over-year in H1 2026, with stabilization and improved trends in Q2, supported by strategic portfolio streamlining and cost management.

• Adjusted EBITDA margin for H1 2026 was 3.3%, with Q2 at 4.1%, reflecting effective cost actions despite lower sales and higher one-time expenses.

• Free cash flow for H1 2026 was negative at EUR -9.2 million, but Q2 turned slightly positive; full-year positive free cash flow is targeted.

• Portfolio simplification advanced with the sale of XXLhoreca and withdrawal from low-margin businesses, sharpening focus on core activities.

• Guidance for the year was confirmed, anticipating further stabilization and improvement in H2 2026.

Financial highlights

• H1 2026 sales: EUR 453.8 million, down 7.7% year-over-year; Q2 sales: EUR 228.1 million, down 4.1% organically.

• Gross profit margin stable at 39.6% for H1 2026.

• Adjusted EBITDA margin: 3.3% for H1 2026 (4.1% in Q2); EBITDA for H1: EUR 9.0 million.

• Free cash flow for H1 2026: EUR -9.2 million, nearly unchanged from prior year.

• Equity ratio at 49.5% as of June 30, 2026; net financial liabilities at EUR 133.9 million.

Outlook and guidance

• Organic sales development for 2026 expected between -7% and +3%; adjusted EBITDA margin guidance set at 2% to 5%.

• Gross margin for the full year anticipated between 38% and 41%.

• One-time costs for the year expected to remain slightly below EUR 10 million.

• Positive free cash flow targeted for the full year, with significant contribution in Q4 due to seasonality.

• Gradual improvement in organic sales and profitability anticipated in H2 2026.