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Deutsche Boerse Aktie

PRESS RELEASE: TAKKT Group feels effects of economic crisis in 2009 Takkt AG / TAKKT Group feels effects of economic crisis in 2009 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. Even in recession double-digit operational margin Stuttgart, Germany, 18 February 2010. In 2009, TAKKT Group experienced the sharpest drop in turnover in the group's history. "Although the turnover decline slowed down in the second half of the year, the global financial and economic crisis had the anticipated major effect on our business figures. However, the first few weeks of the current year give us reasons to be cautiously optimistic," said TAKKT's CEO, Dr Felix A. Zimmermann. Key facts for 2009 * Turnover down 21.5 percent * Gross profit margin increased to 42.0 percent against the trend * EBITDA margin remains double-digit excluding one-off expenditure for FOCUS * Cash flow margin reaches 7.7 percent * FOCUS and GROWTH programmes deliver immediate results "The preliminary figures confirm largely our expectations for the financial year, which we announced in October. Looking back at the three possible scenarios projected at the beginning of 2009, the actual fall in turnover corresponded to the worst-case scenario. It is all the more favourable that we performed better with regards to the operational margin predicted for this situation," Zimmermann commented. "We quickly reacted to the difficult economic conditions with our FOCUS and GROWTH programmes." The TAKKT Management Board is pleased with the implementation of the projects to date, which are geared towards both structural and capacity-related adjustments (FOCUS) and growth initiatives (GROWTH). In the financial year 2009, TAKKT Group generated turnover of EUR 731.5 (932.1) million. This corresponds to a 21.5 percent decline on the previous y... Weiter