Nine Months 2019 Takkt AG Earnings Call Transcript

Oct 24, 2019 / 12:00PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to the earnings call for the results of Q3 2019 of TAKKT AG, hosted by CEO, Felix Zimmermann; and COO (sic) [CFO], Claude Tomaszewski. (Operator Instructions)

Let me now turn the floor over to your host, Felix Zimmermann.

Felix A. Zimmermann - TAKKT AG - Chairman of the Management Board & CEO

Yes, thank you very much for that brief introduction and also a warm welcome from our side here from TAKKT in Stuttgart and to our earnings call about the Q3 numbers 2019. And I think it's fair to say that we have had overall, the first 9 months, a pretty good run with reported sales of plus 5.1% and EBITDA margin of 12.8% in comparison to 12.6% last year.

So the cumulated picture looks pretty good. But on the other hand, we need to be fair and have to look a little bit deeper into the Q3 to see what's going on right now in our markets.

And if you look at the Q3 as stand-alone quarter, you realize that the market environment in Europe continued to become more challenging, especially the

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