Takkt AG (XTER:TTK)
€ 13.88 0.4 (2.97%) Market Cap: 899.25 Mil Enterprise Value: 1.01 Bil PE Ratio: 55.58 PB Ratio: 1.33 GF Score: 71/100
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Q1 2023 Takkt AG Earnings Call Transcript

Apr 27, 2023 / 12:00PM GMT
Release Date Price: €14.64 (+5.02%)
Operator

Ladies and gentlemen, welcome, and thank you for joining TAKKT's earnings call for the first quarter of 2023. (Operator Instructions)

I would now like to turn the conference over to Maria Zesch. Please go ahead.

Maria Zesch
TAKKT AG - CEO & Chairman of the Management Board

Welcome to our earnings call for the first quarter 2023. I'm here together with Lars Bolscho, our CFO. And I will start the call with an overview about the main developments and the key topics. Lars will then give you more insights into our financials. And before the Q&A, I will provide an update on what we are currently seeing and what we expect from the rest of the year.

So let me start with an overall summary. And overall, the development in the first 3 months was very much in line with our expectations. The weaker economy in our markets was already visible in Q4, and that has continued now in Q1. Sales decreased by 2% year-on-year, considering currency adjustments, the group declined 3% compared to prior year.

First quarter '22 was still a very good

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