Nine Months 2019 Takkt AG Earnings Call Transcript
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.
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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