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Tarkett SA (TKTT.PA)

TKTT.PA on Paris Stock Exchange

13.27EUR
23 Aug 2019
Change (% chg)

€-0.33 (-2.43%)
Prev Close
€13.60
Open
€13.37
Day's High
€13.68
Day's Low
€13.27
Volume
94,220
Avg. Vol
88,484
52-wk High
€25.98
52-wk Low
€12.62

Latest Key Developments (Source: Significant Developments)

Tarkett H1 Adjusted EBITDA Drops To 111.8 Million Euros
Tuesday, 23 Jul 2019 

July 23 (Reuters) - TARKETT SA ::H1 NET PROFIT ATTRIBUTABLE TO OWNERS OF COMPANY EUR 7.7 MILLION VERSUS EUR 28.7 MILLION YEAR AGO.H1 ADJUSTED EBITDA EUR 111.8 MILLION VERSUS EUR 116.1 MILLION YEAR AGO.GROUP'S FOCUS REMAINS ON IMPROVING PROFITABILITY AND DELEVERAGING FOR FULL YEAR 2019.H1 ADJUSTED EBITDA EUR NET DEBT AMOUNTED TO EUR 715.8 MILLION BEFORE IFRS 16 APPLICATION AT END OF JUNE, DOWN EUR 37.9MILLION COMPARED TO END DECEMBER 2018 MILLION VERSUS EUR 116.1 MILLION YEAR AGO.SCRIP DIVIDEND OPTION WAS A SUCCESS AND MET 80% OF TAKE UP. THIS WILL ALLOW GROUP TO SAVE EUR 31 MILLION OF CASH-OUT IN H2 2019 COMPARED TO LAST YEAR.H1 NET SALES EUR 1.41 BILLION VERSUS EUR 1.32 BILLION YEAR AGO.RESTRUCTURING MEASURES ANNOUNCED IN H1 WILL START DELIVERING IN H2 2019.GROUP'S OBJECTIVE IS TO IMPROVE ITS NET DEBT TO ADJUSTED EBITDA RATIO (BEFORE IFRS 16 APPLICATION) AT END DECEMBER 2019 COMPARED TO ITS LEVERAGE AT END DECEMBER 2018.  Full Article

Tarkett Targets Adjusted EBITDA Margin Above 11% In 2022
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Tarkett SA ::PRESENTS THE “CHANGE TO WIN” STRATEGIC PLAN.AIMS TO DELIVER €120 MILLION OF SAVINGS OVER 2019-2022.AIMS AT GROWING ABOVE THE GDP IN EACH KEY REGION (NORTH AMERICA, EUROPE AND CIS), IN AVERAGE BETWEEN 2019 AND 2022.AIMS AT REACHING AN ADJUSTED EBITDA MARGIN ABOVE 11% IN 2022 (BEFORE IFRS16 APPLICATION).SET DIVIDEND LEVEL WITHIN A PAY-OUT RANGE OF 30% TO 50% OF REPORTED NET INCOME, SUBJECT TO LEVERAGE AND M&A.PLANS TO OPERATE WITHIN A RANGE OF 1.5X TO 2.5X ADJUSTED EBITDA AT THE END OF EACH YEAR OVER THE PERIOD.PLANS FURTHER INVESTMENT IN PRODUCTIVITY, AUTOMATION AND DIGITAL.  Full Article

Tarkett Q1 Adjusted EBITDA Up At 36 Million Euros
Wednesday, 24 Apr 2019 

April 24 (Reuters) - TARKETT SA ::Q1 2019 ADJUSTED EBITDA BEFORE IFRS 16 AT EUR 36 MILLION OR 5.7% OF REVENUES, UP 20% WITH 50 BPS MARGIN IMPROVEMENT VERSUS Q1 2018.CONFIRMS THAT ITS BUSINESS ENVIRONMENT HAS NOT CHANGED SINCE FEBRUARY 2019 AND THE OVERALL MARKET CONDITIONS ARE MORE DIFFICULT THAN IN 2018.Q1 NET REVENUES AT EUR 625 MILLION, UP 10.0% AT CURRENT EXCHANGE RATES VERSUS Q1 2018.NOW EXPECTS AN ADVERSE IMPACT COMPRISED BETWEEN €15 MILLION AND €20 MILLION IN 2019 (VERSUS €15 MILLION EXPECTED PREVIOUSLY).GROUP'S 2019 FOCUS ON SUSTAINABLE PROFITABILITY IMPROVEMENT AND DELEVERAGING.  Full Article

Tarkett Announces Changes In Its Executive Management Committee
Thursday, 14 Mar 2019 

March 14 (Reuters) - TARKETT SA ::TARKETT ANNOUNCES CHANGES IN ITS EXECUTIVE MANAGEMENT COMMITTEE.APPOINTMENT OF JEFF FENWICK AS INTERIM PRESIDENT & CEO OF TARKETT NORTH AMERICA.  Full Article

Tarkett And Sonae Arauco Announce The Closing Of Laminatepark Plant
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - TARKETT SA ::REG-TARKETT AND SONAE ARAUCO ANNOUNCED THE INTENTION TO CLOSE LAMINATEPARK PLANT IN GERMANY.CLOSING OF EIWEILER PLANT IN GERMANY EXPECTED BY END OF 2019.  Full Article

Tarkett FY Adj. EBITDA Down At EUR ‍​248.7 Million
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - TARKETT SA ::FY REVENUE EUR ‍​2.84 BILLION VERSUS EUR 2.84 BILLION YEAR AGO.FY ADJUSTED EBITDA EUR ‍​248.7 MILLION VERSUS EUR 315.1 MILLION YEAR AGO.FY NET PROFIT GROUP SHARE EUR 49.3‍​ MILLION VERSUS LOSS OF EUR 38.7 MILLION YEAR AGO.TO PROPOSE 2018 DIVIDEND AT EUR 0.60 PER SHARE.SEES IMPACT OF CURRENT RAW MATERIALS, ENERGY AND TRANSPORT PRICES AT ABOUT EUR 15 MILLION IN 2019, ESPECIALLY H1.TO CONTINUE INCREASING SELLING PRICES TO COMPENSATE INFLATION OVER THE YEAR.  Full Article

Tarkett Appoints Fabrice Barthelemy As Chief Executive Officer
Monday, 14 Jan 2019 

Jan 14 (Reuters) - TARKETT SA ::REG-TARKETT: FABRICE BARTHÉLEMY APPOINTED CHIEF EXECUTIVE OFFICER.  Full Article

Tarkett Appoints Fabrice Barthélemy As Interim Group CEO
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - TARKETT SA ::DECIDED TO APPOINT FABRICE BARTHÉLEMY AS INTERIM GROUP CEO,.FABRICE BARTHÉLEMY REPLACING GLEN MORRISON, AS OF 18(TH) OF SEPTEMBER 2018.GLEN MORRISON WILL ENSURE A TRANSITION PERIOD WITH FABRICE BARTHÉLEMY UNTIL 2(ND) OF OCTOBER 2018..  Full Article

Tarkett Q1 Adjusted EBITDA Down At 30 Million Euros
Tuesday, 24 Apr 2018 

April 24 (Reuters) - TARKETT SA ::Q1 SALES IN SLIGHT ORGANIC GROWTH OF 0.1%.Q1 ADJUSTED EBITDA DOWN TO €30 MILLION VERSUS €52 MILLION IN Q1 2017.NOTWITHSTANDING FLAT START TO YEAR, WE BELIEVE UNDERLYING LEVELS OF BUSINESS ACTIVITY ARE SOUND.MAINTAINS OBJECTIVE OF ACHIEVING ITS 2020 FINANCIAL TARGETS BY END OF PLAN.THOSE TARGETS WILL NOT YET BE ACHIEVED AT THE END OF 2018.WE HAVE ALREADY IMPLEMENTED COST REDUCTION MEASURES THAT WILL QUICKLY CONTRIBUTE TO MITIGATE SOME OF SHORTFALL OF Q1.ON ONGOING BASIS, WE ARE CONTINUING TO REVIEW OPERATING COST STRUCTURE.TO ADJUST SELLING PRICES IN RUSSIA.TO PURSUE EFFORTS ON SELLING PRICES IN OTHER REGIONS WITH GOAL OF COMPENSATING RAW MATERIAL COSTS FOR FY.REINFORCING GROWTH INITIATIVES TO GET BACK TO GROWTH OVER COURSE OF 2018, AT CONSTANT EXCHANGE RATES.Q1 LOWER SALES THAN EXPECTED IN EMEA (-4.6%) AND IN NORTH AMERICA (-1.6%) INCLUDING NEGATIVE CALENDAR EFFECTS.  Full Article

Tarkett Net Profit Increases To 126 Million Euros, Excluding French Competition Authority Penalty
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - TARKETT SA ::FY NET PROFIT UP +6.5% VERSUS. 2016 AT €126M (EXCLUDING THE FRENCH COMPETITION AUTHORITY’S PENALTY) (ADDS PERIOD)‍​.FY LEVERAGE RATIO (NET DEBT/ADJUSTED EBITDA) OF 1.6X (ADDS PERIOD)‍​.FY NET LOSS (NOT "NEGATIVE NET PROFIT") ATTRIBUTABLE TO OWNERS OF THE CO EUR ‍​39 MILLION VERSUS POSITIVE NET PROFIT EUR 118.6 MILLION YEAR AGO.REG-TARKETT :ROBUST ORGANIC GROWTH IN 2017 AT 4.8%. ADJUSTED EBITDA OF €315M DESPITE ADVERSE RAW MATERIAL PRICES AND CURRENCY EFFECTS.FY NET SALES UP 3.7% YEAR-ON-YEAR AT EUR 2,841M, ROBUST ORGANIC GROWTH OF 4.8%.A STABLE DIVIDEND OF EUR 0.60 PER SHARE WILL BE PROPOSED AT AGM.FY ADJUSTED EBITDA EUR 315.1‍​ MILLION VERSUS EUR 334.4 MILLION YEAR AGO.ANTICIPATE IN 2018 A NEGATIVE IMPACT FROM RAW MATERIALS OF SIMILAR MAGNITUDE TO THAT EXPERIENCED IN 2017.ERIC LA BONNARDIÈRE WILL BECOME CHAIRMAN OF THE SUPERVISORY BOARD.CAPITAL EXPENDITURES IN 2018 SHOULD BE AROUND 5% OF NET SALES.US TAX REFORMS WHICH CAME INTO EFFECT IN JANUARY 2018 WILL POSITIVELY IMPACT GROUP'S AFTER TAX EARNINGS.WILL CONTINUE TO ACTIVELY SEEK OUT OPPORTUNITIES FOR EXTERNAL GROWTH‍​.GOING FORWARD, WE ESTIMATE THAT GROUP'S EFFECTIVE TAX RATE SHOULD BE CIRCA 30%.ACHIEVEMENT OF PROFITABILITY & RETURN TARGETS (ADJUSTED EBITDA MARGIN > 12% AND ROIC > 9%) IS MORE CHALLENGING IN 2018.EXCLUDING €165M PENALTY TO THE FRENCH COMPETITION AUTHORITY, FY NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY WAS €126 MLN‍​.  Full Article

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April 25 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.