Edition:
United Kingdom

Tarkett SA (TKTT.PA)

TKTT.PA on Paris Stock Exchange

26.02EUR
23 Apr 2018
Change (% chg)

€-0.30 (-1.14%)
Prev Close
€26.32
Open
€26.26
Day's High
€26.26
Day's Low
€25.74
Volume
72,449
Avg. Vol
116,955
52-wk High
€44.99
52-wk Low
€25.62

Latest Key Developments (Source: Significant Developments)

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

Tarkett Acquires Assets Of Grassman
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - TARKETT SA ::REG-TARKETT, THROUGH ITS FIELDTURF SUBSIDIARY, ACQUIRES THE ASSETS OF GRASSMAN, A LEADING AUSTRALIAN SYNTHETIC TURF MANUFACTURER.  Full Article

Tarkett Appoints Andrew Bonham As President And CEO Of Tarkett North America
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - TARKETT SA ::REG-TARKETT : ANDREW BONHAM, APPOINTED AS PRESIDENT AND CEO OF TARKETT NORTH AMERICA.‍ANDREW WILL SUCCEED GLEN MORRISON​.‍APPOINTMENT EFFECTIVE MARCH 5, 2018.​.  Full Article

Tarkett Q3 adjusted EBITDA down at 101.1‍​ million euros
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - TARKETT SA ::Q3 ADJUSTED EBITDA EUR 101.1‍​ MILLION VERSUS EUR 119.2 MILLION YEAR AGO.Q3 NET SALES EUR ‍​823.5 MILLION VERSUS EUR 794.3 MILLION YEAR AGO.ANTICIPATES MODERATE REDUCTION IN FY 2017 ADJUSTED EBITDA FOR THE GROUP VERSUS LAST YEAR.CONFIRMS THE FINANCIAL TARGETS OF 2020 STRATEGIC PLAN.CONFIRMS THAT HIGHER RAW MATERIAL PRICES WILL WEIGH ON ADJUSTED EBITDA BY €30 MILLION TO €35 MILLION FOR FY.  Full Article

Tarkett takes note of French Competition Authority’s decision
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - TARKETT SA ::CO TAKES NOTE OF FRENCH COMPETITION AUTHORITY’S DECISION TO FINE SEVERAL MANUFACTURERS OF RESILIENT FLOOR COVERINGS OPERATING IN FRENCH MARKET.FINE DECIDED BY THE FRENCH COMPETITION AUTHORITY AMOUNTS TO €165 MILLION, WHICH EXCEEDS CO'S €150 MILLION PROVISION.GROUP WILL INCUR AN ADDITIONAL CHARGE OF €15 MILLION IN Q4‍​.PAYMENT OF TOTAL AMOUNT OF FINE TO BE EFFECTIVE BEFORE END-2017 OR EARLY 2018.EXCEPTIONAL CHARGE WILL LEAD TO TARKETT REPORTING A NEGATIVE NET INCOME FOR 2017‍​.‍EXCEPTIONAL CHARGE WILL NOT RESULT IN ANY CHANGES IN 2020 STRATEGIC PLAN'S FINANCIAL TARGETS OR IMPACT ABILITY TO MEET FINANCIAL COVENANTS​.EUR 165 MILLION FINE EXCEEDS EUR 150 MILLION PROVISION BOOKED IN CO ACCOUNTS AS OF JUNE 30.TARKETT IS CURRENTLY REVIEWING THE DECISION.​.  Full Article

Tarkett H1 net result group share swings to loss of 97.9‍​ million euros
Wednesday, 26 Jul 2017 

July 26 (Reuters) - TARKETT SA ::H1 ADJUSTED EBITDA EUR 160.3‍​ MILLION VERSUS EUR 151.4 MILLION YEAR AGO.H1 NET LOSS GROUP SHARE EUR 97.9‍​ MILLION VERSUS PROFIT EUR 45.2 MILLION YEAR AGO.H1 NET SALES EUR 1.36‍​ BILLION VERSUS EUR 1.30 BILLION YEAR AGO.SEES ADJUSTED EBITDA FOR FY 2017 BETWEEN € 25 MILLION AND € 35 MILLION (VERSUS € 10 MILLION TO € 20 MILLION PREVIOUSLY ESTIMATED).CONFIRMS FINANCIAL OBJECTIVES OF 2020 STRATEGIC PLAN.  Full Article

Tarkett H1 2017 organic growth reflects 3.0%
Wednesday, 26 Jul 2017 

July 26 (Reuters) - Tarkett SA ::REG-TARKETT: GOOD OPERATING RESULTS IN H1 2017: ORGANIC GROWTH AT 3.0% - ADJUSTED EBITDA MARGIN STABLE AT 11.8%.  Full Article

Tarkett books 150 million euro provision
Thursday, 20 Jul 2017 

July 20 (Reuters) - TARKETT SA ::AT THIS POINT OF PROCEDURE WITH FRENCH COMPETITION AUTHORITY, TARKETT HAS DECIDED TO BOOK A PROVISION OF AN AMOUNT OF 150 MILLION EUROS IN ITS FINANCIAL ACCOUNTS AS OF JUNE 30, 2017.THIS WILL LEAD TARKETT TO REPORT A NEGATIVE NET INCOME OVER FIRST-HALF 2017 AND OVER FULL YEAR 2017.THIS WILL NOT LEAD TO ANY CHANGE IN FINANCIAL TARGETS OF 2020 STRATEGIC PLAN.NON-RECURRING PROVISION WILL BE TREATED AS AN ADJUSTMENT TO EBITDA AND WILL NOT IMPACT INDICATOR "ADJUSTED EBITDA".INFORMATION REGARDING A PROCEDURE WITH THE FRENCH COMPETITION AUTHORITY.AMOUNT WILL NOT IMPACT ABILITY OF GROUP TO MEET ITS FINANCIAL COVENANTS.  Full Article

Glen Morrison succeeds Michel Giannuzzi as CEO of Tarkett
Thursday, 6 Jul 2017 

July 6 (Reuters) - TARKETT SA ::REG-TARKETT : GLEN MORRISON SUCCEEDS MICHEL GIANNUZZI AS CEO OF TARKETT.SUPERVISORY BOARD APPOINTS GLEN MORRISON, CURRENTLY PRESIDENT OF TARKETT NORTH AMERICA, TO BE NEW GROUP CEO, EFFECTIVE AS OF SEPTEMBER 1, 2017.  Full Article

Tarkett Q1 adjusted EBITDA up 14.6 pct at 52 million euros
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Tarkett Sa :Q1 adjusted EBITDA margin up 62 bps to 8.4 pct (versus 7.8 pct in q1 2016).Q1 adjusted EBITDA up 14.6 pct at EUR 52 million ($56.90 million) versus EUR 45 million in Q1 2016.Q1 net sales EUR 611.7 million versus EUR 576.3 million year ago.Market trends in emea and north america and in sports segments should remain favorable throughout rest of 2017.CIS region should stabilize or recover slightly in 2017.Rise in raw material costs is expected to have a negative impact on adjusted ebitda of between EUR 10 to 20 million over year.Rise in raw material costs will be offset by group's productivity efforts.Group is confident looking ahead to rest of year.  Full Article

French and Benelux stocks-Factors to watch on Feb 1

Feb 1 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. ASSYSTEM: France-based engineering and innovation consultancy co Assystem announced on Wednesday it has taken part in equity financing for the acquisition of sQS