Tarkett SA
PAR:TKTT
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Tarkett SA
PAR:TKTT
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Digital Holdings Inc
TSE:2389
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Tarkett SA
Tarkett SA engages in the manufacturing of resilient flooring. The company is headquartered in Paris, Ile-De-France and currently employs 12,008 full-time employees. The company went IPO on 2013-11-22. The firm focuses on the development, manufacturing and marketing of ground and surface coating to business and private individuals. Tarkett SA is engaged in providing integrated flooring, wall based- and sports surface solutions. Its product portfolio encompasses ground coating, such as parquets, laminates, fitted carpets, vinyl flooring, conductive polyvinyl chloride (PVC) flooring and PVS non-slip floors, among others, which are used primarily in hospitals, schools, apartments building, shops, hotels and offices. In addition, it provides sport facility installations. The firm is active in the domestic market and internationally. The major shareholder of the Company is Societe Investissement Deconinck. The company also operates through Grassman.
Tarkett SA engages in the manufacturing of resilient flooring. The company is headquartered in Paris, Ile-De-France and currently employs 12,008 full-time employees. The company went IPO on 2013-11-22. The firm focuses on the development, manufacturing and marketing of ground and surface coating to business and private individuals. Tarkett SA is engaged in providing integrated flooring, wall based- and sports surface solutions. Its product portfolio encompasses ground coating, such as parquets, laminates, fitted carpets, vinyl flooring, conductive polyvinyl chloride (PVC) flooring and PVS non-slip floors, among others, which are used primarily in hospitals, schools, apartments building, shops, hotels and offices. In addition, it provides sport facility installations. The firm is active in the domestic market and internationally. The major shareholder of the Company is Societe Investissement Deconinck. The company also operates through Grassman.
Sales Decline: Q1 2021 sales fell 8.5% year-on-year, or 3.8% on an organic basis, mainly due to ongoing pandemic impacts in commercial segments.
Profitability Hit: Adjusted EBITDA dropped from EUR 42 million to EUR 34 million, with margins still resilient at 6.1%.
Cost Inflation: Raw material and freight inflation for 2021 is now expected at EUR 100 million, driven mainly by oil derivatives and shipping costs.
Price Increases: Strong pricing actions are underway across all regions, but only about 50% of inflation is expected to be offset in 2021 due to time lags.
Cost Savings: EUR 24 million in cost reductions achieved in Q1, with EUR 15 million coming from structural savings, well ahead of plan.
Tender Offer: The Deconinck family and Wendel announced a simplified tender offer at EUR 20 per share with a 38.1% premium, aiming to reinforce long-term commitment.
Outlook: Midterm EBITDA margin target of 12% is delayed by at least one year due to ongoing cost inflation and uncertain commercial demand recovery.
