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Tarkett SA (TKTT.PA)

TKTT.PA on Paris Stock Exchange

17.38EUR
19 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Tarkett Q3 Adjusted EBITDA Down At 98 Million Euros
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - TARKETT SA ::Q3 2018 ADJUSTED EBITDA OF EUR 98 MLN.Q3 GROUP TOTAL SALES EUR 839.9 MLN VS EUR 823.5 MLN YR AGO.EXPECTS RAW MATERIALS, ENERGY AND TRANSPORTATION COSTS TO HAVE SIGNIFICANTLY HIGH IMPACT AND SHOULD REACH €50M TO €55M IN 2018.FAST INTEGRATION OF LEXMARK WILL HAVE A POSITIVE IMPACT ON EBITDA MARGIN IN Q4 2018.IN Q4 2018, LEVERAGE RATIO WILL REMAIN CONTAINED (AROUND 2.5X PRO FORMA EBITDA) .  Full Article

Tarkett Completes Acquisition Of Lexmark
Monday, 1 Oct 2018 

Oct 1 (Reuters) - TARKETT SA ::REG-TARKETT COMPLETES THE ACQUISITION OF LEXMARK, REINFORCING ITS PRESENCE IN THE NORTH AMERICA HOSPITALITY SEGMENT.ACQUISITION WILL BE IMMEDIATELY ACCRETIVE TO GROUP EBITDA MARGIN UP TO +50BPS AFTER SYNERGIES ON FY BASIS.EXPECTS ITS LEVERAGE RATIO TO REMAIN BELOW 2.5X ADJUSTED EBITDA AT END OF YEAR.  Full Article

Tarkett To Acquire Lexmark
Monday, 27 Aug 2018 

Aug 27 (Reuters) - TARKETT SA ::REG-TARKETT TO ACQUIRE LEXMARK, ONE OF THE US LEADERS IN CARPET FOR HOSPITALITY.SIGNED AN AGREEMENT TO ACQUIRE 100% OF LEXMARK CARPET MILLS.ACQUISITION WILL BE IMMEDIATELY ACCRETIVE TO GROUP EBITDA MARGIN.TARKETT HAS ALSO IDENTIFIED SALES AND SUPPLY CHAIN SYNERGIES WITH ITS NORTH AMERICA CARPET ACTIVITIES.TRANSACTION WILL BE FINANCED WITH AN EXISTING CREDIT FACILITY.AFTER ACQUISITION, TARKETT EXPECTS ITS NET CONSOLIDATED DEBT LEVERAGE RATIO TO BE AROUND 2.5X EBITDA (PROFORMA) AT END OF YEAR.TRANSACTION IS EXPECTED TO BE CONCLUDED BEFORE END OF THIS YEAR.  Full Article

Tarkett Q2 Adjusted EBITDA At 86 Million Euros
Wednesday, 25 Jul 2018 

July 25 (Reuters) - TARKETT SA ::Q2 2018 ORGANIC GROWTH IS STRONG AT +5.3% WITH EXCELLENT PERFORMANCE IN SPORTS (+18.6%) AND EXPANSION IN ALL SEGMENTS.SOLID +3.0% ORGANIC GROWTH IN H1 2018, NET SALES REACHING EUR 1,317M.GOOD PROGRESS OF SELLING PRICE INCREASES IN Q2 2018, BEGINNING TO OFFSET ANTICIPATED RAW MATERIAL PRICES INCREASE.SAYS Q2 2018 ADJUSTED EBITDA AT EUR 86 MILLION AND EBITDA MARGIN AT 11.5%.H1 NET PROFIT ATTRIBUTABLE TO OWNERS EUR 28.7 MILLION VERSUS LOSS OF EUR 97.9 MILLION YEAR AGO.  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