TARKETT: Around 40% decline in activity estimated for April | NEUTRAL | EUR8 vs. EUR10 (-3%)
TARKETT - NEUTRAL | EUR8 vs. EUR10 (-3%)Around 40% decline in activity estimated for April
Q1 2020 in line with the trading statement
But April is under pressure
Estimates further downgraded by ~20%
New FV but Neutral unchanged
Tarkett is a global flooring company, providing a large range of flooring and sports surface solutions to business and residential end-users. Co. is organized in four segments: Europe, Middle East and Africa (“EMEA”); North America; Commonwealth of Independent States (“CIS”), Asia Pacific (“APAC”) and Latin America; and Sports Surfaces.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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