TARKETT: Efforts ongoing but market conditions just too hard | NEUTRAL | Under Review
TARKETT - NEUTRAL | Under ReviewEfforts ongoing but market conditions just too hard
Deterioration in top-line growth in Q2
Adjusted EBITDA margin down 190bps in Q2 (before IFRS16)
The environment remains challenging
Cautious view maintained
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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