Report
Eric Lemarie

TARKETT - NEUTRAL | EUR21 vs. EUR23 (-4%) Further decline of our valuation

TARKETT - NEUTRAL | EUR21 vs. EUR23 (-4%)
Further decline of our valuation

Oil price decline should be favourable as from Q2/Q3 next year
But overall inflation environment remains unfavourable
While top line remains a bit tepid
Estimates and FV updated and Neutral maintained
Underlying
Tarkett SA

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.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Eric Lemarie

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