Tarkett : Roadshow feedback – 2022 targets confirmed – target price adjusted to € 16 (vs € 21)
>Focusing on the plan in a still-stressed macroeconomic climate - Following a roadshow with Tarkett's management, we understand the main macroeconomic indicators have not shown a favourable inflection, nor have they deteriorated since the half-yearly results release. Management's priority is still executing the 2019/2022 plan with significant productivity gains expected (>€ 30m on average per year). We have slightly lowered our earnings sequence (-6% for 2019 EBITDA a...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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