Tarkett : Trading update – Profitability preserved in Q3 and for the full year – Target price adjusted to € 15 (vs € 14)
>Further upward revision to our earnings sequence - While we published yesterday an update with an upward revision of our earnings sequence with a rating change (Buy vs Neutral), the group has just released a trading update with trends for Q3 and an upward revision of its full-year estimates. The group is still targeting a decline in sales in Q3 as well as for H2. Nevertheless, for the EMEA region, the expected decline in Q3 would be in the single digits (vs -12.9% on...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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