Tarkett : Visibility still too low, target price adjusted to € 10 from € 11
>Downward revision following trading update - Moderate dip in Q1: Tarkett provided a trading update and the group now expects quarterly revenues to work out at € 612m (€ 608m estimated), down 2.1% and 2.9% organically. This should come as a moderate drop amid the fallout from COVID-19 in China at the start of the year. CIS-Asia-Pacific and Latin America posted a limited decline of 1.2%. The group was mainly hurt in Europe and North America from mid-March onwards, resu...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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