Tarkett : Game over – simplified takeover at € 20 per share
>Early Q1 2021 sales publication - Tarkett has published Q1 sales that came in a shade above our forecast of € 558.8m (€ 545.1m estimated) vs € 610.7m down 8.5% and 3.8% organic. The group was largely penalised over the quarter by the decline in activity in North America as well as by an unfavourable base effect at the Sport division which generates the bulk of its revenue in North America. The group also published EBITDA of € 34m for the quarter (€ 30m estimated vs ...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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