H1 2024: In a declining market, slight organic decrease in activity
Good operational performance, reflected by a clear growth in EBITDA
and margin Financial debt well-controlled and reduction of leverage
compared to June 2023
Results for H1 2024:
In a declining market, slight organic decrease in
activity
Good operational performance, reflected by a clear
growth in EBITDA and margin
Financial debt well-controlled and reduction of leverage
compared to June 2023
Results for the second quarter and first half of
2024
- Q2 revenue down by -2.1%, and -1.8% on a like-for-like
basis compared to Q2 2023
- H1 revenue down by -3.1% compared to H1 2023, i.e., a
decline of -2.2% on a like-for-like basis
- Adjusted EBITDA of €148 million in H1 2024, i.e. 9.5%
of sales, a clear increase compared to H1 2023 (€126 million, 7.8%
of sales)
- EBIT of €60 million in H1 2024, an improvement compared
to H1 2023 (€48 million)
- Net profit of €18.0 million compared to €2.8 million in
the first half of 2023
- Cash consumption kept under control during H1 and in
line with historical seasonality (-€76 million in free cash
flow)
- Net financial debt of €620 million, i.e., leverage of
2.0x adjusted EBITDA an improvement compared to June 2023
(-0.8x)
- Acquisition on 3 July 2024 of Classic Turf &
Tracks, a company specialising in the construction of sports fields
and athletic tracks
- Signing of a disposal agreement for the flooring
distribution activities in California
Paris, 25 July
2024: The Supervisory Board of Tarkett (Euronext Paris:
FR0004188670 TKTT), met today and reviewed the Group’s consolidated
results for the half year of the 2024 financial year.
The Group uses
alternative performance indicators (not defined under IFRS),
described in detail in Appendix 1 on page 6 of this document:
|
In millions of euros |
H1 2024 |
H1 2023 |
Change in % |
|
Revenue |
1,558.7 |
1,608.3 |
-3.1% |
|
Of which organic change |
-2.2% |
+3.9% |
|
Adjusted EBITDA |
148.2 |
126.1 |
+17.5% |
|
% of revenue |
9.5% |
7.8% |
|
Adjusted EBIT |
81.8 |
59.2 |
+38.2% |
|
% of revenue |
5.3% |
3.7% |
|
EBIT |
59.9 |
48.5 |
+23.5% |
|
% of revenue |
3.8% |
3.0% |
|
Net profit attributable to shareholders of the company |
18.0 |
2.8 |
- |
|
Fully diluted earnings per share (€) |
0.27 |
0.04 |
|
Free cash flow |
-75.9 |
27.3 |
- |
|
Net debt |
620.4 |
648.9 |
- |
|
Leverage (Net debt/adjusted EBITDA over 12 months) |
2.0x |
2.8x |
|
|
Revenue in the first half of
2024 amounted to €1,558.7 million, down by -3.1% compared to the
first half of 2023, reflecting an organic decline of -2.2%. Sales
prices remained stable over the financial year, i.e. -0.2% compared
to the first half of 2023.
In a declining market, sales in the three
flooring divisions were slightly down, particularly in the
residential end-user segment. The level of activity in Sports
division is stable compared to the record first half of 2023. The
currency effect was unfavourable, mainly due to the depreciation of
the rouble and the dollar.
Adjusted EBITDA in the first
half of the year amounted to €148.2 million, i.e. 9.5% of revenue,
compared to €126.1 million in the first half of 2023, i.e. 7.8% of
revenue.
The combined effect of volume and mix was
slightly negative at -2 million euros, with a favourable product
mix partially offsetting lower volumes.
The significant reduction in raw material costs
compared to the previous year had a positive effect of +35 million
euros over the six months, but wage inflation remained significant
(-15 million euros).
Selling prices were stable overall at (-0.2%
compared to the first half of 2023). Contained and controlled
reductions have been implemented for certain products (-4 million
euros).
SG&A increased slightly by (-8 million
euros) to support the growth of Sports and the launch of new
collections in flooring.
The good industrial performance and productivity
actions implemented by the Group enabled a significant reduction in
production costs of +17 million euros, which contributed
significantly to the improvement in margins over the first half of
the year.
The adjusted EBITDA margin for the first half of
the year improved significantly to 9.5% of sales compared to 7.8%
in the first half of 2023.
EBIT amounted to €59.9 million
in the first half of 2024 up from €48.5 million in 2023.
Adjustments to EBIT (detailed in Appendix 1)
amounted to €22.0 million in the first half of 2024 compared to
€10.7 million in the first half of 2023. They include, in
particular, restructuring costs related to the plan to reduce
general and administrative costs as well as the rationalisation of
the industrial organisation in Europe and the reorganisation of
certain central functions.
Financial expenses amounted to
€27.4 million in the first half of 2024, compared to €33.9 million
in the first half of 2023. This decrease is mainly due to lower use
of the short-term financing line (“Revolving Credit Facility”). The
income tax expense amounted to €13.4 million in 2024, up slightly
compared to the previous year (€11.4 million) due to the increase
in profits before tax.
The Net profit (group share) of
the first half of 2024 is €18.0 million, i.e. a diluted earnings
per share of €0.27.
- H1 2024 Revenue and EBITDA by segment
Net revenue per segment
|
In millions of euros |
H1 2024 |
H1 2023 |
Change |
Organic growth (1) |
|
EMEA |
439.3 |
443.1 |
-0.9% |
-3.7% |
|
North America |
446.3 |
458.1 |
-2.6% |
-2.2% |
|
CIS, APAC & Latin America |
243.8 |
277.8 |
-12.3% |
-3.7% |
|
Sports |
429.3 |
429.3 |
+0.0% |
+0.3% |
|
TOTAL |
1,558.7 |
1,608.3 |
-3.1% |
-2.2% |
(1) Selling price adjustments in the CIS
countries are historically intended to offset currency movements
and are therefore excluded from the “organic growth” indicator (see
Appendix 1).
Adjusted EBITDA per segment
The Group’s IT costs were historically reported
into central costs. From 2024, they will be reassigned to each
business segment according to their actual use of IT services. This
approach provides a more accurate reflection of the performance of
each segment.
As a result, the 2023 adjusted EBITDA of each segment has been
restated to allow comparison with 2024. The amount of 2023 IT costs
reallocated to the segments is €14.8 million (see reconciliation
table in Appendix 1).
|
In millions of euros |
H1 2024 |
H1 2023 Proforma |
Margin
2024 |
Margin
2023 |
|
EMEA |
41.4 |
30.4 |
9.4% |
6.9% |
|
North America |
48.0 |
38.1 |
10.8% |
8,3% |
|
CIS, APAC & Latin America |
27.8 |
32.8 |
11.4% |
11.8% |
|
Sports |
48.6 |
41.6 |
11.3% |
9.7% |
|
Central |
-17.6 |
-16.8 |
- |
- |
|
TOTAL |
148.2 |
126.1 |
9.5% |
7.8% |
Comments by segment
The EMEA segment generated
revenue of €439 million, slightly down by -0.9% including a
favourable currency effect of +0.5% and a scope effect of +2.3%
(integration of activities in Ukraine previously linked to CIS)
compared to the first half of 2023. The macroeconomic environment,
high interest rates and the cost of construction and renovation
projects continue to weigh negatively on demand in the eurozone,
but also in important markets such as the UK and Northern Europe.
In a declining flooring market, the volume of activity is down,
particularly in Residential. Some selling prices have been
selectively adjusted downwards to support business.
The segment’s adjusted EBITDA amounts to €41
million, i.e. 9.4% of sales, compared to €30 million/6.9% of sales
in the first half of 2023. The decrease in volumes and the
adjustment of certain sales prices were more than offset by the
drop in raw material purchase prices compared to the first half of
2023. Industrial productivity helped to offset the rise in
wages.
The North America segment
generated revenue of €446 million, down by -2.6% compared to the
first half of 2023, reflecting like-for-like growth of -2.2%. The
Commercial segments (Offices, Health and Education) held up well
and their volume of activity was slightly up compared to the first
half of 2023. In particular, they have benefited from an
improvement in carpet tile and LVT volumes. The Residential segment
is heavily penalised by inflation and rising mortgage rates, which
have led to a sharp reduction in new construction and renovation
projects.
The segment’s adjusted EBITDA increased
significantly to €48 million, i.e., 10.8% of sales, compared to €38
million/8.3% of sales in the first half of 2023. It benefits from
the positive inflation balance, the measures to turn around certain
business, and the good performance of the production sites.
Revenue in the CIS, APAC and Latin
America segment amounted to €244 million, down -12.3%
compared to the first quarter of 2023, with organic sales falling
by -3.7% (excluding sales price effects in CIS countries), a
negative currency effect (-4.9%) mainly linked to the depreciation
of the rouble and a scope effect of -3.7% (integration of
activities in Ukraine in the EMEA segment). In Russia, against a
background that remains complex, volumes are down by -10% compared
to 2023. Asia Pacific is driven by good momentum in Australia and
most Asian markets. In Latin America, demand remained low and
lagged behind considerably compared to the previous year,
especially in Brazil.
The adjusted EBITDA of the CIS, APAC and Latin
America segment is down to €28 million, i.e., 11.4% of sales,
compared to €33 million/11.8% of sales in the first half of 2023,
mainly due to low volumes in Russia and rising raw material prices
in the CIS region. In the first half of the year, Russia accounted
for around 8% of Group sales.
The Sports segment maintains a
strong level of activity with a revenue of €429 million in the
first half of 2024, equalling the record level reached in the first
half of the previous year. The volume of activity in artificial
turf sports fields and athletics tracks in North America is stable
and the Group continues to develop its turnkey project offering.
Growth at constant exchange rates and scope was +0.3%.
The adjusted EBITDA of the Sports segment rose
to €49 million, i.e. 11.3% of sales, compared to €42 million/9.7%
of sales in the first half of 2023. This improvement is the result
of a positive inflation balance due to the good level of sales
prices and favourable raw material prices.
- Balance Sheet and Cash Flow
2024
Tarkett recorded a negative change in
working capital requirements in the first half of
2024 (€-121.6 million), in line with the seasonality of the
business that requires increasing inventory levels in the first
half to meet the peak in demand in the third quarter. The Group
continues to implement measures to improve its management of
working capital requirements. The inventory levels at the end of
June 2024 is slightly lower than at the end of June 2023, but will
be sufficient to meet demand in the second half of the year.
At the end of June 2024, net financing from
factoring programmes amounted to €191.3 million, marking an
increase compared to €179.2 million recorded at the end of 2023 and
€182.6 million in the same period in 2023.
Capital expenditure is under
control and amounts to €32.5 million allocated mainly to capacity
projects for growing products and automation to improve industrial
efficiency. In the first half of 2023, investments amounted to
€40.4 million.
Free cash flow for the first
half of the year is negative at €-75.9 million, which is in line
with the cash consumption profile for this period. Free cash flow
in the first half of 2023 was positive given the measures taken to
reduce the exceptionally high working capital requirement in
December 2022.
Net financial debt amounts to €620 million at
the end of June 2024, compared to €552 million at the end of
December 2023 and €649 million at the end of June 2023. Compared to
December 2023, debt is increasing due to seasonality, but
the leverage remains stable at 2.0x of the
adjusted EBITDA of the last 12 months (1.9x at the end of December
2023). Leverage was reduced by -0.8x compared to June 2023.
At the end of June 2024, the Group had a
high level of liquidity amounting to €525 million
comprising the undrawn RCF in an amount of €299 million, other
confirmed and unconfirmed credit lines in an amount of €51 million
and €175 million in cash.
- Scope effect
On 2 July 2024, the Group signed a disposal
agreement of its California distribution business (Diamond W –
around $60 million in annual revenue). The assets and liabilities
of this activity were classified as “assets held for sale” in the
accounts published on 30 June 2024.
In addition, on 3 July 2024, the Group concluded
the acquisition of one of its partners, Classic Turf & Tracks,
a sports field construction company specialising in post tension
concrete sub-bases. This will enable the Group to consolidate its
positions in certain states in Northeastern United States and
strengthen its tennis court offering. The company’s revenue is
around $25 million.
- Outlook
The trend observed in the first quarter of 2024
continued in the second quarter with a decline in activity in the
flooring sector. High interest rates and persistent inflation
continue to weigh on the number of new construction and renovation
projects. The Group does not anticipate a short-term improvement in
the environment or a rapid recovery of the building market.
The European market experienced the most severe
slowdown and remains sluggish. The Group has adapted its cost
structure, industrial footprint and organisation in order to be
more agile and profitable. These measures are combined with ongoing
commercial efforts (range renewal, new product launches,
innovation) and should support year-over-year performance
improvement.
In North America, the construction and
renovation indicators remain extremely low, primarily affecting the
Residential market, to which the Group is exposed to a limited
extent (~12% of the segment’s sales). The recovery measures taken
by the Group in this area are paying off in the growing Commercial
segments. The improvement in results recorded in the first half of
the year should be confirmed for the whole year.
Sports continues to benefit from a strong
artificial turf order book, similar to 2023. Athletics track
activities in North America and sports fields in Europe are
expected to generate annual revenue growth. Taking advantage of its
leading position in North America, Tarkett has a strong presence on
higher value-added projects, which should contribute to improving
profit margins over the year. In a highly competitive and
consolidating environment, the acquisition of Classic Turf and
Tracks strengthens this positioning, and the Group is paying close
attention to any other external growth opportunities.
The Group does not anticipate any rapid
improvement in market conditions and therefore continues to adapt
its production level and cost structure while investing in the
launch of new products, in particular ranges with a higher content
of recycled products, the renewal of existing collections, but also
in innovative growth, productivity and decarbonisation
projects.
The operational and financial recovery initiated
in 2023 will continue in 2024, where the Group aims to generate
positive cash flow and reduce debt at the end of the financial
year.
1) Selling price adjustments in the CIS
countries are historically intended to offset currency fluctuations
and are therefore excluded from the “organic growth” indicator (see
Appendix 1)
This press release may contain forward-looking statements.
These statements do not constitute forecasts regarding results or
any other performance indicator, but rather trends or targets.
These statements are by their nature subject to risks and
uncertainties as described in the Company’s Registration Document
available on its website
(https://www.tarkett-group.com/en/category/urd/).
They do not reflect the future performance of the Company, which
may differ significantly. The Company does not undertake to provide
updates to these statements.
Financial calendar
- 24 October 2024: Q3 2024 Revenue – press release after
close of trading
Investor Relations and Individual Shareholders
Contact
investors@tarkett.com
Media Contacts
Brunswick – tarkett@brunswickgroup.com – Tel.: +33 (0) 1 53 96 83
83
Hugues Boëton – Tel.: +33 (0) 6 79 99 27 15 – Benoit Grange – Tel.:
+33 (0) 6 14 45 09 26
About Tarkett
With a 140-year history, Tarkett is a worldwide leader in
innovative and durable flooring and sports surface solutions,
generating a revenue of €3.4 billion in 2023. The Group has around
12,000 employees and 23 R&D centres, 8 recycling centres and 34
production sites. Tarkett designs and manufactures solutions for
hospitals, schools, housing, hotels, offices, shops and sports
fields, serving customers in more than 100 countries. To
build “The Way to Better Floors”, the Group is committed to the
circular economy and sustainable development, in line with its
Tarkett Human-Conscious Design® approach. Tarkett is listed on the
Euronext regulated market (compartment B, ISIN: FR0004188670,
ticker: TKTT). www.tarkett-group.com
Appendices
1/ Definition of alternative performance indicators (not
defined under IFRS)
- Organic growth measures the change in turnover
compared with the same period in the previous year, excluding the
exchange rate effect and changes in scope. The foreign exchange
effect is obtained by applying the previous year’s exchange rate to
sales for the current year and calculating the difference with
sales for the current year. It also includes the effect of price
adjustments in the CIS countries intended to offset the change in
local currencies against the euro. In the first half of 2024, a 7.0
million euros positive impact of selling price adjustments is
excluded from organic growth and included in the foreign exchange
effect.
- The scope effect is composed of:
- current year sales by entities not included in the scope of
consolidation in the same period of the previous year, until the
anniversary of their consolidation, the reduction in sales due to
discontinued operations that are not included in the current year's
scope of consolidation but were included in sales for the same
period of the previous year, until the anniversary of their
disposal.
|
In millions of euros |
2024 Revenue |
2023 Revenue |
Change |
Of which volume |
Of which selling prices |
Of which CIS selling prices |
Of which exchange rate effect |
Of which scope effect |
|
Group Total Q1 |
668.1 |
698.5 |
-4.3% |
-2.3% |
-0.3%
|
+0.5% |
-2.2% |
+0.0% |
|
Of which organic growth |
-2.7% |
|
|
|
|
Of which selling price increases |
|
+0.,2% |
|
|
|
Group Total Q2 |
890.5 |
909.8 |
-2.1% |
-1.7%
|
-0.2%
|
+0.4% |
-0.7% |
+0.0% |
|
Of which organic growth |
-1.8% |
|
|
|
|
Of which selling price increases |
|
+0.2% |
|
|
|
Group Total H1 |
1,558.7 |
1,608.3 |
-3.1% |
-2.1%
|
-0.2%
|
0.4% |
-1.3% |
+0.0% |
|
Of which organic growth |
-2.2% |
|
|
|
|
Of which selling price increases |
|
+0.2% |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
- IT costs have been reallocated by division from
2024 for better readability of the indicators. The segment
information for 2023 is presented pro forma with a re-allocation of
expenses of €14.8 million between central costs and the other
divisions.
| In
millions of euros |
H1 2023 |
IT Costs |
H1 2023 Proforma |
Margin
2023 |
Proforma Margin
2023 |
|
EMEA |
37.0 |
-6.6 |
30.4 |
8.4% |
6.9% |
|
North America |
41.4 |
-3.3 |
38.1 |
9.0% |
8.3% |
|
CIS, APAC & Latin America |
36.6 |
-3.8 |
32.8 |
13.2% |
11.8% |
|
Sports |
42.6 |
-1.0 |
41.6 |
9.9% |
9.7% |
|
Central |
- 31.6 |
14.8 |
-16.8 |
- |
- |
|
TOTAL |
126.1 |
- |
126.1 |
7.8% |
7.8% |
- Adjusted EBITDA is the operating result before
depreciation and amortisation restated for the following income and
expenses: restructuring costs with the aim of increasing the
Group’s future profitability, gains and losses on significant asset
disposals, provisions, and reversals of provisions for impairment,
costs related to business combinations and legal reorganisations,
expenses related to share-based payments and other one-off expenses
considered non-recurring by their nature.
|
In millions of euros |
Adjusted EBITDA H1
2024 |
Adjusted EBITDA H1
2023 |
Margin
H1 2024 |
Margin
H1 2023 |
|
| |
|
Group Total – Q1 |
39.7 |
31.8 |
5.9% |
4.6% |
|
|
Group Total – Q2 |
108.5 |
94.2 |
12.2% |
10.4% |
|
|
Group Total – H1 |
148.2 |
126.1 |
9.5% |
7.8% |
|
| In
millions of euros |
of which adjustments |
|
H1 2024 |
Restructuring |
Gains/losses on asset disposals/impairment |
Business combinations |
Share-based payments |
Other |
H1 2024 adjusted |
|
EBIT |
59.9 |
15.4 |
-4.8 |
0.0 |
2.0 |
9.3 |
81.8 |
|
Impairment, amortisation and depreciation |
62.2 |
- |
3.6 |
- |
- |
- |
65.8 |
|
Other |
0.6 |
- |
- |
- |
- |
- |
0.6 |
|
EBITDA |
122.6 |
15.4 |
1.1 |
0.0 |
2.0 |
9.3 |
148.2 |
| In
millions of euros |
of which adjustments |
|
H1 2023 |
Restructuring |
Gains/losses on asset disposals/impairment |
Business combinations |
Share-based payments |
Other |
H1 2023 adjusted |
|
EBIT |
48.5 |
3.8 |
0.3 |
0.0 |
3.6 |
2.9 |
59.2 |
|
Impairment, amortisation and depreciation |
65.4 |
- |
- |
- |
- |
- |
65.4 |
|
Other |
1.5 |
- |
- |
- |
- |
- |
1.5 |
|
EBITDA |
115.4 |
3.8 |
0.3 |
0.0 |
3.6 |
2.9 |
126.1 |
- Free cash flow is defined as cash generated
from operations before change in working capital, plus or minus the
following inflows and outflows: change in working capital,
repayment of lease liabilities, net interest received (paid), net
tax collected (paid), various operating items collected
(disbursed), acquisition of intangible assets and property, plant
and equipment, and income (loss) from fixed asset disposals.
|
Free cash flow (in millions of euros) |
H1 2024 |
H1 2023 |
|
Cash flow from operations before change in working capital
and repayment of lease liabilities |
138.2 |
111.1 |
|
Repayment of lease liabilities |
-21.5 |
-18.0 |
|
Cash flow from operations before change in working capital;
including repayment of lease liabilities |
116.7 |
93.1 |
|
Change in working capital |
121.6 |
23.3 |
|
of which change in factoring programmes |
6.8 |
4.3 |
|
Net interest paid |
-18.2 |
-25.1 |
|
Net tax paid |
-18.1 |
-18.7 |
|
Miscellaneous operating items paid |
-2.4 |
-5.0 |
|
Acquisition of intangible assets and property, plant and
equipment |
-32.5 |
-40.7 |
|
Proceeds from disposal of property, plant and equipment |
0.1 |
0.5 |
|
Free cash flow |
-75.9 |
27.3 |
- Net financial debt is defined as the sum of
interest-bearing loans and borrowings minus cash and cash
equivalents. Borrowings correspond to any obligation to repay funds
received or raised that are subject to repayment terms and
interest. They also include liabilities on leases.
- Financial leverage is the ratio of net
financial debt, including leases accounted for as per IFRS 16, to
adjusted EBITDA over the last 12 months.
In millions of euros |
|
30 June 2024 |
31 December 2023 |
30 June 2023 |
|
Financial debts – long term |
|
586.7 |
592.6 |
696.3 |
|
Financial debts and bank overdrafts – short term |
|
77.3 |
40.0 |
44.9 |
|
Financial debts excluding IFRS 16 (A) |
|
664.0 |
632.6 |
741.2 |
|
Lease liabilities – long term |
|
101.0 |
111.8 |
103.2 |
|
Lease liabilities – short term |
|
30.8 |
31.6 |
27.4 |
|
Lease liabilities – IFRS 16 (B) |
|
131.8 |
143.4 |
130.6 |
|
Gross debt – long term |
|
799.5 |
704.4 |
799.5 |
|
Gross debt – short term |
|
72.3 |
71.6 |
72.3 |
|
Gross debt (C) = (A) + (B) |
|
795.8 |
776.0 |
871.8 |
|
|
|
|
|
|
|
Cash and cash equivalents (D) |
|
175.4 |
224.3 |
222.8 |
|
|
|
|
|
|
|
Net debt (E) = (C) - (D) |
|
620.4 |
551.7 |
648.9 |
|
|
|
|
|
|
|
Adjusted EBITDA 12 months (F) |
|
309.9 |
287.8 |
234.8 |
|
|
|
|
|
|
|
Ratio (E)/(F) |
|
2.0x |
1.9x |
2.8x |
2/ Bridges in millions of euros, H1 and Q2
2024
Net revenue by segment
Adjusted EBITDA by nature
|
Q2 2023 |
909.8 |
|
+/- EMEA |
-1.9 |
|
+/- North America |
2.9 |
|
+/-CIS, APAC & Latin America |
-8.6 |
|
+/- Sports |
-9.1 |
|
Q2 2023 Like-for-Like |
893.2 |
|
+/- Currencies |
1.5 |
|
+/- “Lag effect” in CIS (1) |
-4.2 |
|
+/- Scope |
0.0 |
|
Q2 2024 |
890.5 |
- Including selling price increases
|
Q2 2023 |
94.2 |
|
+/- Volume/Mix |
2.2 |
|
+/- Selling prices |
-1.4 |
|
+/- Raw materials and Transport |
18.8 |
|
+/- Salary increases |
-7.8 |
|
+/- Productivity |
7.4 |
|
+/- SG&A |
-4.1 |
|
+/- Non-recurring and other |
-0.5 |
|
+/- “Lag effect” in CIS (1) |
0.3 |
|
+/- Currencies |
-0.6 |
|
+/- Scope |
0.0 |
|
Q2 2024 |
108.5 |
- Including selling price increases
|
H1 2023 |
126.1 |
|
+/- Volume/Mix |
-1.7 |
|
+/- Selling prices |
-3.6 |
|
+/- Raw materials and Transport |
35.0 |
|
+/- Salary increases |
-15.3 |
|
+/- Productivity |
16.8 |
|
+/- SG&A |
-8.5 |
|
+/- Non-recurring and other |
0.0 |
|
+/- “Lag effect” in CIS(1) |
1.0 |
|
+/- Currencies |
-1.4 |
|
+/- Scope |
0.0 |
|
H1 2024 |
148.2 |
|
H1 2023 |
1,608.3 |
|
+/- EMEA |
-16.4 |
|
+/- North America |
-10.0 |
|
+/-CIS, APAC & Latin America |
-10.1 |
|
+/- Sports |
1.4 |
|
H1 2023 Like-for-Like |
1,573.1 |
|
+/- Currencies |
-1.5 |
|
+/- “Lag effect” in CIS (1) |
-12.9 |
|
+/- Scope |
0.0 |
|
H1 2024 |
1,558.7 |
- Including selling price increases
- Including selling price increases
***
- Press Release - Tarkett - Résultats H1 2024
Tarkett (EU:TKTT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tarkett (EU:TKTT)
Historical Stock Chart
From Jul 2023 to Jul 2024
