Tarkett: back to profit in 2023

(CercleFinance.com) - Tarkett reports FY 2023 sales of E3,363m, barely up from their level in 2022 (E3,359m).


Adjusted EBITDA rose by 22.5% to E288m, while EBIT jumped almost 80% to E154m (compared with E86m twelve months earlier).

Net income, group share, came to E20.4m in 2023, well ahead of the E26.8m loss recorded in 2022, while EPS was E0.31, compared with -E0.41 previously.

Nevertheless, citing a macroeconomic context and a market that "remains uncertain", and with a view to "preserving cash flow in 2024 and consolidating the turnaround initiated in 2023", Tarkett announces that its Management Board will not propose a dividend payment for 2023.

Regarding its outlook, Tarkett maintains its roadmap for operational and financial turnaround initiated in 2023.

It is targeting positive cash flow generation and debt reduction through rigorous control of working capital requirements and costs, as well as tight control of capital expenditure, with priority given to innovative, growth and productivity projects.


Copyright (c) 2024 CercleFinance.com. All rights reserved.