Tarkett SA

TKTT

Equity

ISIN FR0004188670 / Valor 1418096

Euronext - Euronext Paris (2025-12-23)

EUR 17.00%

Tarkett SA
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About company

Tarkett SA is a global leader in the design and manufacture of a diverse array of flooring solutions, with a history spanning over 140 years. The company specializes in producing high-quality commercial flooring products, including vinyl, linoleum, carpet, wood, laminate, rubber, turf, and tracks. Tarkett is dedicated to delivering high-performing, durable products that incorporate the latest designs. The company serves a wide range of sectors, providing flooring solutions for hospitals, schools, residential buildings, hotels, offices, retail spaces, and sports fields. Tarkett emphasizes innovation and sustainability in its product development, aiming to meet the evolving needs of its customers while minimizing its environmental impact. The company's approach to business is centered around the Tarkett Human-Conscious Design® philosophy, which prioritizes the wellbeing of individuals and communities, and it actively engages in efforts to promote a circular economy. Through its operations, Tarkett seeks to contribute to the advancement of sustainable development, aligning its strategies with several of the United Nations' 2030 Sustainable Development Goals.

Summarized from source with an LLMView SourceSector: Industrials

Top‑line and organic trend

Q3 2025 net revenue: €996.0m (-0.6% reported vs Q3 2024; -1.6% organic). Selling prices nearly flat (-0.3% reported). 9M 2025 revenue: €2,569.4m (+0.3% reported; -0.8% organic).

Segment performance — overview

EMEA: €210.5m (-1.7% reported; -1.8% organic) with weakness in residential but resilience in commercial (healthcare, education, offices). North America: €207.8m (-4.9% reported; +2.2% organic) — organic growth offset by negative currency (-4.8%) and scope (-2.3%). CIS/APAC/Latin America: €144.4m (-6.8% reported; -7.6% organic) — sharp slowdown in CIS and Latin America; Asia (China, SE Asia) showing growth. Sports: €433.2m (+4.6% reported; -1.1% organic) — acquisitive contribution +9.1%, currency drag -3.4%, US turf projects softer.

Currency & scope effects

Reported figures were materially affected by currency and scope: the weaker US dollar reduced reported sales (c. -3.4% to -4.8% in places), while acquisitions added to reported growth (notably in Sports) and the July 2024 disposal in California reduced year‑on‑year scope.

Adjusted EBITDA outlook revision

Tarkett now expects 2025 adjusted EBITDA to be close to 2024’s €329m (previous target €360m). The revision reflects continued sluggish demand, a weaker dollar and lower-than-expected Sports installations in North America.

Commercial vs residential dynamics

Commercial end‑markets (healthcare, education, offices, many sports activities) remain relatively resilient and represent ~80% of the Group’s business; residential markets in Europe, US and parts of CIS remain weak and are the main drag on volumes.

Corporate update

Public buy‑out: Tarkett Participation now holds 97.11% of Tarkett SA following the June 2025 offer; a minority shareholder appeal against AMF clearance is pending at the Paris Court of Appeal with a decision expected end‑November 2025.

Near‑term outlook

The Group flags no short‑term recovery in residential demand, expects a slowdown in North American year‑end activity, and sees Sports activity moderate in 2025 due to postponed projects — while cost reduction measures and market positioning should support performance when demand recovers.

Summarized from source with an LLMView Source

Key figures

59.6%1Y

45.5%3Y

16.9%5Y

Performance

24.0%1Y

27.9%3Y

31.6%5Y

Volatility