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.
  • TickerA1W7CM
  • ISINFR0004188670
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Khaled Ben Amor

ODDO BHF Small & MIDCAP MORNING NEWS - 12/06/2019

Hornbach Holding, a leading DIY and garden centre operator in Germany and Europe, has the qualities of a well-managed family business with tremendous resilience. Thanks to all-organic growth and an omni-channel (online and offline) strategy, the group still has untapped potential. We are maintaining our Buy recommendation on the stock and lifting our target price to € 66 from € 62. - ...

Jean-François Granjon

Tarkett : A more limited contribution from the US hence our downward revision to forecasts - Target price lowered to € 15 (vs € 16)

>Under pressure in the US in Q4 - Tarkett has just issued a trading statement due to delays at its North American activities at the publication of Q3 sales, the group reported on the unfavourable impact of the deployment of the ERP system (SAP) at commercial carpeting activity. It appears that since the system’s deployment, the ramp-up of production is taking longer than initially anticipated. Moreover, sales of Lexmark are down. As a result, the group anticipates a m...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Khaled Ben Amor

ODDO BHF Small & MIDCAP MORNING NEWS - 06/12/2019

Acteur de premier plan du DIY (bricolage et jardinage) en Allemagne et en Europe, Hornbach Holding présente les qualités d’une société familiale bien gérée et offrant une excellente résilience. Grâce à son développement totalement organique et à sa stratégie omnicanale (online/offline), le groupe dispose encore d’un potentiel intéressant. Achat confirmé avec un OC relevé à 66 € (vs 62 €). - ...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Khaled Ben Amor

ODDO BHF Small & MIDCAP MORNING NEWS - 12/06/2019

Hornbach Holding, a leading DIY and garden centre operator in Germany and Europe, has the qualities of a well-managed family business with tremendous resilience. Thanks to all-organic growth and an omni-channel (online and offline) strategy, the group still has untapped potential. We are maintaining our Buy recommendation on the stock and lifting our target price to € 66 from € 62. - ...

Jean-François Granjon

Tarkett : A more limited contribution from the US hence our downward revision to forecasts - Target price lowered to € 15 (vs € 16)

>Under pressure in the US in Q4 - Tarkett has just issued a trading statement due to delays at its North American activities at the publication of Q3 sales, the group reported on the unfavourable impact of the deployment of the ERP system (SAP) at commercial carpeting activity. It appears that since the system’s deployment, the ramp-up of production is taking longer than initially anticipated. Moreover, sales of Lexmark are down. As a result, the group anticipates a m...

Jean-François Granjon

Tarkett : Une moindre contribution des US d’où des objectifs révisés en baisse – Objectif de cours ajusté à 15 € (vs 16 €)

>T4 sous pression aux US - Tarkett vient d’effectuer un trading update en raison de retards au sein des activités nord-américaines. Lors de la publication du CA T3, le groupe avait communiqué sur l’impact défavorable du déploiement du système ERP (SAP) dans la moquette commerciale. Il s’avère que, suite à ce déploiement, la montée en puissance de la production prend plus de temps qu’initialement prévu. Par ailleurs, les ventes de Lexmark sont en repli. De ce fait, le ...

Eric Lemarie

TARKETT: Q4 EBITDA warning | NEUTRAL | EUR15 vs. EUR18 (+9%)

TARKETT - NEUTRAL | EUR15 vs. EUR18 (+9%) Q4 EBITDA warning Negative impact from ERP implementation on Q4 NAM revenues New guidance (again) for FY 2019 EBITDA New clean EBITDA revised by 10% in 2019e and -8% in 2020e Neutral maintained but FV revised again (EUR15 vs EUR18)

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior