h2. Key information: • Net sales up 12.4% to €2,715m and down 0.3% on a lfl basis: scope effect +9.0% and currency effect of 7.2% excluding CIS and -3.4% from the CIS. • Adjusted EBITDA increased by 3.7% to €285m. • Adjusted EBITDA margin at 10.5% vs 11.4% in 2014 because of the negative developments in emerging countries (the CIS, APAC & LatAm division). • Net profit up by 36% to €83m. • Net debt/adjusted EBITDA at 1.7x vs 2.0x at end of 2014. &bul
24 Feb 2016
Good set of results but below our estimates
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Good set of results but below our estimates
Tarkett SA (TKTT:PAR) | 0 0 0.6% | Mkt Cap: 1,879m
- Published:
24 Feb 2016 -
Author:
Felix Brunotte -
Pages:
4
h2. Key information: • Net sales up 12.4% to €2,715m and down 0.3% on a lfl basis: scope effect +9.0% and currency effect of 7.2% excluding CIS and -3.4% from the CIS. • Adjusted EBITDA increased by 3.7% to €285m. • Adjusted EBITDA margin at 10.5% vs 11.4% in 2014 because of the negative developments in emerging countries (the CIS, APAC & LatAm division). • Net profit up by 36% to €83m. • Net debt/adjusted EBITDA at 1.7x vs 2.0x at end of 2014. &bul