The results for 2019 are average to say the least (organic growth of +0.7%) and a meagre €0.58 EPS (2018: €0.77). On the positive side, the free cash flow before dividend looks massive at €244m (€3.83/share), up from €-33m last year, but half of this counts as window dressing. The shareholder is confronted with a sudden dividend cut to €0.24 (€0.60 promised) but, at last, a healthy net debt ratio in return.
14 Feb 2020
Great cash generation but sacrificing the dividend in return for a healthier balance sheet
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Great cash generation but sacrificing the dividend in return for a healthier balance sheet
Tarkett SA (TKTT:PAR) | 0 0 0.6% | Mkt Cap: 1,879m
- Published:
14 Feb 2020 -
Author:
Wouter De Blaere -
Pages:
3
The results for 2019 are average to say the least (organic growth of +0.7%) and a meagre €0.58 EPS (2018: €0.77). On the positive side, the free cash flow before dividend looks massive at €244m (€3.83/share), up from €-33m last year, but half of this counts as window dressing. The shareholder is confronted with a sudden dividend cut to €0.24 (€0.60 promised) but, at last, a healthy net debt ratio in return.