The company posted poor results because of pricing pressure from raw materials (plastic, polymers, nylon) and was unable to pass this on to customers in Q1, as well as FX headwinds, while organic growth was only a mere 0.1%. Moreover, the high base in Europe in Q1 17 and negative calendar effect did not help. Q1 EBITDA was down to €29.8m from €51.5m in Q1 17, well below the €37-48m consensus range.
26 Apr 2018
Q1 18: disappointing results provides an entry point
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Q1 18: disappointing results provides an entry point
Tarkett SA (TKTT:PAR) | 0 0 0.6% | Mkt Cap: 1,879m
- Published:
26 Apr 2018 -
Author:
Felix Brunotte -
Pages:
4
The company posted poor results because of pricing pressure from raw materials (plastic, polymers, nylon) and was unable to pass this on to customers in Q1, as well as FX headwinds, while organic growth was only a mere 0.1%. Moreover, the high base in Europe in Q1 17 and negative calendar effect did not help. Q1 EBITDA was down to €29.8m from €51.5m in Q1 17, well below the €37-48m consensus range.