Tarkett hits record sales and profitability in first half of 2016
27th July 2016
In particular, North America (+7.9%), EMEA (+5.7%) and Sports (+11.7%) segments continued on a solid upward trend, reaching record sales. The CIS, APAC & LATAM segment declined organically by -7.9%, mainly due to the still depressed economic situation in the CIS countries.
Commenting on the financial results, CEO Michel Giannuzzi stated: “We are extremely pleased that both net sales and profitability have strongly improved in the first half of 2016. Tarkett reaped the benefits of restructuring actions taken over the previous years, effective ongoing productivity initiatives, still favorable raw material prices and additional sales volumes(...). The Group’s strong performance in the first half demonstrates the relevance of our strategy and balanced business model with multiple geographies, product categories and market segments.”
For more advanced figures and full geographic breakdown, visit our corporate website.