Tarkett SA (FRA:1T9)
€ 10.45 0 (0%) Market Cap: 697.91 Mil Enterprise Value: 1.30 Bil PE Ratio: 19.76 PB Ratio: 0.77 GF Score: 70/100

Q3 2019 Tarkett SA Earnings Call Transcript

Oct 24, 2019 / 09:00AM GMT
Release Date Price: €13.55 (-0.88%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to Tarkett Q3 Results 2019 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions) I would like to hand the conference over to your speaker today, Mr. Fabrice Barthélemy, the CEO. Thank you. Please go ahead, sir.

Fabrice BarthÃ;lemy
Tarkett S.A. - Chairman of Management Board & CEO

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Good morning and thank you for attending our Q3 call. I'll share this call this morning with Raphaël Bauer, our CFO.

Let's go straight into the facts and numbers with a few highlights for Q3 2019. In Q3, our sales grew 8%, of which 2.6% organic growth. Perimeter amounted to about 2% and the favorability of exchange rates with more than 3%.

The growth, organic growth, was driven by our Sports activities, but also we recorded stable sales in EMEA, in CIS, in Asia Pacific and Latin America with better trends in Q3 than in Q2. Adjusted EBITDA improved by EUR 10 million compared to the last year, of which positive EUR

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