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

Q1 2020 Tarkett SA Earnings Call Transcript

Apr 29, 2020 / 09:00AM GMT

Release Date Price: €8.51 (-1.16%)

Transcript

Fabrice BarthÃ;lemy

Tarkett S.A. - Chairman of Management Board & CEO

© -

This is Fabrice BarthÃÂ©lemy speaking. Let me start with a word of hope. I hope you and your families are doing well in these challenging times. That doesn't make your work any easier, I believe. So I hope you're all well. I will share this presentation today with RaphaÃÂ«l Bauer, our CFO.

Without any more introduction, I'd like to turn on directly into the -- our Q1 numbers. You saw that our sales -- reported sales were down 2.2% versus Q1 2019, and that is 2.9% organically versus last year. We had a rather promising start of the quarter in all regions, and we experienced a very sharp drop of activity as of mid-March in several regions, mostly in Europe and mainly in the south part of Europe where activity was severely reduced as of mid-March, but the rest of Europe, Germany and the Nordics, carried on pretty well. So mostly Italy, Spain and France were affected. We were affected also as of mid-March in certain geographies in North America, although we had a very promising start of the year.

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