Tandus Helps Tarkett Grow Income, Sales
Paris, France, Feb. 18, 2014 -- Paris, France, Feb. 18, 2014 -- Tarkett announced that its net profit was up 18.5% in 2013 to 99.1 million euros.
Revenues in 2013 totaled 2.5 billion euros, up 9.8%, with a 3.3% increase in organic growth, excluding the impact of the acquisition of Tandus.
The company said it maintained a positive momentum in emerging markets as well as in North America, and fully benefitted from the recovery of sports surfaces markets.
CEO Michel Giannuzzi said, "The Group benefitted from the positive impact of the acquisition of Tandus in North America and sustained organic growth in its main markets and segments. Thanks to its balanced worldwide presence, diversified
flooring products portfolio and efficient industrial base, Tarkett was able to capture growth in the most dynamic regions of the world."