Tarkett Group Net Sales Rose 2.0% YOY in Q2
Paris, FR, July 20, 2021-Tarkett Group’s first half 2021 net sales rose 2.0% YOY to €1,261,200,000.
Adjusted EBITDA was €112.7million in H1 2021, or 8.9% of net revenues (versus 8.6% in H1 2020), as margin recovery was impeded by inflation in purchasing and freight costs in Q2.
The company reports that recovery remains muted due to slow improvement in workplace and hospitality. In addition, inflation in purchasing costs and raw material shortages accelerated recently, resulting in a negative inflation impact now estimated at €130 million in 2021 (versus €100 million anticipated in April).
For Q2 2021, North American sales were $192,000,000, compared to $161,600,000 in Q2 2020, organic growth of 28.7%.
Q2 2021 sports segment slid 10.7% to $208,900,000.