Tarkett Posts Growth of 1.7% Globally in '16, and 3.7% in NA

Paris, FR, February 13, 2017—Tarkett reported sales of €2,739 million for FY 2016, up 0.9% over FY 2015’s €2,714.8 million and an organic growth of 1.7%.

Net profit attributable to owners of the company totaled €119 million, a 42% increase from 2015’s €83 million, and dividend per share rose to €0.60 in 2016 from 2015’s €0.52, a 15.3% increase.

North American sales were €816.7 million in FY 2016 versus €771.2 million in FY 2015, an increase of 5.9%.

In North America, organic sales grew by 3.7% in 2016. Activity was strong in the commercial sector despite weaker demand for carpet in the office sector during the second semester. Rubber and accessories performed very well while volumes in the VCT (Vinyl Composition Tiles) category are back to normal.

Luxury Vinyl Tiles (LVT) continue to grow at a fast pace in North America as well, and Tarkett will keep investing in this category in 2017 in order to pursue its development.

Reported sales increased by 5.9% due to the reclassification of certain of Desso EMEA’s sales.

Adjusted EBITDA margin strongly improved, to 13.8% as compared with 10.9% in 2015, thanks to higher volumes, greater operational efficiency, and favorable raw material prices.