Tarkett's North American Business Declined 8.5% YOY in Q4

Paris, France, March 5, 2024-Tarkett reported revenue in Q4 2023 declined 2.4% compared to 2022 due to unfavorable currency effects, but organic growth of 4.1% driven mainly by strong activity in the sports segment.

For Q4, the North American flooring business declined 8.5% YOY to 202.7 million Euros, while the sports segment rose 11.8% to 215.1 million Euros.

The company reports that revenue for 2023 was to 3.4 billion Euros, stable compared to 2022, at a 0.1% increase, but organic growth reached 4.5%, taking into account rising volumes in sports and the positive effect of the selling price increases implemented in 2022.

The net profit (group share) for 2023 was 20 million Euros, compared to a loss of 27 million Euros in 2022.