Tarkett: 2019 net attributable income down almost 20%
(CercleFinance.com) - Announced on Thursday evening, Tarkett's FY 2019 net attributable income came in at 39.
6 million euros, down 19.7% compared to 2018. However, revenues were better, at slightly under 3 billion euros (+5.5%). Adjusted EBITDA before the application of IFRS16 was pretty much stable (+0.3%, at 249.5 million euros).
"The Group is pursuing its strategic initiatives to grow its top line and restore its profitability, including a cost reduction program which aims at delivering E30 million of savings in 2020. Tarkett aims at increasing its adjusted EBITDA margin in 2020," Tarkett said regarding its outlook.
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