Tarkett AG
Tarkett AG: Financial results 2005
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The issuer is solely responsible for the content of this announcement.
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President Tarkett AG
Date 3rd May 2006
Tarkett AG: financial results 2005
Frankenthal.- For the business year 2005, Tarkett AG recorded a turnover of
€ 1,622 million compared to € 1,436,8 million in the reference period 2004.
This corresponds to an increase of 12.9 % at current exchange rates and 6.1
% at constant exchange rates and same perimeter.
Sales by product segments and at current exchange rates (figures at
constant exchange rates in brackets) developed as follows: sales in the
Resilient Flooring segment increased by 9.7 % (2.5 %), with both divisions
contributing to this growth. Resilient Residential grew by 7.1 % (6.7 %),
while Resilient Commercial achieved an increase of 12 % (-1.1 %). Wood also
reports a plus of 2.2 % (2.3 %). Once again, Laminate was able to continue
its strong growth trend and came in with a disproportionate increase of
51.6% (50.4%).
Sales by regions and markets and at current exchange rates (figures at
constant exchange rates in brackets) developed as follows: driven by the
sales contribution coming from the acquisition of Marley as well as the
positive development in Scandinavia and South Europe, West Europe showed an
increase of 7.7 % (2.5 %). Once again, the turnover in East Europe,
including Russia, continued its strong growth – this time by 25.4 % (25.2
%) and mainly in the Residential segment. Sales in North America grew by
17.4 %, which is mainly attributable to the acquisition of 71 % of the
shares in Fieldturf. At constant exchange rates, this region was able to
record an increase of 3.9 %.
The Group’s EBITA for 2005 amounted to € 93.8 million compared to € 97.3
million reported for 2004. This development is mainly attributable to the
continued high raw material prices for resilient products. Price increases
could only partially neutralize this negative impact.
However, Tarkett was able to increase its net profit from € 42.5 million in
2004 to € 57.8 million for the business year 2005. This improvement is
largely due to the fact that IFRS does not allow the recognition of
goodwill amortisation from 2005 onwards, which accounted for 13,4 Meuro in
2004.
In the light of the continued tense situation prevailing in the market for
raw materials, Tarkett is going to intensify its already initiated
cost-saving programs and measures to optimize its productivity. In addition
to this, the company will continue its strategy with a focus on innovation,
growth markets and increased productivity.
Tarkett AG, D-67225 Frankenthal, President and CEO
Phone: +49-62 33-81 14 50, Fax: +49-62 33-81 16 48,
Mobile: +49 (0) 175-5 40 33 31,
(c)DGAP 04.05.2006
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language: English
emitter: Tarkett AG
Nachtweideweg 1 – 7
67227 Frankenthal Deutschland
phone: +49 (0)623 381-0
fax: +49 (0)623 381-1500
email: harald.schueren@tarkett.com
WWW: www.tarkett.com
ISIN: DE0007002008
WKN: 700200
indexes:
stockmarkets: Amtlicher Markt in Frankfurt (General Standard); Geregelter
Markt in Berlin-Bremen; Freiverkehr in Hannover, Düsseldorf,
Hamburg, München
End of News DGAP News-Service
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