Tarkett AG
Tarkett AG: 1st quarter 2006 results
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Tarkett AG: 1st quarter 2006 results
Frankenthal.- For the 1st quarter 2006, Tarkett AG reports a turnover of
445.2 million Euro compared to 357.5 million Euro in the same period 2005.
This corresponds to an increase of 24.5 % and 7,1 % at constant exchange
rates and comparable structure.
Turnover development by product segment, at constant exchange rates and
same structure (figures at current exchange rate in brackets) was as
follows: sales in Resilient Flooring went up by 8,5 % (+ 15,5 %) .
Commercial and , to a lesser extent Residential product ranges contributed
to that positive development. Wood decreased by 3.2 % (+ 4,3 %) mainly due
to lower sales in North America.
Laminate continued its growth trend with a strong plus of 38.1 % (48 %).
Sales by region and market at constant exchange rates and same structure
(figures at current exchange rates in brackets) developed as follows: In
Western Europe , as a result of a difficult market environment in France
and Germany and a more favourable one in Scandinavia and South Europe,
sales went up by 4,7 % (4 %). Once again, Eastern Europe including Russia,
showed a double-digit growth of 19.8 % (19.7 %). North America stayed
constant with an 0,2 % plus in sales. The plus of 72 % at current exchange
rates reflects the acquisition of the Johnsonite and Fieldturf business.
EBITA for the 1st quarter 2005 amounted to 17 million Euro, an increase of
3,7 % compared to the 16.4 million Euro achieved in the same period 2005.
This development is mainly attributable to the ongoing margin squeeze
especially for our Western Residential products range due to the ongoing
material price increases and the fierce price competition.
Tarkett AG’s net profit for the 1st quarter 2006 amounted to 9 million
Euro, compared to 8.6 million Euro for the 1st quarter 2005.
The already mentioned increase in raw material prices will continue to be a
challenge for the company’s future profitability. Tarkett AG will react to
this with further adjustments in its sales prices and additional measures
to reduce indirect costs as well as the implementation of programs to
increase productivity.
(c)DGAP 26.06.2006
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Language: English
Issuer: Tarkett AG
Nachtweideweg 1 – 7
67227 Frankenthal Deutschland
Phone: +49 (0)623 381-0
Fax: +49 (0)623 381-1500
E-mail: harald.schueren@tarkett.com
WWW: www.tarkett.com
ISIN: DE0007002008
WKN: 700200
Indices:
Listed: 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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