Fierce competition, acquisition costs take toll on Domco Tarkett’s fiscal year results

FARNHAM, QUEBEC -- Domco Tarkett Inc. has released consolidated financial results that show a mixed sales and earnings performance for the fiscal year ended Dec. 31, 2000.

The company cautioned that any comparative analysis of the 2000 and 1999 financial statements must factor in the significant impact of the acquisition of Tarkett North America Holding Inc. (Tarkett NA) that was completed on July 30, 1999. Therefore, a comparative analysis between consolidated financials 2000 and combined financials 1999 -- after excluding the transactions between the two corporations -- is more meaningful than a comparison between the corporation's 1999 and 2000 consolidated statements, Domco Tarkett said.