• Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • PRODUCTS
  • A&D
  • INSTALLATION
  • MARKETS
  • AWARDS
  • EDUCATION
  • BUYER'S GUIDE
  • MEDIA
  • EMAGAZINE
  • SIGN UP
cart
facebook twitter linkedin youtube
  • NEWS
  • Breaking Flooring News
  • eNewsletters
  • PRODUCTS
  • Carpet & Area Rugs
  • Hardwood
  • Installation Products
  • Installation Tools & Equipment
  • Laminate
  • Resilient
  • Specialty
  • Tile & Stone
  • MARKETS
  • Commercial
  • Residential
  • AWARDS
  • Installation Awards
  • Top Flooring Products
  • EDUCATION
  • Continuing Education
  • Webinars
  • MEDIA
  • FLOOR Podcast
  • Videos
  • TISE 2025 Videos
  • eBooks
  • EMAGAZINE
  • eMagazine
  • Archive Issues
  • Contact
  • Advertise
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
    • Breaking Flooring News
    • eNewsletters
  • PRODUCTS
    • Carpet & Area Rugs
    • Hardwood
    • Installation Products
    • Installation Tools & Equipment
    • Laminate
    • Resilient
    • Specialty
    • Tile & Stone
  • A&D
  • INSTALLATION
  • MARKETS
    • Commercial
    • Residential
  • AWARDS
    • Installation Awards
    • Top Flooring Products
  • EDUCATION
    • Continuing Education
    • Webinars
  • BUYER'S GUIDE
  • MEDIA
    • FLOOR Podcast
    • Videos
    • TISE 2025 Videos
    • eBooks
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP
Breaking Flooring News

Tarkett Announces a Significant Increase in Sales and a Strong Improvement in Margins

Tarkett logo
February 22, 2013

Tarkett announced recently its 2012 results.

The acquisition of Tandus, a specialist in commercial carpet flooring in North America, finalized in September, marks one of the major events of 2012.

"The acquisition of Tandus strengthens our position as a leading global flooring provider, through expanding our offer of integrated solutions into the commercial carpet market in North America. This strategic step also allows us to balance our sales footprint and benefit from the recovery in North America," explains Michel Giannuzzi, CEO of the Tarkett Group.


With Tandus, the Group marked a major milestone in its development in North America, doubling its activity in professional segments and achieving total sales of $1 billion (including sports surfaces). Tarkett now has a well balanced geographic presence between emerging countries (36% of turnover2), North America (33%) and UE and other OECD countries (31%).

Highlights of Tarkett’s 2012 results:
 

1) 11% increase in revenues
Tarkett recorded a significant increase in sales, up from €2.1 billion in 2011 to €2.3 billion in 2012, driven by organic growth (4.6%), acquisitions (3.6%) and the favorable impact of exchange rates (2.8%).


Organic growth was mainly driven by dynamic markets in emerging countries (+12%), particularly in Eastern Europe, South America and Asia. Tarkett also doubled its turnover in China. Sales in North America grew 5%, following the start of economic recovery in the United States.

In a variable economic environment, revenues in Europe showed a slight decrease of 1%. A good performance in Germany and the UK helped offset a decline in France and in Southern European countries.

Sales of sports surfaces (artificial turf and running tracks) increased by 9%, benefiting from a notable recovery in North America, while European markets remained highly depressed, especially in Spain.

2) A strong recovery in margins
EBITDA before unusual items increased by 36% to €260 million. The EBITDA margin increased by two points and represented 11.2% of sales. Stability in raw materials prices and productivity gains in manufacturing were primary factors in the increase in EBITDA margin, complemented by the improvement in Tarkett Sports Division and the contribution of Tandus.

Net income amounted to €85 million (3.7% of sales).
 

3) A solid financial position
Operational cash-flow grew to €223 million. This increase was achieved by a significant improvement in net working capital, in particular through the reduction in average receivables from Eastern European customers and good inventory control.


At the same time, the Group has pursued a major investment program, amounting to €84 million. These investments have focused on major industrial programs such as the implementation of a new production line in Russia and increased manufacturing capacity in modular flooring. In addition, the Group continued the deployment of SAP across its operations.


The Group's net debt, €452 million at the end of 2012, represents a ratio identical to that of 2011 - 1.7 x EBITDA. Tarkett has not paid dividends to shareholders in 2012, in order to devote resources to the Tandus acquisition. "We approach 2013 cautiously in Europe, but with confidence in our ability to generate growth in emerging countries and in North America. Our low level of debt will enable us to continue our policy of targeted acquisitions " concludes Michel Giannuzzi.
 

KEYWORDS: commercial carpet Tarkett

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • resilient flooring

    The 7 Types of Resilient Flooring

    The resilient flooring category is comprised of many...
    Resilient Flooring
    By: Resilient Floorcovering Institute
  • QuickDrain USA’s ShowerLine linear drain

    Tips for Curbless Shower Installation Using a Linear Drain

    Consider these four tips when planning for a curbless...
    Flooring Installation
    By: Darryl Jones
  • 2024 New Flooring Product Guide

    2024 New Flooring Products Guide

    We explore this year's introductions in area rugs,...
    Commercial Flooring
    By: FLOOR Trends & Installation Editors
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eMagazine
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the FLOOR Trends & Installation audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of FLOOR Trends & Installation or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • Woodura Herringbone 2.0
    Sponsored byBjelin

    The Herringbone Floor of the Future

Popular Stories

Fishman Knoxville Tennessee location interior

From Tariff Talk to Trade Labor: Fishman's West Region Manager on Flooring Industry Challenges

salesperson meeting with clients

How to Dominate Flooring Sales: The Art of Listening Before Selling

Mimi Mulugeta and Michael Barrows

Military Vet Trades Retirement for New Flooring Venture in Alpharetta


Download the Free Moisture Meters Guide

Events

December 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Poll

Growth Challenges in the Flooring Industry

What’s holding you back from growth in 2025?
View Results Poll Archive

Products

2025 BNI Interiors Square Foot Costbook

2025 BNI Interiors Square Foot Costbook

See More Products

FLOORtalk podcasts - Listen Now

Related Articles

  • logo

    Housing Affordability Will Remain a Significant Challenge in 2022

    See More
  • Interface logo

    Interface Reports 15% Increase in Orders, 14% Increase in Sales in 1Q

    See More
  • Southwest Flooring Market

    Flooring Markets Reports Significant Increase in January Market Attendance

    See More

Related Products

See More Products
  • WoodFlooring_383x497.png

    Wood Flooring: A Complete Guide to Layout, Installation & Finishing

See More Products

Related Directories

  • In Home Flooring

    In Home Flooring offers residential homeowners a wide range of flooring options. Flooring Services in Denver include Carpet Installation, Laminate Flooring Installation, Vinyl Flooring Installation, Hardwood Flooring Installation, and Tile Flooring Installation. To ensure that your style and budget are met, I will work closely with you to find the right flooring solution. See why In Home Flooring is Denver's most dependable flooring company by contacting us today!
×

We’re rolling out the red carpet of flooring knowledge!

Stay in the know on the latest flooring retail trends.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Instagram
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing

search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
    • Breaking Flooring News
    • eNewsletters
  • PRODUCTS
    • Carpet & Area Rugs
    • Hardwood
    • Installation Products
    • Installation Tools & Equipment
    • Laminate
    • Resilient
    • Specialty
    • Tile & Stone
  • A&D
  • INSTALLATION
  • MARKETS
    • Commercial
    • Residential
  • AWARDS
    • Installation Awards
    • Top Flooring Products
  • EDUCATION
    • Continuing Education
    • Webinars
  • BUYER'S GUIDE
  • MEDIA
    • FLOOR Podcast
    • Videos
    • TISE 2025 Videos
    • eBooks
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP