Tarkett (TKTT) Q1 2025 earnings summary

Executive summary

• Q1 2025 net sales reached €669.8 million, up 0.2% year-over-year, with organic sales down 1.7%.

• Growth in all segments except North America, which declined due to delayed distribution platform consolidation.

• Sports segment showed strong reported growth, boosted by acquisitions and stable demand.

Financial highlights

• EMEA sales rose 2.3% to €226.4 million, with organic growth of 1.9%.

• North America sales fell 15.6% to €167.8 million, with a 12.3% organic decline.

• CIS, APAC & Latin America sales increased 1.5% to €108.4 million, with 2.0% organic growth.

• Sports sales grew 18.4% to €167.3 million, with 3.8% organic growth and 11.3% from acquisitions.

• Sales prices remained stable overall, down 0.6% year-over-year.

Outlook and guidance

• No significant improvement in construction and renovation market indicators; flooring market not expected to recover in 2025.

• Sports segment fundamentals remain solid, especially in North America.

• Group ready to adjust production and costs if demand weakens due to economic slowdown or inflation.

• Medium-term confidence in operational and financial turnaround continues.