Tarkett (TKTT) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 net revenue was €996 million, a decrease of -0.6% year-over-year, with organic sales down -1.6% amid weak market conditions in most regions.

• Adjusted EBITDA for 2025 is now expected to be close to 2024's €329 million, revised down from the initial €360 million target due to continued market sluggishness and a weak US dollar.

• A public buy-out offer resulted in the controlling shareholder holding 97.11% of shares; an appeal is pending.

Financial highlights

• Q3 2025 revenue: €996 million, down -0.6% from Q3 2024; organic decline of -1.6%.

• Selling prices remained broadly stable, with a -0.3% change year-over-year.

• 9M 2025 revenue: €2,569.4 million, up +0.3% year-over-year; organic decline of -0.8%.

Outlook and guidance

• Residential markets in Europe and the US remain very slow, with no short-term recovery expected.

• Commercial segments, nearly 80% of business, are more resilient but show no signs of demand recovery.

• Sports segment remains buoyant, but North America faces project delays; artificial turf installations expected to decline slightly for the year.

• Adjusted EBITDA for 2025 forecasted to be close to 2024's €329 million, down from the earlier €360 million target.