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Tarkett
Q3 2022 revenue:
Turnover growth driven by solid performance in Sports and sales price increases
Volume stable compared to Q3 2021 despite a slowdown in demand in some segments
Third quarter 2022 results
Strong revenue growth of +24.2% compared to Q3 2021, of which +11.9% from sales price increases, +12.2% from currency effects and stable volume as growth in Sports offsets slowdown in EMEA and CIS
In EMEA, business volume down compared to Q3 2021 due to slowing demand and destocking in the distribution chain
Moderate volume growth in North America in a less dynamic market than in the first half
Stabilised levels of activity in the CIS at approximatively -25% and continued growth in Asia and Latin America
Very good level of activity in Sport, with organic growth of over 30% for the third consecutive quarter
Rising sales prices and positive inflation balance despite increase in energy prices
Paris, 25 October 2022: The Supervisory Board of Tarkett (Euronext Paris: FR0004188670 TKTT), which met today, reviewed the Group’s consolidated revenue for the third quarter of 2022.
The Group uses alternative performance indicators (not defined under IFRS), described in detail in the appendix:
Revenue in millions of euros
Q3 2022
Q3 2021
Change
Of which organic growth
Organic change including price changes in CIS (1)
EMEA
220.4
217.4
+1.4%
+2.7%
+2.7%
North America
251.4
194.1
+29.5%
+11.5%
+11.5%
CIS, APAC & Latin America
191.1
164.1
+16.5%
-13.8%
-1.5%
Sports
342.5
233.9
+46.4%
+30.5%
+30.5%
Total Group
1,005.4
809.4
+24.2%
+9.7%
+12.0%
(1) Selling price adjustments in the CIS countries are historically intended to offset currency movements and are therefore excluded from the “organic growth” indicator (see Appendix 1). In 2021 and 2022, significant price increases have been implemented to offset the effects of purchase price inflation, and therefore the Group also measures the change in like-for-like sales including price adjustments in the CIS countries.
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