Q1 2025 sales: Organic sales slightly down, impacted by launch of new distribution platform in North America Growth in other segments in an uncertain environment

Core Insights - Tarkett's Q1 2025 sales reached 670 million euros, reflecting a slight increase of +0.2% compared to Q1 2024, with an organic sales decline of -1.7% [2][4][16] - The North America segment experienced a significant drop in sales, down -15.6% compared to the previous year, primarily due to delays in the launch of a new logistics platform [5][4] - The EMEA segment showed resilience with a +2.3% increase in sales, driven by growth in commercial segments despite a challenging macroeconomic environment [3][4] Sales Performance by Region - EMEA: Sales amounted to 226.4 million euros, up +2.3% year-over-year, with organic growth of +1.9% [3][4] - North America: Sales were 167.8 million euros, down -15.6%, with an organic decline of -12.3% [5][4] - CIS, APAC & Latin America: Sales reached 108.4 million euros, up +1.5%, with organic growth of +2.0% [6][4] - Sports Segment: Sales increased to 167.3 million euros, up +18.4%, with organic growth of +3.8% [7][4] Market Outlook - The company does not anticipate a recovery in the flooring market for 2025, as leading indicators for construction and renovation markets have not shown significant improvement [8][10] - The Sports segment fundamentals remain strong, particularly in North America, supported by the need for sports facilities and available financing [8][10] Strategic Considerations - Tarkett's local production strategy mitigates direct exposure to US tariff increases, although the political and macroeconomic context introduces uncertainty [9][10] - The company is prepared to adjust production levels and cost structures in response to potential demand fluctuations due to economic slowdowns or inflation [10][9] Corporate Developments - Tarkett Participation, the controlling shareholder, has filed a draft public buyout offer, with ongoing work by an independent expert and ad hoc committee [11]