Q3 2020 Tarkett SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to Tarkett Third Quarter 2020 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today.
I would now like to hand the conference over to your speaker today. Mr. Fabrice Barthélemy. Please go ahead, sir.
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Good morning, and thank you to join our call today. On this call, I will be with Raphaël Bauer, our CFO. First, let me introduce the highlights of our results for Q3. We are very pleased by these results that show a sharp sequential improvement over Q2 2020. As expected, our sales are down versus last year, 14% as reported or 10.5% on a like-for-like basis. This was expected, but still represent a very significant improvement compared to Q2 that were -- that was at minus 20%. We are particularly satisfied by our performance in terms of EBITDA and margin, with the EBITDA margin up 250 basis points at 15.2%, and an EBITDA in value slightly above Q3
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