The flooring manufacturer Tarkett announced Wednesday that on an exceptional basis, it was removing the dividend expected in 2020, to protect its cash flow in the context of the crisis linked to the Covid-19 pandemic.
"In an uncertain economic context, we are implementing all the actions necessary to protect our cash flows (cash flow, editor's note) and adapt the group to this new environment," said Tarkett in a press release.
The group adds that "during this period, (he) will rigorously control its costs, its working capital requirement and its capital expenditure".
Tarkett's management will propose "exceptionally (...) the abolition of the dividend of 0,24 euro per share paid in 2020 which had been initially announced" in February. The proposal will be submitted to the general meeting of shareholders on April 30.
The group adds that it "remains fully committed to the execution of its strategic initiatives, and in particular its cost reduction program, to achieve its medium-term financial objectives".
Selection of products
To read also
-
Malerba moves into its new headquarters
-
Etex France Building Performance on its way to becoming a Mission-Driven Company
-
After its acquisition by Spurgin, Activ'Home scaled up its production to an industrial level
-
10 years of expertise: Griffon Education reaches a milestone and unveils its ambitions for the future
Popular News
-
Business failures: nearly 17.500 cases in the second quarter of 2026, up 5,4%
-
Solar panels: Creuse, Ain and Vosges show the strongest increases in installations in France
-
Montparnasse Tower: Asbestos removal project put to a vote despite conflicts between co-owners
-
Fires in Gironde: UNICEM calls for a case-by-case resumption of activities in the materials sector
Publi-editorial
-
OXI thermal range: neither hot nor cold, find the right solution
-
Home renovation: understanding how the Effy energy bonus works
-
Optimize your project management with the SANCOL reinforced drainage range, which has received Technical Approval and QB certification.
-
Obligation and safety: the role of the manufacturer's plate on construction sites