Q1 2021 Tarkett SA Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Tarkett Q1 2021 Results Call. (Operator Instructions) Please be advised today's conference is being recorded. (Operator Instructions)
I would now like to turn the conference over to your first speaker today, Tarkett's CEO, Fabrice Barthélemy. Please go ahead.
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Good morning, and thank you for joining this quarter ending this call. This is Fabrice Barthélemy speaking. On the call this morning, I will be with Raphaël Bauer, our CFO.
Thank you for joining, and I know the call has been anticipated. As we know, we've anticipated the Q1 release, so as to have it sync with another announcement we've made on Friday. So of course, I will start with a few words on the current trading, and I will also give you more details on the simplified tender offer.
Our sales in Q1 are down 8.5% compared to last year. This is actually 3.8% down on an organic basis compared to 2020 as the exchange rates, I
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