Mission Statement, Vision, & Core Values (2025) of Tarkett S.A.

An Overview of Tarkett S.A.

General Overview of Tarkett S.A.

Tarkett S.A., founded in 1880, is a global leader in flooring and sports surface solutions. The company operates in over 100 countries and employs approximately 13,000 people. Tarkett is widely recognized for its innovative and sustainable flooring products, which include vinyl, linoleum, carpet tiles, and synthetic turf.

As of 2024, Tarkett reported €3.3 billion in sales, showcasing its strong position within the flooring market. The company caters to both residential and commercial sectors, providing tailored solutions for various applications including healthcare, education, and retail.

Company's Financial Performance in Latest Reporting Period

In its latest financial report for Q1 2024, Tarkett achieved record-breaking revenues of €900 million, an increase of 12% compared to the same period last year. Notably, sales from its main product lines, such as resilient flooring and wood flooring, accounted for a significant portion of this revenue, with resilient flooring alone generating €550 million.

Market growth was evident across both Europe and North America, with revenues from these regions contributing approximately 75% of total sales. Tarkett's growth can also be attributed to its continuous investment in R&D, enabling the launch of innovative products that meet evolving consumer demands.

Tarkett as a Leader in the Industry

Tarkett stands out as one of the leading companies in the flooring industry, celebrated for its commitment to sustainability and innovation. The company has pioneered a circular economy approach, resulting in the development of products that are not only high-quality but also environmentally friendly.

With its expansive product portfolio and a strong focus on research and development, Tarkett maintains a competitive edge in the market. Its proven track record and ongoing success underline the importance of its core values in achieving long-term growth.

To understand more about Tarkett's strategies and continued success in the flooring industry, it is recommended to delve deeper into their mission statements and core values.

Mission Statement of Tarkett S.A.

Mission Statement Overview

Tarkett S.A. aims to be a leader in the flooring and wall solutions market, focusing on sustainability, quality, and innovation. The mission statement emphasizes the company's commitment to providing high-quality flooring solutions that improve well-being, with a vision for a sustainable future.

Core Component 1: Quality Products

Tarkett is dedicated to delivering products that meet the highest standards of quality. The company’s product range includes vinyl, wood, and laminate flooring, as well as textile and rubber flooring solutions. According to the latest data, Tarkett generated revenues of €3.2 billion in 2022, reflecting strong demand for its quality flooring solutions.

The company invests significantly in R&D to enhance product quality. In 2021, Tarkett allocated approximately €50 million to research and development activities, contributing to innovations such as the iD Inspiration range, which features products made from recycled materials.

Core Component 2: Sustainability Commitment

Sustainability is a key pillar of Tarkett's mission. The company has set ambitious targets to reduce its carbon footprint and promote circular economy principles. As of 2023, Tarkett reported a 40% reduction in CO2 emissions since 2010, aiming for a further 30% reduction by 2030.

Tarkett’s environmental strategy includes using recycled materials. Currently, 25% of the raw materials used in their products come from recycled sources. The company also aims for all its products to be recyclable or reusable by 2030.

Core Component 3: Innovative Solutions

Innovation is at the heart of Tarkett’s mission. The company develops cutting-edge products tailored to evolving customer needs. In 2022, Tarkett launched over 100 new products, including eco-friendly options that utilize bio-based materials. Such innovations contribute to increased market competitiveness and customer satisfaction.

The investment in innovation is evident, with Tarkett's annual spending on new product development reaching 1.5% of total sales. This focus on R&D ensures the continuous improvement of product offerings and services.

Vision Statement of Tarkett S.A.

Vision of Tarkett S.A. for 2024

Tarkett S.A. envisions itself as a leader in sustainable flooring solutions, integrating innovation and design with environmental responsibility. The company's aim is to anticipate and meet the evolving needs of customers while addressing global environmental challenges.

Commitment to Sustainability

Tarkett's vision emphasizes a robust commitment to sustainability. The company targets to achieve a 50% reduction in its greenhouse gas emissions by 2030, compared to 2010 levels. This initiative aligns with their broader goal of becoming a circular economy leader within the flooring industry.

Innovation and Design Leadership

Innovation is at the core of Tarkett's vision. The company invests approximately 5% of its annual revenue in research and development to foster new product designs and manufacturing processes. In 2023, Tarkett introduced over 30 new products that incorporate advanced sustainability features, such as recycled materials and eco-friendly production methods.

Global Reach and Local Impact

Tarkett aims to strengthen its global presence while maintaining local responsiveness. The company operates in over 100 countries and produces goods in 30 manufacturing sites worldwide. Tarkett's strategy involves tailoring solutions to meet regional market demands, thereby enhancing customer satisfaction.

Customer-Centric Approach

The vision statement also reflects Tarkett's dedication to its customers. In 2023, the company reported a 90% customer satisfaction rate, indicating strong performance in meeting client expectations. This focus on customer service is crucial for fostering long-term relationships and driving repeat business.

Commitment to Social Responsibility

Tarkett's vision includes a strong focus on social responsibility, reflected in their initiatives to enhance community engagement and employee welfare. In 2023, the company increased its community investment to over €4 million, aimed at educational programs and local development projects.

Future Growth and Market Position

Looking forward, Tarkett seeks to expand its market position and drive growth through strategic acquisitions and partnerships. The company reported a revenue of €3.12 billion in 2022, indicating a growth rate of 8% compared to the previous year. Tarkett's ongoing expansion is projected to propel its revenue to approximately €3.5 billion by 2024.

Core Values of Tarkett S.A.

Customer Centricity

Tarkett S.A. prioritizes customer needs and satisfaction, driving the company's innovation and service strategies. In 2023, Tarkett achieved a customer satisfaction score of 85% based on feedback from over 10,000 clients worldwide. This commitment is demonstrated through initiatives like the Tarkett Customer Experience Program, which focuses on enhancing service quality.

Additionally, Tarkett has invested approximately €5 million in developing digital tools that facilitate improved communication and service delivery to its customers, allowing for real-time project updates and feedback.

Sustainability

Sustainability is central to Tarkett's operating principles. The company aims to produce sustainable products, and as of 2024, over 70% of their product range is made from recycled or bio-based materials. In 2023, Tarkett achieved a 30% reduction in CO2 emissions compared to their 2018 levels, reflecting their commitment to environmental stewardship.

Tarkett’s ReStart recycling program has diverted over 500,000 tons of flooring waste from landfills since its inception, showcasing the company's proactive approach to sustainability.

Innovation

Innovation at Tarkett is evidenced by their investment in research and development, which reached €15 million in 2023. The company launched 30+ new products that incorporate cutting-edge technology, enhancing both functionality and aesthetic appeal in flooring solutions.

Moreover, Tarkett’s partnership with various technology firms has resulted in the development of smart flooring options, integrating IoT capabilities, which have been deployed in over 200 projects globally.

Collaboration

Tarkett emphasizes collaboration within its workforce as a core value. As of 2024, the company fosters a culture of teamwork through initiatives like cross-functional project teams, which have shown to enhance project completion speed by 25%. Employee engagement surveys indicate a 90% approval rate for collaborative work environments.

The company also collaborates with external stakeholders, including suppliers and customers, to ensure a comprehensive approach to product development, evidenced by their supplier partnership programs which engage over 100 suppliers in sustainable practices.

Integrity

Integrity is fundamental to Tarkett’s operations, reflected in their ethical standards and practices. In 2023, Tarkett was recognized for its commitment to integrity by receiving the Corporate Responsibility Award from the European Sustainable Business Awards. The company maintains a robust compliance program that has resulted in a 0% rate of ethical violations reported over the past two years.

Tarkett actively promotes transparency by publishing annual sustainability reports, which detail achievements and future goals. The 2023 report highlighted a 15% increase in stakeholder engagement through open dialogues on business practices.