Solid sales growth in both divisions – Double-digit growth in operating profit – Further increase in operating margins – Double-digit rise in Group profit – Significant increase in earnings per share – Dividend increased to CHF 19 per share
Forbo performed well in 2016 amid challenging market conditions, generating net sales of CHF 1,185.5 million (previous year: CHF 1,139.1 million), representing an increase of 4.1%. Due to positive currency effects, this equates to a sales increase of 3.5% in local currencies. Group operating profit (EBIT) rose considerably by 10.1% to CHF 157.2 million (previous year: CHF 142.8 million), and Group profit from continuing operations was up by a gratifying 10.3% to CHF 127.6 million (previous year: CHF 115.7 million). Earnings per share increased significantly by 20.1% to CHF 74.66 (previous year: CHF 62.14).