Sales in local currencies slightly above previous year – substantial increase in operating profit – significant increase in Group profit – rise in tax-free cash distribution to CHF 14 per share.
Forbo again performed well in a challenging and mixed market environment. After Group sales decreased slightly in the first half of the year, it increased again in the second six-month period to CHF 1,199.7 million (previous year: CHF 1,201.1 million), which is roughly the same as the previous year. This works out to a sales increase of 0.3% in local currencies but equates to a slight decrease of 0.1% in the corporate currency. After factoring out effects from accounting changes (restatements), operating profit (EBIT) rose by 12.7%, while Group profit from continuing operations showed a significant increase of 19.2%. After factoring in the restatements, EBIT came to CHF 135.7 million (previous year restated, without special items: CHF 126.1 million), and Group profit from continuing operations came to CHF 110.2 million (previous year restated, without special items: CHF 96.1 million).