The Forbo Group – a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions – increased its net sales by 6.5% to CHF 590.9 million in the first half of 2016 (prior-year period: CHF 554.8 million). Operating profit (EBIT) rose by 11.1% to CHF 64.3 million (prior-year period: CHF 57.9 million). The EBIT margin improved to 10.9% (prior-year period: 10.4%). Group profit from continuing operations rose by 12.9% to CHF 51.7 million (prior-year period: CHF 45.8 million).
The Forbo Group can look back on a successful first half of 2016 on the whole. Both divisions – but in particular the positive development of Flooring Systems – contributed to this success. The ongoing expansion of the product portfolio coupled with targeted optimization measures along the value chain is paying off. Driven by the steady expansion of its distribution and sales structure, Movement Systems again increased sales, which have risen continuously in recent years, and improved earnings.
When the results in local currency were translated into the corporate currency, the currency exchange situation produced a slightly positive currency effect compared with the first half of 2015.