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Our responsibility towards our shareholders

We see it as our responsibility to safeguard the interests of our shareholders by being transparent and issuing regular reports on the activities of our business.

Key figures Forbo Group

Below you find some financial key figures for the Forbo Group.

Double-digit growth in Group profit

Owing to the significant improvement in operating profit and the slightly better financial result of CHF 1.9 million (previous year: CHF 1.6 million), Forbo lifted 2016 Group profit from continuing operations by a gratifying 10.3% to CHF 127.6 million (previous year: CHF 115.7 million).

Overview of Forbo group profits 2015 - 2016.
Overview of the dividends per Forbo share 2015 - 2016.

Earnings per share

2016 earnings per share rose sharply year-on-year owing to the significant rise in the results and the share buybacks effected in the course of 2015. Earnings per share from continuing operations (undiluted) thus rose by 20.1% to CHF 74.66 (previous year: CHF 62.14).

Earnings per share are calculated by dividing the net profit or loss for the year attributable to registered shareholders by the weighted average number of registered shares issued and outstanding during the year, less the average number of treasury shares.

Investment volume remains at a high level

In addition to increasing efficiency and steadily optimizing processes, our focus is on factors that are geared to promoting future growth. In the 2016 business year, we concentrated our resources in both divisions on key activities and strategic projects in the areas of product portfolio, technology, production capacity, and market expansion. Total Group investment in property, plant, and equipment, and intangible assets in 2016 was slightly above the previous year’s level: CHF 40.0 million compared with CHF 39.5 million in the previous year.

Flooring Systems invested CHF 20.5 million (previous year: CHF 30.5 million). This sum included in particular its share for the construction of a factory for the manufacture of homogeneous vinyl floor coverings in the Netherlands and the new digital printing facility for high-end Flotex designs in 3-D quality in France. The funds were also used for expansion of the product offering with innovative new collections.

At Movement Systems, investment in property, plant, and equipment came to CHF 16.5 million (previous year: CHF 8.9 million), which was significantly higher than in the previous year. The main reason for the increase was the start of construction of a new plant in Pinghu, China, which will provide additional capacity for Transilon conveyor belts. The funds were also used for innovative additions to the product range, for specific applications, for a number of additional service tools, and for the maintenance of fabrication and production plants.

Overview of the investments of the Forbo Group 2015 - 2016.

Consolidated income statements 2012 - 2016

CHF million
NET SALES1,185.51,139.11,226.81,199.71,201.1
Cost of goods sold-715.2-698.3-765.8-747.3-761.2
GROSS PROFIT470.3440.8461.0452.4439.9
Development costs-15.1-15.1-16.5-16.4-16.3
Marketing and distribution costs-190.7-181.1-196.6-197.1-194.0
Administrative costs-95.0-89.8-94.2-90.7-96.6
Other operating expenses-16.7-16.6-13.2-19.3-25.3
Other operationg income4.
OPERATING PROFIT157.2142.8149.4135.7171.5
Financial income2.02.05.910.95.7
Financial expenses-0.1-0.4-1.0-5.7-11.2
GROUP PROFIT BEFORE TAXES159.1144.4154.3140.9166.0
Income taxes-31.5-28.7-30.9-30.7-35.9
GROUP PROFIT FOR THE YEAR127.6115.7123.6117.6213.3

Financial overview Forbo Group 2016/2015

  •  Financial overview Forbo Group 2017

    Financial overview
    Forbo Group 2016/2015