Currency-adjusted sales stable – EBIT margin improved again – Further increase in operating and Group profit
Forbo Group – a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions – reported net sales of CHF 649.4 million in the first half of 2019 (prior-year period: CHF 668.8 million). This equates to a slight decline of 0.6% in local currencies (-2.9% in the corporate currency). Operating profit (EBIT) came to CHF 77.3 million, 2.7% higher than the previous year’s level (prior-year period: CHF 75.3 million). The EBIT margin improved to 11.9% (prior-year period: 11.3%). Group profit amounted to CHF 61.2 million, 4.3% higher than the previous year’s level (prior-year period: CHF 58.7 million).