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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).

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Forbo shareholders approve all proposals of the Board of Directors

The shareholders of Forbo Holding Ltd approved all proposals submitted by the Board of Directors to the 91^st Ordinary General Meeting in Zug by a clear majority. A dividend of CHF 21 per share will be paid out as of April 12, 2019.

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Strong organic sales growth – Significant increase in operating profit – Double-digit increase in Group profit – Balance sheet remains robust – Raise of dividend by more than 10 percent

Forbo maintained its strong organic growth in 2018 amid challenging market conditions. It generated net sales of CHF 1,327.0 million (previous year: CHF 1,246.4 million), representing a gain of 6.5%; this is reflected in a sales increase of 5.0% in local currencies, driven by slightly positive currency effects. Group operating profit (EBIT) increased by 7.3% to CHF 175.3 million (previous year before one-off costs: CHF 163.3 million). Group profit from continuing operations rose by 14.9% to CHF 137.6 million (previous year before one-off costs: CHF 119.8 million).

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