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Andreas Jaeger, CFO and interim CEO of the Forbo Group, has decided to take on a new professional challenge. He will be leaving the company during the fourth quarter of 2025 and will continue to perform his current roles until then. The search for a successor has begun.

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Jens Fankhänel, CEO Forbo Group, not returning to his function

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At today’s 97^th Ordinary General Meeting of Forbo Holding Ltd in Zug, the shareholders approved all of the Board of Directors’ proposals by a clear majority. Bernhard Merki was elected as the new Chairman of the Board of Directors. The dividend of CHF 25 per share will be paid from April 11, 2025.

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– Despite an adverse market environment, net sales declined only slightly
– Double-digit EBIT margin maintained
– Debt-free and solid cash flow
– Dividend remains unchanged at CHF 25 per share
– CO₂ emissions per square meter produced reduced

The Forbo Group – a leading manufacturer of floor coverings, building and construction adhesives, as well as belts for power transmission and conveyor belt solutions – reported net sales of CHF 1,122.0 million in the 2024 business year. This represents a slight decline of 1.7% in local currencies (–4.5% in the corporate currency), despite an adverse market environment. Group operating profit (EBIT) declined by 7.2% to CHF 120.6 million (previous year: CHF 129.9 million). Profit stood at CHF 95.1 million, 7.0% lower compared to the previous year (CHF 102.3 million). With a free cash flow of CHF 91.8 million, the net cash position and treasury shares as of December 31, 2024 increased to CHF 165.3 million.

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Jens Fankhänel, CEO Forbo Group, has fallen ill and must therefore withdraw temporarily from the operational business. Andreas Jaeger, Chief Financial Officer Forbo Group, is managing the company for the time being.

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