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Double-digit sales growth in local currencies in all regions – negative currency effects on sales and earnings – results also hit by significant rise in cost of raw materials

The 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 667.3 million in the first half of 2022 (prior-year period: CHF 623.1 million), which reflects growth of 11.4% in local currencies (7.1% in the corporate currency). Operating profit (EBIT) decreased by 4.3% to CHF 78.6 million (prior-year period: CHF 82.1 million). The EBIT margin came to 11.8% (prior-year period: 13.2%). Group profit saw a decline of 5.0% to CHF 60.3 million (prior-year period: CHF 63.5 million).

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At today's 94th Ordinary General Meeting of Forbo Holding Ltd, shareholders approved all the proposals of the Board of Directors by a clear majority. In application of Article 27 of the Ordinance 3 on Measures to Combat the Coronavirus (COVID-19) of the Swiss Federal Council, shareholders exercised their rights solely through voting instructions issued to the independent proxy. A dividend of CHF 25 gross per share will be paid out as of April 8, 2022.

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As of March 16, 2022, Forbo Holding Ltd has repurchased a total of 165,000 shares as part of the current share buyback program.

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Double-digit sales growth in all regions – Distinctive increase in operating profits&margins – Adjusted for currency effects, sales&earnings above 2019 pre-pandemic levels – Dividend CHF 25 per share

The 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 1,254.0 million in the 2021 business year (previous year: CHF 1,117.7 million). This equates to an increase of 12.2% in the corporate currency and 11.8% in local currencies, due to slightly positive currency effects. Operating profit (EBIT) increased by 30.7% to CHF 179.0 million (previous year: CHF 137.0 million). Group profit increased by 33.0% to CHF 141.2 million (previous year: CHF 106.2 million).

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