Significant sales growth – Above-average increase in operating profit – Strong increase in Group profit – Outlook for full year 2018 confirmed
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 668.8 million in the first half of 2018 (prior-year period: CHF 606.3 million), which equates to strong growth of 10.3% (+5.8% in local currencies). Operating profit (EBIT) rose by CHF 10.9% to CHF 75.3 million (prior-year period before one-off costs: CHF 67.9 million). The EBIT margin improved to 11.3% (prior-year period before one-off costs: 11.2%). Group profit from continuing operations rose by 8.9% to CHF 58.7 million (prior-year period before one-off costs: CHF 53.9 million) despite a higher tax rate.