Baar, October 19, 2017
The anti-trust proceedings targeting leading flooring systems manufacturers in France, which has been ongoing since 2013, has now been concluded.
The one-time costs that will incur for Forbo will be € 75 million. As a precaution, Forbo made a provision of CHF 85 million against its 2017 half-year operating profit.
Adjusted for this extraordinary effect, Forbo confirms its positive guidance made in its 2017 half-year report. The Forbo Group’s operating power will thus not be negatively affected.
Forbo is a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs more than 5,500 people and has an international network of 24 production facilities and distribution companies, 6 assembly centers as well as 45 pure sales organizations in a total of 36 countries across the globe. The company generated net sales of CHF 1,185.5 million in the 2016 business year. Forbo is headquartered in Baar in the canton of Zug, Switzerland.
The Group company Forbo Holding Ltd is listed on the SIX Swiss Exchange (securities number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
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