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Forbo Holding AG (FORN.S)

FORN.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

Forbo Holding FY EBIT up 10.1 pct to CHF 157.2 mln
Monday, 6 Mar 2017 10:58pm EST 

Forbo Holding AG : Dividend increased to 19 Swiss francs ($18.79) per share . FY net sales of 1,185.5 million francs (previous year: 1,139.1 million francs), representing an increase of 4.1 percent . FY Group operating profit (EBIT) rose considerably by 10.1 percent to 157.2 million francs (previous year: 142.8 million francs), and Group profit from continuing operations was up by a gratifying 10.3 percent to 127.6 million francs (previous year: 115.7 million francs) . For the 2017 business year Forbo expects market conditions to be similar to 2016, though they are difficult to predict . Forbo anticipates a slight increase in net sales and Group profit from continuing operations for 2017 .Board of Directors will propose the repurchase, over a period of three years, of further treasury shares up to a maximum of 10 percent of the share capital on a second trading line on the SIX Swiss Exchange or by another means in order to reduce capital.  Full Article

Forbo Holding H1 EBIT up 11.1% to CHF 64.3 mln
Tuesday, 16 Aug 2016 12:37am EDT 

Forbo Holding AG : H1 operating profit (EBIT) rose by 11.1% to 64.3 million Swiss francs ($66.18 million)(prior-year period: 57.9 million Swiss francs) . Increased its net sales by 6.5% to 590.9 million Swiss francs in the first half of 2016 (prior-year period: 554.8 million Swiss francs) . H1 group profit from continuing operations rose by 12.9% to 51.7 million Swiss francs (prior-year period: 45.8 million Swiss francs) .Forecast for the full year 2016 has not changed.  Full Article

Forbo Holding says CFO Andreas Spreiter to take extended career break
Thursday, 19 May 2016 12:20pm EDT 

Forbo Holding AG :CFO Andreas Spreiter plans to take an extended career break in summer of 2017. He will leave company at end of May 2017. Until this time, he will continue to perform his tasks as hitherto.  Full Article

Forbo Holding proposes increased dividend
Tuesday, 15 Mar 2016 01:20am EDT 

Forbo Holding AG:‍Will propose dividend increase from 16 Swiss francs to 17​ Swiss francs.  Full Article

Forbo Holding completes share buyback program 2015 - 2018​
Wednesday, 23 Dec 2015 11:35am EST 

Forbo Holding AG:Announces completion of share buyback program 2015 - 2018​.‍Successfully repurchased 190,000 shares as per Dec. 23, 2015.  Full Article

Forbo Holding AG completes fixed-price buyback offer
Tuesday, 20 Oct 2015 12:30am EDT 

Forbo Holding AG:Within framework of fixed-price share buyback offer a total of 88,882 registered shares were tendered to Forbo.With conclusion of fixed-price buyback offer, suspension of trading on second trading line is canceled.  Full Article

Forbo Holding augments share buyback program with fixed-price repurchase offer
Tuesday, 6 Oct 2015 12:30am EDT 

Forbo Holding AG:Forbo augments current share buyback program with fixed-price repurchase offer.Board of Directors of Forbo Holding Ltd offers to repurchase maximum 99,500 of registered shares (5 percent of share capital) at fixed price as part of share buyback program.Fixed price is 1,100 Swiss francs per registered share.  Full Article

Forbo Holding AG says repurchase of up to 10 pct of registered share capital to begin on Sept. 10
Monday, 7 Sep 2015 01:00am EDT 

Forbo Holding AG:Repurchase of up to 10 pct of registered share capital, representing maximum of 199,000 registered shares of 0.10 Swiss francs par value each to begin on Sept. 10.  Full Article

Forbo Holding comments on FY 2015 outlook
Tuesday, 18 Aug 2015 12:30am EDT 

Forbo Holding AG:Sees FY 2015 sales in local currencies to come in about at previous year's level.Sees group profit from continuing operations in FY 2015 to be slightly lower than previous year in Swiss francs.  Full Article

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BRIEF-Forbo Holding FY EBIT up 10.1 pct to CHF 157.2 mln

* FY net sales of 1,185.5 million francs (previous year: 1,139.1 million francs), representing an increase of 4.1 percent