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Forbo Holding AG (FORN.S)

FORN.S on Swiss Exchange

1,483.00CHF
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Forbo Holding: Fixed-Price Buyback Offer Completed
Thursday, 30 Nov 2017 12:30am EST 

Nov 30 (Reuters) - Forbo Holding AG ::FORBO SHARE BUYBACK PROGRAM: FIXED-PRICE BUYBACK OFFER COMPLETED.WITHIN FRAMEWORK OF SHARE BUYBACK OFFER, TOTAL OF 63,105 REGISTERED SHARES WERE TENDERED TO FORBO.  Full Article

Forbo Holding: ‍share buyback offer at a fixed price​
Wednesday, 15 Nov 2017 12:30am EST 

Nov 15 (Reuters) - FORBO HOLDING AG ::‍SHARE BUYBACK OFFER AT A FIXED PRICE​.TO REPURCHASE UP TO A MAX OF 90,000 OF REGISTERED SHARES AT FIXED PRICE OF CHF 1,430PER SHARE.  Full Article

Forbo Holding: one-time costs of anti-trust proceedings in France of EUR 75 mln​
Thursday, 19 Oct 2017 05:00am EDT 

Oct 19 (Reuters) - FORBO HOLDING AG ::ANTI-TRUST PROCEEDINGS TARGETING LEADING FLOORING SYSTEMS MANUFACTURERS IN FRANCE HAS NOW BEEN CONCLUDED​.‍ONE-TIME COSTS THAT WILL INCUR FOR FORBO WILL BE EUR 75 MILLION​.‍MADE A PROVISION OF CHF 85 MILLION AGAINST ITS 2017 HALF-YEAR OPERATING PROFIT​.‍CONFIRMS ITS POSITIVE GUIDANCE MADE IN ITS 2017 HALF-YEAR REPORT​.‍FORBO GROUP'S OPERATING POWER WILL NOT BE NEGATIVELY AFFECTED​.‍CONFIRMED GUIDANCE MADE IN ITS 2017 HALF-YEAR REPORT IS ADJUSTED FOR THIS EXTRAORDINARY EFFECT​.  Full Article

Forbo Holding completes sale of 63,000 treasury shares
Tuesday, 8 Aug 2017 01:00am EDT 

Aug 8 (Reuters) - FORBO HOLDING AG ::SUCCESSFULLY SOLD 63,000 TREASURY SHARES AT A PRICE OF CHF 1,450 PER SHARE VIA AN ACCELERATED BOOKBUILDING.GROSS PROCEEDS TO FORBO AMOUNT TO ABOUT CHF 91 MILLION.  Full Article

Forbo Holding ‍launches sale of treasury shares​
Monday, 7 Aug 2017 11:35am EDT 

Aug 7 (Reuters) - FORBO HOLDING AG ::‍LAUNCHES SALE OF TREASURY SHARES​.‍INTENDS TO SELL 63,000 TREASURY SHARES BY WAY OF AN ACCELERATED BOOKBUILDING STARTING IMMEDIATELY​.‍PLACEMENT REPRESENTS 3.5% OF FORBO'S SHARE CAPITAL AND MAJORITY OF TREASURY SHARES HELD BY FORBO​.  Full Article

Forbo Holding H1 group loss came to CHF 28.9 million​​
Friday, 28 Jul 2017 12:30am EDT 

July 28 (Reuters) - FORBO HOLDING AG ::‍NET SALES OF CHF 606.3 MILLION IN FIRST HALF OF 2017 (PRIOR-YEAR PERIOD: CHF 590.9 MILLION)​.GROUP PROFIT FROM CONTINUING OPERATIONS BEFORE ONE-OFF COSTS UP 4.3% TO CHF 53.9 MILLION (PRIOR-YEAR PERIOD: CHF 51.7 MILLION)​.‍FORECAST FOR FULL YEAR 2017 HAS NOT CHANGED​.H1 ‍OPERATING PROFIT (EBIT) BEFORE ONE-OFF COSTS INCREASED BY 5.6% FROM CHF 64.3 MILLION TO CHF 67.9 MILLION​.‍AFTER FACTORING ONE-OFF COSTS, H1 OPERATING PROFIT (EBIT) CAME TO CHF -17.1 MILLION​.‍AFTER FACTORING IN PROVISION FOR ONE-OFF COSTS, H1 GROUP PROFIT CAME TO CHF -28.9 MILLION​.  Full Article

Forbo Holding confirms 2017 outlook despite one-off provision
Thursday, 20 Jul 2017 12:00pm EDT 

July 20 (Reuters) - FORBO HOLDING AG ::‍ANTITRUST PROCEEDINGS AGAINST FORBO FLOORING SYSTEMS IN FRANCE.‍IS PROVISIONALLY RECOGNIZING A PROVISION FROM ITS 2017 OPERATING PROFIT IN AMOUNT OF CHF 85 MILLION​.‍ADJUSTED FOR THIS EXTRAORDINARY EFFECT, FORBO CONFIRMS ITS POSITIVE GUIDANCE OF SPRING 2017​.  Full Article

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

BRIEF-Forbo Holding: Fixed-Price Buyback Offer Completed

* FORBO SHARE BUYBACK PROGRAM: FIXED-PRICE BUYBACK OFFER COMPLETED