Edition:
United States

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​. 

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