Unveiling the Business Landscape of 2023: A Comprehensive Overview

• Forbo Holding AG reported a slight decline in net sales in local currencies for the business year 2023, with a decrease of 2.9% due to adverse currency effects.
• The company's operating profit was impacted by lower demand and adverse currency effects, decreasing by 2.0% to CHF 129.9 million.
• Despite these challenges, the Group profit was slightly higher than the previous year at CHF 102.3 million, a 0.9% increase.
• Forbo also reported a significant increase in free cash flow, more than doubling to CHF 115.9 million.
• The company implemented measures to improve profitability and efficiency, including adapting operating structures to lower volumes, reducing inventories, and implementing necessary sales price increases.
• Forbo plans to propose a dividend of CHF 25 per share at the Ordinary General Meeting, representing an increase of 9% and a payout ratio of 34%.

The next important date, Quarterly report, at Forbo Holding is on 05.03.2024.

Forbo Holding

0,00 %

+1,83 %

+2,86 %

+3,72 %

-17,85 %

-31,23 %

-19,81 %

+132,08 %

ISIN:CH0003541510WKN:871047

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