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Forbo Holding AG (FORN.S)

FORN.S on Swiss Exchange

1,357.00CHF
18 May 2018
Change (% chg)

CHF5.00 (+0.37%)
Prev Close
CHF1,352.00
Open
CHF1,348.00
Day's High
CHF1,360.00
Day's Low
CHF1,341.00
Volume
5,464
Avg. Vol
4,841
52-wk High
CHF1,642.00
52-wk Low
CHF1,309.00

Latest Key Developments (Source: Significant Developments)

Forbo Holding FY Profit From Continuing Operations Down At CHF 119.8 Million
Tuesday, 6 Mar 2018 

March 6 (Reuters) - FORBO HOLDING AG ::FY NET SALES OF CHF 1,246.4 MILLION (PREVIOUS YEAR: CHF 1,185.5 MILLION).FY EBIT BEFORE ONE-OFF COSTS ROSE BY 3.9% TO CHF 163.3 MILLION (PREVIOUS YEAR: CHF 157.2 MILLION).FY PROFIT FROM CONTINUING OPERATIONS BEFORE ONE-OFF COSTS DECLINED TO CHF 119.8 MILLION (PREVIOUS YEAR: CHF 127.6 MILLION).DIVIDEND OF CHF 19 PER SHARE.FOR 2018 ANTICIPATES SLIGHT INCREASE IN NET SALES AND GROUP PROFIT FROM CONTINUING OPERATIONS BEFORE ONE-OFF COSTS.  Full Article

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

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 

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 

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 

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 

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 

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 

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
Tuesday, 7 Mar 2017 

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 

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

Swiss stocks - Factors to watch on March 6

ZURICH, March 6 The Swiss blue-chip SMI was seen opening 0.5 percent lower at 8,769 points on Tuesday, according to premarket indications by bank Julius Baer .