Brief: Forbo Holding FY EBIT up 10.1 pct to CHF 157.2 mln
07/03/2017 05:43
March 7 (Reuters) - Forbo Holding AG FORN.S :
* 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
Source text - http://bit.ly/2n8V5wP
Further company coverage: FORN.S
($1 = 1.0114 Swiss francs)
(Gdynia Newsroom)
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