Brief: Forbo Holding H1 Net Sales Down At CHF 542.3 Mln

Forbo Holding AG

28/07/2020 05:44

July 28 (Reuters) - FORBO HOLDING AG  FORN.S :
    * H1 NET SALES OF CHF 542.3 MILLION
    * H1 EBIT CAME TO CHF 41.1 MILLION, 46.8% LOWER THAN
PREVIOUS YEAR
(PRIOR-YEAR PERIOD: CHF 77.3 MILLION)
    * H1 EBIT MARGIN DECLINED TO 7.6% (PRIOR-YEAR PERIOD: 11.9%)
    * H1 GROUP PROFIT AMOUNTED TO CHF 31.7 MILLION, 48.2% LOWER
THAN
PREVIOUS YEAR (PRIOR-YEAR PERIOD: CHF 61.2 MILLION)
    * IT IS DIFFICULT TO ISSUE ANY QUALIFIED GUIDANCE FOR COMING
MONTHS
    * GROUP ANTICIPATES SLIGHTLY HIGHER SALES IN H2 COMPARED
WITH H1
PLUS AN IMPROVEMENT IN GROUP PROFIT ALSO DUE TO COST ADJUSTMENTS
IT HAS MADE

Source text for Eikon:  ID:nNDL1RXVXM 
Further company coverage:  FORN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))