Brief: Forbo Holding: one-time costs of anti-trust proceedings in France of EUR 75 mln

Forbo Holding AG

19/10/2017 10:00

Oct 19 (Reuters) - FORBO HOLDING AG  FORN.S : 
    * 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 
 
Source text for Eikon:  ID:nTENgyup8a  
Further company coverage:  FORN.S  
 
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