Brief: Forbo Says For 2022 Business Year, Management Expects EBIT To Come In At CHF 131 Million

Forbo Holding AG

17/01/2023 05:36

Jan 17 (Reuters) - Forbo Holding Ag  FORN.S :
    * A SHARP RISE IN THE COST BASIS, DELAYED REACTION TO A
DECLINE IN
DEMAND AND THE EFFECT OF ONE-TIME IMPACTS IN THE SECOND HALF OF
2022 LED TO A SIGNIFICANT REDUCTION IN EBIT AND GROUP PROFIT.
    * REPORTED NET SALES OF CHF 1,293 MILLION FOR BUSINESS YEAR
2022.
    * 2022 BUSINESS YEAR, MANAGEMENT EXPECTS EBIT TO COME IN AT
CHF
131 MILLION
    * EXPECTING FIRST HALF OF 2023 TO BE A DEMANDING PERIOD WITH
DECLINING VOLUMES IN COMPARISON TO FIRST HALF OF 2022

Source text for Eikon:  ID:nEQbCBcQha 
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