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Last SFr.1,015 CHF
Change Today -26.00 / -2.50%
Volume 2.2K
As of 11:43 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

forbo holding ag-reg (FORN) Snapshot

Open
SFr.1,029
Previous Close
SFr.1,041
Day High
SFr.1,039
Day Low
SFr.1,010
52 Week High
04/13/15 - SFr.1,238
52 Week Low
01/22/15 - SFr.799.69
Market Cap
2.0B
Average Volume 10 Days
7.4K
EPS TTM
SFr.59.99
Shares Outstanding
2.0M
EX-Date
04/28/15
P/E TM
16.9x
Dividend
SFr.16.00
Dividend Yield
1.58%
Current Stock Chart for FORBO HOLDING AG-REG (FORN)

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forbo holding ag-reg (FORN) Details

Forbo Holding AG, together with its subsidiaries, manufactures and sells floorings and construction adhesives in Switzerland and internationally. The company’s Flooring Systems segment develops, produces, and sells linoleum, vinyl floorings, entrance flooring systems, carpet tiles, needle felt floor coverings, and building and construction adhesives, as well as various accessory products for laying, processing, cleaning, and care of flooring. It also provides Flotex tiles and washable textile flooring; and ready-made adhesives for flooring installations and ceramic tiles, as well as leveling compounds for the construction industry under the Eurocol brand name. This segment’s products are used in public buildings, department stores, hospitals and other healthcare facilities, schools, libraries, commercial office spaces, leisure centers, shops, hotels, restaurants, and cafeterias, as well as for applications in the residential market. The company’s Movement Systems segment offers conveyor and processing belts, synthetic modular belts, and power transmission belts, as well as timing and flat belts under the Siegling brand name. This segment’s products are used in various applications in industry, trade, and the service sector, including conveyor and processing belts in the food industry; treadmill belts in fitness studios; and flat belts in mail distribution centers. The company was founded in 1928 and is headquartered in Baar, Switzerland.

5,240 Employees
Last Reported Date: 08/18/15
Founded in 1928

forbo holding ag-reg (FORN) Top Compensated Officers

Executive Chairman
Total Annual Compensation: SFr.298.0K
Compensation as of Fiscal Year 2014.

forbo holding ag-reg (FORN) Key Developments

Forbo Holding AG Reports Group Earnings Results for the Half Year Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Forbo Holding AG reported group earnings results for the half year ended June 30, 2015. For the period, the company reported net sales of CHF 554.8 million against CHF 603.0 million a year ago, representing an increase of 0.7% in local currencies. Owing to the severely negative currency effects, this comes to minus 8.0% in the corporate currency. Operating profit before depreciation and amortization (EBITDA) came to CHF 73.6 million compared to CHF 83.2 million a year ago, corresponding to a decline of 11.5%. Operating profit (EBIT) came to CHF 57.9 million, compared with CHF 65.3 million in the comparable period of 2014, which equates to a decrease of 11.3%. After adjustment for currency effects, however, operating profit (EBIT) rose by 3.7%. Group profit from continuing operations amounted to CHF 45.8 million compared to CHF 53.6 million sa year ago, which reflects a decrease of 14.6%. After adjustment for currency effects, however, it reached the previous year's level despite lower financial income. Earnings per share from continuing operations (undiluted) came to CHF 24.24 against CHF 26.36 a year ago. For the year 2015, the company expects sales in local currencies to come in approximately at the previous year's level. However, sales and earnings in the corporate currency will be eroded substantially once the local results are translated into the strong Swiss franc. Barring any further deterioration in the current economic conditions, in particular the currency situation, the company expects Group profit from continuing operations in 2015 to be slightly lower than the previous year in Swiss francs.

Forbo Movement Systems Reports Earnings Results for the Half Year Ended June 30, 2015

Forbo Movement Systems reported earnings results for the half year ended June 30, 2015. For the period, the company net sales of CHF 170.9 million compared to CHF 165.8 million a year ago, which is equivalent to a significant increase of 8.1% in local currencies and 3.1% in the corporate currency. The systematic implementation of the strategy with demanding targets in all parts of the business had a very positive effect on operating profit (EBIT), which rose sharply by 20.0% to CHF 20.4 million compared to CHF 17.0 million a year ago. The company’s increased sales strongly in both local currencies and Swiss francs due to its broader presence in growth markets and the lower exposure to exchange rate fluctuations owing to the geographic weighting of its activities.

Forbo Holding AG Reports Earnings Results for 2014; Provides Financial Guidance for 2015

Forbo Holding AG reported earnings results for 2014. For the period, the company reported net sales of CHF 1,226.8 million against CHF 1,199.7 million a year ago. Operating profit (EBIT) was CHF 149.4 against CHF 135.7 million a year ago. Group profit from continuing operations was CHF 123.4 against CHF 110.2 million a year ago. Group profit was CHF 123.6 against CHF 117.6 million a year ago. Earnings per share from continuing operations (undiluted) was CHF 61.92 against CHF 53.21 a year ago. The company again anticipates an increase in sales and profitability in local currencies in 2015. However, sales and profit in the corporate currency will be eroded once the local results are translated into Swiss francs. Forbo has therefore taken a number of additional measures so that it can offset these currency effects by an even better operational performance. Barring any change in the foreign exchange situation, the company anticipates to generate a Group profit from continuing operations in 2015 that is at the same level as in the previous year.

 

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Industry Analysis

FORN

Industry Average

Valuation FORN Industry Range
Price/Earnings 16.6x
Price/Sales 1.6x
Price/Book 2.7x
Price/Cash Flow 18.6x
TEV/Sales 1.7x
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