Forbo's Flooring Systems achieves 3.4% growth
In its Flooring Systems division, Swiss Forbo Holding generated turnover growth in 2016 of 3.4% to SFR818.0m. In contrast to the situation in 2015, when unfavourable currency effects had resulted in a sharp decline in revenues of 10.5%, the business trend in the current reporting period was unburdened by fluctuations in currency-exchange rates.
Against that backdrop, the company had already shown a plus of 6.5% in the first half of the year, and the second six months saw a slightly weaker continuation of the positive trend. Because of higher turnover, optimisation measures and lower raw-material prices, the EBIT improved by 11.7% to SFR122.7m and the EBIT margin increased to 15.0%.