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Forbo: Currency effects burden turnover and profit

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Published in issue 36/2015
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The Swiss company Forbo Holding AG, Baar, suffered declines in both turnover and results in the first half of 2015. Revenues, at SFR554.8m (Jan.-June 2014: 603m), were down year on year by roughly 8%. The operating result (EBIT) decreased by roughly 11% to DFR57.9m (65.3m) and the EBIT margin was down to 10.4% ...

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