Forbo cautious despite first-half gains

Baar, Switzerland –  Forbo Group – a Swiss-based maker of floor coverings, adhesives, power transmission products and conveyor belting – has reported a 6.5-percent  year-on-year rise in first-half net sales to CHF590.9 million (€544.0 million).

Operating profit (EBITDA) grew 12.5 percent to CHF82.8 million, lifting margins to 14.0 percent, from the prior-year 13.3 percent, the Baar-based group announced 16 Aug.

Both divisions – Flooring Systems and Movement Systems – contributed to the gains, each growing sales by around 6.5 percent

Sales in local currencies in North, Central and…

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