Forbo to pay €75m in French anti-trust case

Baar, Switzerland – Forbo will take a €75-million charge as a result of anti-trust proceedings against major flooring-systems manufacturers in France, the Swiss company has announced.

The anti-trust case, which has been ongoing since 2013, has now been concluded, said a 19 Oct statement from the Baar-based company.

Forbo said it had made a provision of CHF85 million (€74 million) for the penalty its 2017 half-year operating profit.

The group’s “operating power will thus not be negatively affected,” said its statement, which confirmed a “positive guidance” made in…

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