Forbo robust at H1 despite higher costs

Baar, Switzerland – Product introductions and efficiency gains have helped Forbo Group to shrug off a “steep rise” in raw material prices in the first six months of this year, the Baar-based manufacturer said 27 July.

Forbo posted a 10.9% year-on-year increase in first-half operating profit (EBIT) to CHF75.3 million (€65.1 million), on net sales of CHF668.8 million – 10.3% higher than a year ago, or 5.8% higher in local currencies.

Profit from continuing operations rose 8.9% to CHF58.7 million, added the Swiss maker of floor coverings,…

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