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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Forbo Holding AG    FORN   CH0003541510

FORBO HOLDING AG

(FORN)
  Report
Delayed Quote. Delayed Swiss Exchange - 08/13 09:52:08 am
1442 CHF   +0.14%
07/28FORBO : Media release on the 2020 half-year report
PU
07/28FORBO : Media relase on the 2020 half-year report
PU
07/28Media release Forbo Group
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Fed's Bostic: Business 'getting nervous again' as virus surges

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07/07/2020 | 11:36am EDT

The surge in U.S. coronavirus cases has made business owners "nervous again," Atlanta Federal Reserve Bank President Raphael Bostic said on Tuesday, and prompted him to focus on company decisions over the next three to six weeks.

"We are hearing it more and more as we get more data. People are getting nervous again. Business leaders are getting worried. Consumers are getting worried. And there is a real sense this might go on longer than we have planned for," Bostic said in webcast remarks to the Tennessee Business Roundtable.

A Fed survey released on Tuesday morning showed Americans may be hunkering down for a longer than expected fight against the virus and the economic fallout from it.

The poll of 1,869 people took place between June 3 and June 12, as the first signs emerged of a newly growing coronavirus caseload, showed 46% of respondents now think it will take more than a year for conditions to return to normal. That is up from 35% in an April survey.

In conversations with managers in his Southern district, where several states are facing a renewed health crisis, Bostic said he is asking "what are their plans for the next three weeks, six weeks, how are they thinking about staffing decisions."

That period could prove critical in the pace of an economic recovery Bostic suggested may plateau sooner and at a lower pace than expected.

At the end of July, some of the programs approved to support businesses and families during the pandemic will expire, most notably the $600-a-week addition to unemployment benefits.

With the caseload growing again, Bostic said it may become apparent that a longer bridge to the post-pandemic world is needed.

"It is pretty clear this is going to go on beyond the expiration of relief efforts," Bostic said, adding that as the fact becomes clear, elected officials might "strongly consider doing more."

(Reporting by Howard Schneider; Editing by Chizu Nomiyama and Jonathan Oatis)

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All news about FORBO HOLDING AG
07/28FORBO : Media release on the 2020 half-year report
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07/28FORBO : Media relase on the 2020 half-year report
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Financials
Sales 2020 1 101 M 1 208 M 1 208 M
Net income 2020 78,4 M 86,0 M 86,0 M
Net cash 2020 212 M 233 M 233 M
P/E ratio 2020 29,0x
Yield 2020 1,46%
Capitalization 2 306 M 2 530 M 2 531 M
EV / Sales 2020 1,90x
EV / Sales 2021 1,74x
Nbr of Employees 5 457
Free-Float 64,2%
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Technical analysis trends FORBO HOLDING AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 1 532,50 CHF
Last Close Price 1 440,00 CHF
Spread / Highest target 14,6%
Spread / Average Target 6,42%
Spread / Lowest Target -4,86%
EPS Revisions
Managers
NameTitle
Stephan Bauer Chief Executive Officer
Mathias Ernst Schneider Executive Chairman
Urs Uehlinger Chief Financial Officer
Michael Pieper Vice Chairman
Vincent Studer Non-Executive Director
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