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    FORN   CH0003541510

FORBO HOLDING AG

(FORN)
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Forbo : launches share buyback program 2019–2022 via second trading line

03/22/2021 | 12:23pm EDT

Forbo launches share buyback program 2019-2022 via second trading line

The Board of Directors of Forbo Holding Ltd has decided to launch the share buyback program 2019-2022 via a second trading line and thus buy back a maximum of 165,000 registered Forbo shares (10% of the share capital).

Baar, March 22, 2021

At the Ordinary General Meeting on April 5, 2019, the Board of Directors of Forbo Holding Ltd was authorized to repurchase own shares, either through a second trading line on the SIX Swiss Exchange or by another means, up to a maximum of 10% of the share capital over a period of three years for the purpose of a capital reduction.

Based on this authorization, the Board of Directors has decided to buy back a maximum of 165,000 registered Forbo shares (representing 10% of the share capital of Forbo Holding Ltd currently registered in the commercial register) via a second trading line on the SIX Swiss Exchange.

The official notice for the share buyback features detailed information and is published in German and French on our website at www.forbo.com - Investors - Share information - Share buyback - Share buyback program 2019-2022.

Forbo is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs about 5,300 people and has an international network of 25 sites with production and distribution, 6 assembly centers, and 49 sales organizations in a total of 39 countries around the world. The company generated net sales of CHF 1,117.7 million in the 2020 business year. Forbo is headquartered in Baar in the canton of Zug, Switzerland.

Forbo Holding Ltd is listed on SIX Swiss Exchange (security number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).

Contact person:
This E. Schneider
Executive Chairman
Phone +41 58 787 25 49
www.forbo.com

Disclaimer

Forbo Holding AG published this content on 22 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2021 17:22:00 UTC.


© Publicnow 2021
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Sales 2021 1 198 M 1 321 M 1 321 M
Net income 2021 122 M 134 M 134 M
Net cash 2021 236 M 260 M 260 M
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Yield 2021 1,18%
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Free-Float 63,2%
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Technical analysis trends FORBO HOLDING AG
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 1 916,00 CHF
Average target price 1 710,00 CHF
Spread / Average Target -10,8%
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Stephan Bauer Chief Executive Officer
Andreas Jaeger Chief Financial Officer
Mathias Ernst Schneider Executive Chairman
Michael Pieper Vice Chairman
Vincent Studer Non-Executive Director
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