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

FORBO HOLDING AG

(FORN)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 03/03 11:20:00 am
1604 CHF   -1.47%
01/19FORBO  : Bank Vontobel Lifts Price Target on Farbo, Maintains Buy Recommendation
MT
01/17FORBO  : Projects FY20 Profit to Fall to $112 Million
MT
01/15Media release Forbo Group
TE
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Forbo : MEDIA RELEASE

08/27/2020 | 12:41am EST

2020
27.08.2020 - Forbo Holding AG MEDIA RELEASE

MEDIA RELEASE

Change on the Executive Board of Forbo

The Board of Directors of Forbo Holding Ltd has appointed Andreas Jaeger as the new Chief Financial Officer Forbo Group and member of the Executive Board. He will take up his new position on January 1, 2021, replacing Urs Uehlinger, who will leave the company.

Baar, August 27, 2020

The Board of Directors of Forbo Holding Ltd has appointed Andreas Jaeger as Chief Financial Officer Forbo Group and member of the Executive Board effective January 1, 2021. Andreas Jaeger is 48 years of age, is a Swiss citizen and has a solid financial background, having worked for many years in international industrial companies - most recently as Corporate Controller at Geberit for about five years and before that in various finance functions at Holcim for ten years. Andreas Jaeger is a Swiss Certified Public Accountant with advanced training in business administration and international business law.

The Board of Directors wishes him much success in his new tasks and responsibilities.

The current Chief Financial Officer, Urs Uehlinger, will leave Forbo in the coming months - at the latest by February 28, 2021 - in order to take up new challenges outside the Group.

The Board of Directors thanks him for the work he has done and wishes him all the best for the future.

Forbo is a leading producer of flooring systems, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs more than 5,400 people and has an international network of 25 sites with production and distribution, 6 assembly centers, as well as 48 pure sales organizations in a total of 38 countries across the globe. The company generated net sales of CHF 1,282.2 million in the 2019 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 27 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2020 04:41:09 UTC


© Publicnow 2020
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Financials
Sales 2020 1 115 M 1 212 M 1 212 M
Net income 2020 95,6 M 104 M 104 M
Net cash 2020 227 M 246 M 246 M
P/E ratio 2020 26,6x
Yield 2020 1,36%
Capitalization 2 562 M 2 794 M 2 785 M
EV / Sales 2020 2,09x
EV / Sales 2021 1,93x
Nbr of Employees 5 457
Free-Float 64,8%
Chart FORBO HOLDING AG
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Technical analysis trends FORBO HOLDING AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 1 619,17 CHF
Last Close Price 1 600,00 CHF
Spread / Highest target 14,1%
Spread / Average Target 1,20%
Spread / Lowest Target -6,25%
EPS Revisions
Managers and Directors
NameTitle
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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