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

FORBO HOLDING AG

(FORN)
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Media release Forbo Group

08/27/2020 | 12:35am EST

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.




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Financials
Sales 2021 1 188 M 1 276 M 1 276 M
Net income 2021 111 M 119 M 119 M
Net cash 2021 241 M 259 M 259 M
P/E ratio 2021 22,9x
Yield 2021 1,43%
Capitalization 2 580 M 2 771 M 2 770 M
EV / Sales 2021 1,97x
EV / Sales 2022 1,83x
Nbr of Employees 5 317
Free-Float 64,8%
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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 1 634,00 CHF
Spread / Highest target 11,7%
Spread / Average Target -0,91%
Spread / Lowest Target -8,20%
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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