3.4 per cent growth for Forbo

Swiss company Forbo Holding’s Flooring Systems division posted a 3.4 per cent growth in 2016 to hit CHF 818 million (US$823.9 million), a huge improvement from 2015, where the negative currency repercussions affected the company and resulted in a marked decrease in revenues by 10.5 per cent. Recent economic trends have not been encumbered by vacillations in currency-exchange rates.

In the first half of 2016, the organisation experienced an increase of 6.5 per cent, and while the second half of the year saw their growth flag slightly, high productivity, lower prices for raw materials, and steps taken to optimise output saw the earnings before interest and taxes (EBIT) rise by 11.7 per cent to reach CHF 122.7 million (US$123.6 million), and the EBIT margin surge up to 15 per cent.