Forbo profitability up despite lower sales

摘要

SWITZERLAND-Forbo Group has posted a slight improvement in 2019 earnings,helped by increased efficiency and lower prices of raw materials.The Swiss group's net sales fell 3.4% to CHF1.28 billion(€1.1 billion),as both its Flooring Systems and Movements Systems divisions saw a decline in demand in their core markets.Earnings(EBITDA),however,rose by 7.6% to CHF233 million,while operating profit(Ebit)increased marginally to CHF176.3 million,said the Swiss maker of floor coverings,building adhesives,power-transmission and conveyor belts on 3 March.