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Forbo Holding posts H2 profit

4916994 said its normalized net income for the second half amounted to CHF54.0 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue came to CHF584.3 million, and total operating expenses came to CHF499.3 million.

Reported net income totaled CHF69.9 million, or CHF38.11 per share.

For the year, the company's normalized net income totaled CHF48.25 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of CHF60.95.

EPS rose from CHF46.29 in the prior year.

Normalized net income was CHF89.8 million, a fall from CHF92.4 million in the prior year.

Full-year total revenue decreased 7.1% from the prior-year period to CHF1.14 billion from CHF1.23 billion, and total operating expenses declined 7.6% on an annual basis to CHF996.2 million from CHF1.08 billion.

The company said reported net income decreased 6.3% on an annual basis to CHF115.7 million, or CHF62.13 per share, in the full year, from CHF123.4 million, or CHF61.83 per share.Forbo Holding AG

4916994 said its normalized net income for the second half amounted to CHF54.0 million.