Forbo Holding AG Announces New Chairman and Dividend at General Meeting

An update from Forbo Holding AG ( (CH:FORN) ) is now available.

At the 97th ordinary General Meeting of Forbo Holding AG, shareholders approved all board proposals, including the election of Bernhard Merki as the new Chairman and a dividend payment of CHF 25 per share. The meeting also saw the approval of compensation packages for the Board and Executive Board, the re-election of board members, and the extension of KPMG AG’s auditor mandate. The departure of long-serving board member This E. Schneider was acknowledged, highlighting his significant contributions to the company’s strategic direction.

More about Forbo Holding AG

Forbo Holding AG is a leading manufacturer specializing in floor coverings, construction adhesives, and belts for drive and light conveyor technology. The company is committed to sustainability, producing environmentally friendly products such as linoleum floor coverings made from natural raw materials and energy-saving conveyor belts. With a workforce of around 5,100 people, Forbo operates an international network across 39 countries, generating net sales of CHF 1,122.0 million in 2024. The company is headquartered in Baar, Switzerland, and is listed on the SIX Swiss Exchange.

YTD Price Performance: 7.25%

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.27B

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