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Forbo Holding AG ( (CH:FORN) ) has provided an update.
At its 97th Ordinary General Meeting, Forbo Holding AG’s shareholders approved all proposals by the Board of Directors, including the election of Bernhard Merki as the new Chairman and a dividend of CHF 25 per share. The meeting saw the re-election of existing board members and the approval of various remuneration packages, reflecting strong shareholder confidence in the company’s leadership and strategic direction. This transition in leadership, with the departure of long-serving Chairman This E. Schneider, marks a significant moment for Forbo as it continues to focus on sustainable growth and innovation in its industry.
More about Forbo Holding AG
Forbo Holding AG is a leading producer of floor coverings, building and construction adhesives, and belts for power transmission and lightweight conveyor technology. The company is known for its sustainable manufacturing practices, offering products like linoleum floor coverings made from natural raw materials and energy-efficient conveyor belts. With a workforce of about 5,100 people, Forbo operates internationally with 25 production and distribution sites, 6 fabrication centers, and 47 sales organizations across 39 countries. Headquartered in Baar, Switzerland, Forbo generated net sales of CHF 1,122.0 million in 2024 and is listed on the SIX Swiss Exchange.
YTD Price Performance: 7.25%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.27B
See more insights into FORN stock on TipRanks’ Stock Analysis page.