Forbo Holding Ag · SIX:FORN
Forbo — FY2025 Earnings Presentation
19 slides from Forbo's earnings presentation, Mar 3, 2026
Slide 1: Presentation Full-Year Results 2025 – Media and Financial Analyst Meeting
FORBO GROUP PRESENTATION FULL-YEAR RESULTS 2025 MEDIA AND FINANCIAL ANALYST MEETING March 3, 2026 Bernhard Merki Chairman of the Board of Directors Johannes Huber Chief Executive Officer Peter Germann Chief Financial Officer a.i.
Slide 2: Disclaimer
DISCLAIMER By attending the meeting where this presentation is made or by reading the presentation slides you agree to be bound by the following limitations: The information in this document has been prepared by Forbo. It does not constitute a recommendation regarding the securities of Forbo. No rep
Slide 3: Agenda
AGENDA WELCOME & INTRODUCTORY REMARKS BERNHARD MERKI FINANCIAL RESULTS FULL YEAR 2025 PETER GERMANN ORDINARY GENERAL MEETING APRIL 2, 2026 BERNHARD MERKI FOCUS & OUTLOOK 2026 JOHANNES HUBER QUESTIONS & ANSWERS Media and financial analyst meeting 3
Slide 4: Welcome & Introductory Remarks
BERNHARD MERKI WELCOME & INTRODUCTORY REMARKS Media and financial analyst meeting 4
Slide 5: Search for Executive Committee members successfully completed
FORBO GROUP MEASURES ANNOUNCED JULY 29, 2025 Search for Executive Committee members successfully completed October 2025: CFO a.i. Peter Germann January 2026: CEO Johannes Huber July 2026: CFO Heinz Hössli Media and financial analyst meeting 5
Slide 6: Financial Results Full Year 2025
PETER GERMANN FINANCIAL RESULTS FULL YEAR 2025 Media and financial analyst meeting 6
Slide 7: Market Environment
FORBO GROUP MARKET ENVIRONMENT Europe Low growth (GDP 0.2%–0.7%) in main western countries (D, F, I, S) Construction industry weak, governmental spending restricted Americas High inflation (6–12%) on everyday goods Construction industry soft overall with exceptions (e.g. data centers) Weak
Slide 8: Financial Overview – Income Statement
FORBO GROUP FINANCIAL OVERVIEWINCOME CONSOLIDATED – INCOME STATEMENT FULL YEAR 2022 STATEMENT CHF MILLION 2025 2024 Δ Net sales 1,085.4 1,122.0 -3.3% Net sales in local Gross profit 358.6 384.9 -6.8% currencies –0.3% Gross profit margin 33.0% 34.3% Volume –0.5% Operating profit (EBIT) 87.8 120.6
Slide 9: Financial Overview – EBIT Bridge
FORBO GROUP FINANCIAL OVERVIEW EBIT – BRIDGE (CHF–MILLION) INCOME STATEMENT FULL YEAR 2022 10.7% EBIT margin 8.1% -27% 121 -2 3 2 -13 -15 88 -8 EBIT Volume Price Raw Prod. OPEX FX EBIT 2024 mix material costs 2025 Media and financial analyst meeting 9
Slide 10: Flooring Systems Income Statement
FLOORING SYSTEMS INCOME STATEMENT CHF MILLION 2025 2024 Δ Net sales 738.2 765.6 -3.6% Operating profit (EBIT) 80.5 99.0 -18.7% EBIT margin 10.9% 12.9% FTE 2,673 2,688 -0.6% Investments 35.6 27.1 31.4% Net sales in local currencies declined by 1.2% Volume declined by 0.6% and prices by 0.6% Net
Slide 11: Movement Systems Income Statement
MOVEMENT SYSTEMS INCOME STATEMENT CHF MILLION 2025 2024 Δ Net sales 347.3 356.4 -2.6% Operating profit (EBIT) 15.4 30.4 -49.3% EBIT margin 4.4% 8.5% FTE 2,383 2,329 2.3% Investments 11.4 18.1 -37.0% Net sales in local currencies increased by 1.7% Volume declined by 0.2%; prices increased by 1.9%
Slide 12: Consolidated Balance Sheet
FORBO GROUP CONSOLIDATED BALANCE SHEET CHF MILLION 2025 2024 Cash and cash equivalents 90.2 109.1 Working capital 463.4 459.2 Current assets 553.6 568.3 Non-current assets 418.3 407.5 Total assets 971.9 975.8 Current liabilities 203.8 218.3 Financial liabilities: leasing only Non-current liabiliti
Slide 13: Consolidated Cash Flow Statement
FORBO GROUP CONSOLIDATED CASH FLOW STATEMENT CHF MILLION 2025 2024 Cash flow from operating activities 74.0 135.6 Free cash flow Cash flow from investing activities (42.3) (43.8) reduction total CHF –60m Free cash flow 31.7 91.8 Profit –26m, Cash flow from financing activities (49.6) (51.1) Tax pa
Slide 14: Ordinary General Meeting April 2, 2026
FORBO GROUP ORDINARY GENERAL MEETING April 2, 2026 Unchanged dividend CHF 25 per share Board of Directors All current Board members standing for re-election Proposal of Mr. Ilias Läber as new Board member Share repurchase program 2023 – April 2, 2026 Expiring with no realization Media an
Slide 15: 2026 Ahead
JOHANNES HUBER 2026 AHEAD Media and financial analyst meeting 15
Slide 16: About Myself
JOHANNES HUBER ABOUT MYSELF Married for 29 years, 2 kids Civil Engineer, TU Vienna/Heriot-Watt University MBA, INSEAD Hilti Group (21 yrs) Initially, roles in sales and marketing 17 years EVP BU Diamond – growth, innovation, and people development Boston Consulting Group (3 yrs) Focus on indus
Slide 17: First Impression and Focus
FORBO GROUP FIRST IMPRESSION AND FOCUS Strong foundation Well known brand Broad and differentiated product portfolio Passionate team Challenges Hierarchical/inward-oriented culture Inefficiencies in operations Weak growth 1) Deliver targets 2026 2) Prepare midterm plan until September 20
Slide 18: Outlook 2026
FORBO GROUP OUTLOOK 2026 Environment stays challenging Construction industry in Europe still in weak condition US construction overall soft, growth in certain segments (e.g. data centers) Asian mature markets with soft growth Factors influencing growth and profit in 2026 New executive leader
Slide 19: Questions & Answers
QUESTIONS & ANSWERS Media and financial analyst meeting 19