Forbo Holding AG · SIX:FORN
Forbo — H1 2025 Earnings Presentation
21 slides from Forbo's earnings presentation, Jul 29, 2025
Slide 1: Presentation Half-Year Results 2025 – Media and Financial Analyst Meeting
FORBO GROUP PRESENTATION HALF-YEAR RESULTS 2025 MEDIA AND FINANCIAL ANALYST MEETING JULY 29, 2025 Bernhard Merki Chairman of the Board of Directors Andreas Jaeger Chief Executive Officer a.i./Chief Financial Officer Patrick Sparer Head Corporate Controlling & Reporting
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 ANDREAS JAEGER FINANCIAL RESULTS FIRST HALF-YEAR 2025 PATRICK SPARER ACTIVITIES, FOCUS, & OUTLOOK 2025 ANDREAS JAEGER QUESTIONS & ANSWERS Media and financial analyst meeting 3
Slide 4: Welcome & Introductory Remarks
ANDREAS JAEGER WELCOME & INTRODUCTORY REMARKS Media and financial analyst meeting 4
Slide 5: First Half-Year 2025 in a Nutshell
FORBO GROUP FIRST HALF-YEAR 2025 IN A NUTSHELL Net sales of CHF 546.9 million; a decline of 1.5% in local currencies - fully related to lower volumes Lower net sales, underutilized assets, and higher costs drove profit down, more pronounced in Movement Systems; investments in sales initiatives a
Slide 6: Financial Results First Half-Year 2025
PATRICK SPARER FINANCIAL RESULTS FIRST HALF-YEAR 2025 Media and financial analyst meeting 6
Slide 7: Financial Performance First Half-Year 2025
FORBO GROUP FINANCIAL PERFORMANCE FIRST HALF-YEAR 2025 Slight drop in net sales in local currencies Net sales decreased by 1.5% in local currencies due to muted customer investments, pricing pressure, tariff tension, and increased competition Decline in operating profit (EBIT) Due to lower sales, un
Slide 8: Divisional Performance H1 2025
FORBO GROUP – H1 2025 DIVISIONAL PERFORMANCE H1 2025 H1 2024 ∆ FLOORING SYSTEMS CHF MILLION Net sales 374.9 389.2 –3.7% Operating profit (EBIT) 37.7 48.1 –21.6% EBIT margin 10.1% 12.4% EBITDA 51.5 62.3 –17.3% EBITDA margin 13.7% 16.0% FTE 2,825 2,833 –0.3% Investments 9.6 9.0 +6.7% MOVEMENT SYSTEMS
Slide 9: H1 2025 Financial Overview Income Statement
FORBO GROUP – H1 2025 FINANCIAL OVERVIEWINCOME CONSOLIDATED – INCOME STATEMENT FULL YEAR 2022 STATEMENT Net sales declined by 4.1% in reporting CHF MILLION H1 2025 H1 2024 ∆ currency; in local currencies net sales Net sales 546.9 570.3 –4.1% declined by 1.5% due to lower volumes Gross profit 185.8
Slide 10: Consolidated Balance Sheet
FORBO GROUP – H1 2025 CONSOLIDATED BALANCE SHEET CHF MILLION 30.6.25 31.12.24 Non-current assets 401.0 407.5 Solid balance sheet with net cash of CHF 34.2 million Current assets 556.5 568.3 Cash and cash equivalents 41.7 109.1 Own shares totaling CHF 59.6 million at Working capital 514.8 459.2 s
Slide 11: Consolidated Cash Flow Statement
FORBO GROUP – H1 2025 CONSOLIDATED CASH FLOW STATEMENT CHF MILLION H1 2025 H1 2024 Cash flow from operating activities -14.6 21.6 First half-year is seasonally low in Cash flow from investing activities -15.8 -14.4 operating cash flow Cash flow from operating activities Free cash flow -30.4 7.2
Slide 12: Activities & Focus
ANDREAS JAEGER ACTIVITIES & FOCUS Media and financial analyst meeting 12
Slide 13: Market Environment and Measures
FORBO GROUP MARKET ENVIRONMENT AND MEASURES Continued weak global economy, trade tensions, geopolitical conflicts, and a strong Swiss Franc dampened sentiment and curbed customer investments Measures initiated to support continuity and profitability Initiated search for CEO, CFO and interim CF
Slide 14: Flooring Systems First Half-Year 2025 in a Nutshell
FLOORING SYSTEMS FIRST HALF-YEAR 2025 IN A NUTSHELL Solid sales performance, considering market environment Net sales in local currencies declined by 1.4% Volume declined by 0.5% and prices by 0.9% Net sales development differs by region Europe -1.9% | Americas -2.2% | Asia/Pacific +5.0% E
Slide 15: Flooring Systems Innovative New Products Launched
FLOORING SYSTEMS INNOVATIVE NEW PRODUCTS LAUNCHED Global rollout of Modul’up, the most advanced loose-lay heterogeneous vinyl flooring Introduction of Sarlon acoustic vinyl and Eternal Next, a loose-lay extension of the successful Eternal range Refreshed Furniture Linoleum collection with new
Slide 16: Movement Systems First Half-Year in a Nutshell
MOVEMENT SYSTEMS FIRST HALF-YEAR 2024 IN A NUTSHELL Net sales in local currencies declined by 1.9% Volume declined by 3.7%; prices increased by 1.8% Net sales development differs by region Europe -3.1% | Americas -2.2% | Asia/Pacific +0.7% EBIT falling short of expectations Issues in suppl
Slide 17: Movement Systems Expansion of Product Portfolio
MOVEMENT SYSTEMS EXPANSION OF PRODUCT PORTFOLIO Launch of Prolink S9.1 generation of curve belts with an adjustable collapse factor - using different modules for the inner radius Introduction of the new Transilon conveyor belts, designed for high-temperature food and raw material applications an
Slide 18: Focus Areas Second Half 2025
FORBO GROUP FOCUS AREAS SECOND HALF 2025 Filling all positions in the executive board Investing in sales force to lift net sales and improve capacity utilization Increasing sales prices in response to inflation and new tariffs Improving profitability through disciplined cost management and r
Slide 19: Outlook 2025
ANDREAS JAEGER OUTLOOK 2025 Media and financial analyst meeting 19
Slide 20: Financial Outlook for 2025
FORBO GROUP FINANCIAL OUTLOOK FOR 2025 Assuming no further deterioration in the geopolitical or economic environment in the second half of 2025, Forbo anticipates a slight year-on-year decline in net sales (in local currencies) for the full financial year. Considering the costs associated with the i
Slide 21: Questions & Answers
QUESTIONS & ANSWERS Media and financial analyst meeting 21