Forbo Holding Full Year 2024 Earnings: Misses Expectations

Forbo Holding (VTX:FORN) Full Year 2024 Results

Key Financial Results

• Revenue: CHF1.12b (down 4.5% from FY 2023).
• Net income: CHF95.1m (down 7.0% from FY 2023).
• Profit margin: 8.5% (down from 8.7% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CHF67.45 (down from CHF72.57 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Forbo Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Building industry in Switzerland.

Performance of the Swiss Building industry.

The company's shares are down 12% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Forbo Holding that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.