SUSTAINABLE
VALUE CREATION
Social responsibility and environmental protection are fundamental­Forbo values. We are committed to protecting the environment andinvesting in a sustainable future. As a responsible manufacturer andemployer, Forbo sets very high standards for health, safety, the environment and quality.
SOCIAL DIMENSION. Forbo promotes the necessary capabilities
and competences at all organizational levels, and supports this internally with seminars and further training activities. The divisions provide
internal trainings in a wide range of areas covering products and applications, health and safety, sales and marketing, finance, operations,project management, strategy implementation as well as Forbo values.
In collaboration with the University of St. Gallen, other external partners
and internal specialists, a practice oriented training program is being offered on Group level for senior managers, persons in key positions, andjunior managers. It consists of various modules with the aim to improve
leadership and management skills so that managers are equipped tomeet ever higher requirements and to make a direct contribution to thesustainable success of Forbo.
ENVIRONMENTAL DIMENSION. Preserving the environment andgenerating environmental added value are decisive factors in all Forbo’s developments and investments. Minimizing our environmental
footprint is a top priority, and both divisions are fully committed tooptimizing production processes so as to minimize water and energy
consumption, reduce emissions, and reuse heat generated in production processes as well as to reduce, and wherever possible, recycle usedmaterials. F­ looring ­Systems linoleum floor coverings are made from natural raw materials. They are biodegradable and carbon-negative (cradleto gate), without offsetting. In the manufacture of its heterogenous vinyl
floor coverings, Forbo uses phthalate-free plasticizers of the latest generation. Textile floor coverings contain up to 45 percent recycled material in relation to their total product weight. The Movement Systems
BioBelt is a conveyor belt made of 20 percent or more renewable raw
materials. The AmpMiser conveyor belt enables energy savings of up to50 percent.
ECONOMIC DIMENSION. As a listed company, Forbo also engages intensively with the economic dimension of sustainability on a daily basis,
with the aim of creating sustainable value for the stakeholders. Compliance is of enormous importance for the reputation and positioning ofa company. Forbo uses e-learning tools to train employees worldwide
on topics such as the code of conduct, competition law, anticorruption,
respectful behavior, IT security, as well as data protection and it regularly executes the defined processes on risk management and internalcontrols.
A binding commitment set out in the Code of Conduct is that Forbo
does not tolerate any form of discrimination on the grounds of race,gender, belief, religion, background, disability, age, sexual orientation,
political opinion, or other characteristics.

FLOORING SYSTEMS
Floor coverings production sites
Building and construction adhesives
production sites
MOVEMENT SYSTEMS
Production sites andfabrication centers

PRODUCTION SITESFLOORING SYSTEMSPRODUCTION SITESMOVEMENT SYSTEMS

15 manufacturing sites in 7 countries

10 roll production sites and 6 fabrication centersin 9 countries

Local entities in 27 countries
Sales offices in Europe, Americas as well as Asia/Pacific

FRANCE
Château-Renault
Reims

RUSSIA
KalugaStary Oskol

GERMANY
ErfurtSWITZERLAND
GiubiascoNETHERLANDS
Assendelft
Coevorden
Krommenie
Wormerveer

UNITED KINGDOM
Bamber Bridge
Kirkcaldy
RipleyTelfordUSA
Hazleton

Local entities in 32 countries
More than 300 sales and service points worldwide

BRAZIL
Itapevi

JAPANFukuroi

CHINA
PinghuShenyang

MEXICO
Tlalnepantla

DENMARK
Lunderskov
GERMANYGarbsenHannoverSLOVAKIA
Malacky
SWITZERLAND
Wallbach
USACharlotte NC
Huntersville NC

CONTACT ADDRESSESFLOORING SYSTEMS
Forbo Flooring B. V.
Industrieweg 12
P.O. Box 13
NL-1560 AA Krommenie

MOVEMENT SYSTEMS
Forbo Siegling GmbH
Lilienthalstrasse 6/8P.O. Box 5346
DE-30179 Hannover

FORBO MANAGEMENT LTD
Lindenstrasse 8P.O. Box 1339
CH-6341 Baar

Phone +31 756 477 477

Phone +49 511 6704 0

Phone +41 58 787 25 25

www.forbo.com/flooringwww.forbo.com/movement

www.forbo.com

FORBO – IN
EVERYDAY
LIFE
flooring. movement.

BOARD OF DIRECTORSThis E. Schneider

Michael Pieper

ChairmanVice Chairman

Claudia
Coninx-Kaczynski

Jörg Kampmeyer

Dr. Eveline Saupper

Vincent Studer

Bernhard Merki

MemberMemberMemberMemberMemberEXECUTIVE BOARD

THE FORBO GROUP
Forbo is a leading producer of floor coverings, building and construction adhesives, as well as belts for power transmission andlightweight conveyor technology. The company employs about
5,200 people and has an international network of 25 production and distribution companies, 6 fabrication centers and 47
sales organizations in a total of 39 countries worldwide. Forbo
is headquartered in Baar in the canton of Zug, Switzerland. TheGroup company ­Forbo Holding Ltd is listed on the SIX Swiss Exchange.
Forbo is a global player, and its two divisions supply a wide
range of industries. The Group‘s global reach means that it isclose to attractive markets and customers. The quality, longevity, and performance of our products and systems lead to longstanding relations with our business partners.

MOVEMENT SYSTEMSThe Flooring Systems division offers a broad and attractive
range of environmentally friendly natural linoleum, high-quality
vinyl floors, entrance flooring systems for cleaning and drying
shoes, carpet tiles, needle felt, and Flotex, the washable textile
flooring. Thanks to their excellent technical properties and attractive design, these flooring solutions are invariably the first
choice for public buildings, department stores, hospitals andhealthcare facilities, schools, libraries, commercial offices, leisurecenters, hotels, restaurants, and cafeterias and are also used in
the residential market. With a market share of about 70 percent,Forbo is the world market leader in linoleum.

Movement Systems is a global industry leader providing topquality power transmission belts, sophisticated conveyor andprocessing belts, as well as plastic modular, timing, and flat
belts made of synthetic materials. These products are known
under the brand name Siegling. They are used in a wider range
of applications in the industry, trade, and the service sector, forexample as conveyor and processing belts in the food industry,as treadmill belts in fitness studios, and flat belts in mail distribution centers.

Under the brand name Eurocol, Flooring Systems also provides
ready-made adhesives for flooring installations, parquet and ceramic tiles, as well as leveling compounds for the constructionindustry.

FORBO IN FIGURES

2023

NET SALESCHF 1,175.2 m

OPERATING PROFIT (EBIT)

CHF 129.9 m

EBIT MARGIN

11.1%

GROUP PROFIT

CHF 102.3 m

NET CASH

CHF 69.0 mFREE CASHFLOWCHF 160.0 m

EQUITY RATIO

61.4%

EARNINGS PER SHARE (UNDILUTED)

CHF 72.55

DIVIDEND

CHF 25.00

STOCK MARKET CAPITALIZATION

CHF 1,565.2 m(DECEMBER 31, 2023)

EMPLOYEES

5,190

flooring. movement.

FOOD

Baked goods and pasta | meat and poultry | dairy products | fish |fruit and vegetables | beverages

Reliable partner for the construction industry and for floor installers.

FLOORING SYSTEMS IN FIGURES

2023

Automotive and tyre industry | plant construction and engineering |chemical industry | solar and water power industry | recycling industry

RAW MATERIALS

Marc Deimling

Executive Vice President
Flooring Systems

Executive Vice President
Movement Systems

STRATEGIC DIRECTIONS
To be successful in the market place as a Group with differently aligned
operations, the individual divisions act independently and flexibly, but
always along the strategic directions defined for the Group as a whole:– We are developing significant positions in growth markets.
– We are acquiring companies to extend our product range, to consolidate and / or reinforce market access.
– We are developing a high-performance culture and providing therelevant skills and competences at all levels.

Wood based panel industry | furniture and veneer processing |furniture | marble and stone | ceramics and gypsum plasterboard |insulation and glass production

LOGISTICS

Airports | distribution centers | checkstands | cold storage houses |intralogics (materials handling)

SPORTS

Treadmill belts | skiing and free climbing belts | conveyor belts forleisure parksTEXTILE

Yarn manufacturing | man-made fiber and nonwoven industry |fabric printing | apparel industry

MOVEMENT SYSTEMS IN FIGURES

2023

NET SALESCHF 796.5 m

NET SALESCHF 378.7 m

OPERATING PROFIT (EBIT)CHF 94.9 m

OPERATING PROFIT (EBIT)CHF 44.3 m

EBIT MARGIN

11.9%

EBIT MARGIN

11.7%

EMPLOYEES

2,741

EMPLOYEES

2,408(FTE‘s PER DECEMBER 31, 2023)

creating better environments

Jean-Michel Wins

Chief Financial Officer– Thanks to a strong market orientation, we shape markets and drive
profitable growth.

INDUSTRIAL PRODUCTION(FTE‘s PER DECEMBER 31, 2023)(FTE‘s PER DECEMBER 31, 2023)

INDUSTRY SEGMENTS

Paper and tissue manufacturing | converting industry |paper packaging industry | web and digital printing | letter sorting

HEALTHCAREAGED CAREEDUCATIONOFFICES, PUBLIC BUILDINGS AND MULTI-UNIT HOUSINGRETAILINDOOR SPORT FACILITIESTRANSPORT (BUS, COACH TRAINS AND MARINE VESSELS)
INDUSTRY, CLEANROOM AND IT ENVIRONMENTSGASTRO, HOSPITALITY AND LEISURE
SURFACE FINISHING FOR FURNITURE, DOORSAND KITCHEN CABINETSRESIDENTIAL AND SOCIAL HOUSE BUILDING

Andreas Jaeger– Based on a pronounced customer focus, a high level of service,innovation, sustainability, digital transformation and a strong globalbrand, we are creating global leadership positions in clearly definedmarket segments.

PAPER AND PAPER PRINTINGCUSTOMER SEGMENTS

Jens Fankhänel

Chief Executive Officer

FLOORING SYSTEMS

Siegling – total belting solutions

THE FORBO SHARE
FORN
SPI

The Forbo share in comparison to the SPI
CHF%

2,100
2,000
1,900
1,800
1,700
1,600
1,500
1,400
1,300
1,200
1,100
1,000
900
800
700
600
500
400
300
200

490
450
410
370
330
290
250
210
170
130
90
50
10-30
2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024