Forbo's Flooring Sales Declined 9.3% YOY, Group Profit Flat

Malmo, Sweden, March 13, 2024-Forbo announced 2023 sales of CHF 796.5 million for its flooring business, a 9.3% decline from 2022’s CHF 878 million.

Group profit, including both Forbo’s flooring and movement businesses, was CHF 102.3 million, up marginally compared to CHF 101.4 million in 2022.

The company reports that it holds roughly 70% of linoleum marketshare worldwide.