Feintool boosts orders received and sales in abridged year as well
(Thomson Reuters ONE) -
Feintool International Holding AG /
Feintool boosts orders received and sales in abridged year as well
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
The Feintool Group continued its positive business trend from 1 October to 31
December 2011. At CHF 100 million, the company received 4.6% more orders than in
the same period of the previous year. Group sales rose by 11% to CHF 101
million, while the order backlog rocketed by 28% to CHF 186 million. Despite the
persistently negative currency situation, Feintool achieved a positive result in
the abridged year as well. The company anticipates a stable trend over the
coming months.
In the 2011 abridged year (resulting from the changeover of the financial
reporting system to the calendar year), the Feintool Group continued to benefit
from the automotive industry's successful development. Despite the persistently
negative influence of the currency situation on all financial figures, the
technology company achieved a positive result. Compared with the same period of
the previous year, Feintool boosted its sales across the Group by 11.2% to CHF
101.2 million. Growth of sales in the individual business areas developed
unevenly: the Fineblanking Technology and Automation segments, which are geared
towards long-term capital goods, enjoyed considerable sales increases of 24.7%
and 37.5%, respectively. The System Parts segment, which deals in more cyclical
series parts, grew sales by 3.4%.
Orders received rise overall
At Group level, orders received were up 4.6% to CHF 100 million compared with
the same period of the previous year. The very pleasing increase in orders
(70.1%) in the automation business compensated fully for the subdued level of
orders received in the Fineblanking Technology segment. The decline of 32.0% in
the latter is due to the loss of internal orders. Orders received from third
parties were up by 6.8% to CHF 19.7 million. The figure for System Parts was
down by 8.5% year on year, which was almost entirely due to lower euro and US
dollar exchange rates.
Strong order backlog for capital goods
Compared with the same period of the previous year, the order backlog grew by
28.5% across the Group to CHF 186.2 million. Although the amount for
Fineblanking Technology fell by 15.9%, the backlog still covers the next 6 to 8
months. The order backlog for the automation business almost doubled,
corresponding to guaranteed utilization of capacity for almost a year.
Positive outlook
Business is already shaping up well for Feintool in 2012. For the 2012 calendar
year, we anticipate consolidated sales of CHF 350-390 million and an EBIT margin
of 4 to 6%.
Key financial figures in brief
+----------------------+-------------+-------------+------+--------------------+
|Figures in CHF |31.12.2011 |31.12.2010 |Change|Change |
| |(CHF million)|(CHF million)|in % |in % |
| | | | |(after adjusting for|
| | | | |currencies) |
+----------------------+-------------+-------------+------+--------------------+
|Sales | | | | |
+----------------------+-------------+-------------+------+--------------------+
|- Fineblanking | 29.4| 23.6| 24.7| 26.3|
|Technology segment | | | | |
+----------------------+-------------+-------------+------+--------------------+
|- System Parts segment| 58.7| 56.8| 3.4| 8.1|
+----------------------+-------------+-------------+------+--------------------+
|- Automation segment | 16.7| 12.1| 37.5| 47.3|
+----------------------+-------------+-------------+------+--------------------+
|Total for Feintool | 101.2| 91.0| 11.2| 15.9|
|Group | | | | |
+----------------------+-------------+-------------+------+--------------------+
|Orders received | | | | |
+----------------------+-------------+-------------+------+--------------------+
|- Fineblanking | 22.8| 33.5| -32.0| -31.5|
|Technology segment | | | | |
+----------------------+-------------+-------------+------+--------------------+
|- System Parts segment| 59.3| 64.8| -8.5| -4.4|
+----------------------+-------------+-------------+------+--------------------+
|- Automation segment | 21.0| 12.3| 70.1| 82.2|
+----------------------+-------------+-------------+------+--------------------+
|Total for Feintool | 99.99| 95.95| 4.6| 9.1|
|Group | | | | |
+----------------------+-------------+-------------+------+--------------------+
|Order backlog | | | | |
+----------------------+-------------+-------------+------+--------------------+
|- Fineblanking | 42.4| 50.4| -15.9| |
|Technology segment | | | | |
+----------------------+-------------+-------------+------+--------------------+
|- System Parts segment| 105.1| 93.3| 12.6| |
+----------------------+-------------+-------------+------+--------------------+
|- Automation segment | 46.8| 24.5 | 91.1| |
+----------------------+-------------+-------------+------+--------------------+
|Total for Feintool | 186.2| 144.9 | 28.5| |
|Group | | | | |
+----------------------+-------------+-------------+------+--------------------+
Media spokesperson
Karin Labhart
Tel. +41 (0)32 387 51 63
Fax +41 (0)32 387 54 16
Mob+41 (0)79 609 22 02
karin.labhart(at)feintool.com
The press release can be downloaded from the following link:
Press Release (PDF):
http://hugin.info/100443/R/1579594/493086.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Feintool International Holding AG via Thomson Reuters ONE
[HUG#1579594]
Unternehmensinformation / Kurzprofil:
Datum: 24.01.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 106936
Anzahl Zeichen: 7636
contact information:
Town:
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Kategorie:
Business News
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