Further rise in sales and orders received at Feintool
(Thomson Reuters ONE) -
Feintool International Holding AG /
Further rise in sales and orders received at Feintool
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Feintool Group: report on 1st quarter 2010/11
In the period 1 October - 31 December 2010, the favourable trend at Feintool
Group continued. The volume of orders came to CHF 107.7 m, 17% higher than in
the same period of the previous year. Group sales rose by an impressive 23% to
CHF 102.6 m, while the orders backlog surged 32% to CHF 152.3 m. Despite adverse
currency developments, Feintool posted a positive result in the first quarter.
The technology group expects business to hold steady in the next few months.
In the first three months of financial year 2010/2011, Feintool Group was able
once again to benefit from the buoyancy of the automotive industry. Although
exchange rates had an adverse impact on all its financial figures, the
technology group generated a positive result. Group-wide, Feintool lifted its
sales year-on-year by a substantial 23% to CHF 102.6 m. Turnover trends differed
from one area of business to another: the Fineblanking Technology segment, which
operates in the long-term capital goods sector, lifted it sales by a hefty 68%.
The System Parts segment, which had already performed strongly in the equivalent
period of 2009/10, posted a further 14% gain in sales. And the Automation
segment increased its sales by 12% even though, due to long lead times, the
recovery is only just starting to reach this area.
Further increase in orders received
The trend in orders received was gratifying: at Group level, they increased by
17% to CHF 107.7 m year-on-year. All segments contributed to this encouraging
trend. While orders received by the Automation business almost doubled (up
45%), the Fineblanking Technology and System Parts segments saw increases of
19% and 9% respectively.
Orders in hand for six months
The orders backlog increased by a total of 32% versus the previous year to CHF
152.3 m. For the two segments oriented to investment goods, the rise came to
50% (Fineblanking Technology) and 43% (Automation). In series production, the
orders backlog expanded by a further 24%. This means that there are orders in
hand for about six months.
Optimistic outlook
Barring any further deterioration in the currency situation, Feintool expects
sales and EBIT performance to remain stable in the next few months. For the
whole of financial year 2010/11, the Feintool Group is confirming the guidance
it issued at the beginning of the financial year - namely, for sales of CHF
390-410 m and EBIT of CHF 12-16 m.
Key financial figures in brief
+--------------------------+----------+----------+------+----------------------+
|Figures in CHF |31.12.2010|31.12.2009|Change| Change|
| | (CHF m)| (CHF m)| (%)| (%, ad-justed for|
| | | | | exchange rates)|
+--------------------------+----------+----------+------+----------------------+
|Sales | | | | |
+--------------------------+----------+----------+------+----------------------+
|- Segment Fineblanking | 23.7| 14.2| 67.5| 67.7|
|Technology | | | | |
+--------------------------+----------+----------+------+----------------------+
|- Segment System Parts | 58.0| 51.0| 13.8| 19.8|
+--------------------------+----------+----------+------+----------------------+
|- Segment Automation | 22.4| 20.0| 12.0| 24.4|
+--------------------------+----------+----------+------+----------------------+
|Feintool Group total | 102.6| 83.4| 23.1| 29.8|
+--------------------------+----------+----------+------+----------------------+
|Orders received | | | | |
+--------------------------+----------+----------+------+----------------------+
|- Segment Fineblanking | 18.4| 15.5| 18.8| 19.0|
|Technology | | | | |
+--------------------------+----------+----------+------+----------------------+
|- Segment System Parts | 65.8| 60.4| 9.0| 15.5|
+--------------------------+----------+----------+------+----------------------+
|- Segment Automation | 23.4| 16.1| 45.3| 61.4|
+--------------------------+----------+----------+------+----------------------+
|Feintool Group total | 107.7| 92.0| 17.0| 24.1|
+--------------------------+----------+----------+------+----------------------+
|Orders backlog | | | | |
+--------------------------+----------+----------+------+----------------------+
|- Segment Fineblanking | 27.1| 18.1| 50.0| |
|Technology | | | | |
+--------------------------+----------+----------+------+----------------------+
|- Segment System Parts | 94.3| 76.2| 23.7| |
+--------------------------+----------+----------+------+----------------------+
|- Segment Automation | 30.9| 21.6 | 43.3| |
+--------------------------+----------+----------+------+----------------------+
|Feintool Group total | 152.3| 115.8 | 31.5| |
+--------------------------+----------+----------+------+----------------------+
For more information, please contact Karin Labhart, Media Spokesperson, at any
time by calling +41 (0)32 387 51 63 or e-mailing karin.labhart(at)feintool.com.
Feintool International Holding AG
Industriering 8, CH-3250 Lyss
Phone +41 (0)32 387 51 11
Telefax +41 (0)32 387 57 81
feintool-fim(at)feintool.com
www.feintool.com
The press release can be downloaded from the following link:
--- End of Message ---
Feintool International Holding AG
Industriering 8 Lyss Schweiz
ISIN: CH0009320091;
Press Release (PDF):
http://hugin.info/100443/R/1481875/417182.pdf
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Source: Feintool International Holding AG via Thomson Reuters ONE
[HUG#1481875]
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Datum: 24.01.2011 - 18:30 Uhr
Sprache: Deutsch
News-ID 50685
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contact information:
Town:
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Kategorie:
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