Feintool International Holding AG / Further rise in sales and orders received at Feintool Processed and transmitted by Thomson Reuters. The issuer is solely responsible for the content of this announcement.

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
(CHF m)		 31.12.2009
(CHF m)		 Change
(%)		 Change
(%, ad-justed for exchange rates)
Sales        
- Segment Fineblanking Technology 23.7 14.2 67.5 67.7
- 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 Technology 18.4 15.5 18.8 19.0
- 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 Technology 27.1 18.1 50.0  
- 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@feintool.com:
mailto:karin.labhart@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@feintool.com:
mailto:feintool-fim@feintool.com
www.feintool.com:
http://www.feintool.com


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Press Release (PDF):
http://hugin.info/100443/R/1481875/417182.pdf

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Source: Feintool International Holding AG via Thomson Reuters ONE


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