Feintool again confirmed the positive development this year in the third quarter. In the first nine months of financial year 2017, Feintool increased its sales by 8.0% (in local currency by 8.1%) to CHF 450.2 million compared to the previous year. The high-volume parts segment increased its net sales by 10.4%. Sales in the investment goods segment declined by 5.2%, but recently showed a clear upward trend.

Increased sales in Q3

In the third quarter of 2017, Feintool Group sales were up 10.8% compared to the same period last year (in local currency +9.5%).

The System Parts segment, which is active in high-volume parts production, increased its quarterly sales by 11.4% (in local currency +9.9%) to CHF 135.3 million. Despite some manufacturers reducing production owing to company holidays, the global automotive market remained robust during the summer months. Feintool benefited once again from this overall favorable environment, whereby the growth was mainly driven by the European locations.

Sales in the investment goods segment, the Fineblanking Technology segment, rose significantly in the third quarter, reaching CHF 26.2 million, an increase of 17.2% (in local currency +17.4%) over the previous year.


Encouraging order intake in the capital goods segment

The order intake of the Fineblanking Technology segment recovered significantly after a weaker first half-year, and is 18.3% higher than the prior-year period after the first nine months. The order backlog also recorded an increase of 16.6%.

Expected releases in the high-volume parts business remain encouraging

Feintool's customers in the System Parts segment are planning releases amounting to CHF 260.2 million in the coming six months. This figure is 16.6% higher than in the previous year.


Optimistic Outlook


For 2017 as a whole, Feintool expects to continue its positive business development despite a market environment characterized by political uncertainties. A total of CHF 580 million to CHF 600 million in sales and an EBIT margin of around 7.6% are expected.

The financial key figures at a glance

2017
01.01.-30.09.2017
in CHF m

2016
01.01.-30.09.2016
in CHF m

Change1)

in %

Change1)
in local currency
in %

Sales Feintool Group 450.2 416.9 8.0 8.1
System Parts segment 401.2 363.4 10.4 10.5
Fineblanking Technology segment 63.3 66.8 -5.2 -5.0
Orders received (Investment goods) 70.0 59.2 18.3 18.4
Order backlog (Investment goods) 42.3 36.3 16.6 16.7
Expected Releases high-volume parts production 260.2 223.1 16.6 14.1
2017
01.07.-30.09.2017
in CHF m

2016
01.07.-30.09.2016
in CHF m

Change1)

in %

Change1)
in local currency
in %

Sales Feintool Group
 153.4 138.4 10.8 9.5
System Parts segment 135.3 121.4 11.4 9.9
Fineblanking Technology segment 26.2 22.4 17.2 17.4
Orders received (Investment goods) 20.7 16.2 27.5 27.6

1) Compared to the same period in the previous year

Feintool International Holding AG published this content on 31 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 October 2017 10:12:12 UTC.

Original documenthttps://www.feintool.com/en/newsroom/news/news/news/detail/News/feintool-continues-growing-in-q3/

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