The CHF 8.3 million increase in sales was achieved thanks to efficient processing of the healthy order portfolio from the last business year and on-time deliveries in all three segments. The Fineblanking/Forming and Automation segments are still feeling the positive trend. The Plastic/Metal Components segment is pressing ahead with the implementation of its globalization strategy, but this will have a negative impact on its results in the short term.
Order intake in the first three months of the financial year was also up on the year-back period. The Group's strategy of focussing on technology and marketing innovations is paying off. The project lists for investment goods and component supply activities are extensive, but far-reaching globalization means this is a challenging and fiercely contested area. Feintool is also responding to customer requirements by increasing its capacities in fast-growing regions.
For further information, please contact:
Reto Hartmann, CEO and Reto Welte, CFO, phone +41 (0)32 387 51 11
The media release can be downloaded from the following link:
