Feintool reports sharp rise in volumes in first quarter of fiscal
2007/08
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announcement.
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Feintool Group, the leading technology and systems provider for
fineblanking/forming and assembly automation and a global supplier of
metal and plastic components to the automotive industry, has started
the 2007/08 financial year with a strong first quarter. Compared with
the same period of the previous year, sales rose 20.6% to CHF 143.6
million while order intake was up 23% and orders in hand soared by
38.9%. Given that numerous fineblanking systems were delivered in the
first quarter and that the US credit crisis could impact the level of
business on local markets, volumes are expected to be somewhat lower
in the next quarters.
The healthy year-on-year rises posted by the two segments
Fineblanking/Forming (+ CHF 14.1 m or 17.6%) and Automation (+ CHF 11
m or 48.4%) can be ascribed to the large backlog of orders from the
previous year. In the Plastic/Metal Components segment, the renewed
fall in sales - for which a warning had already been issued - was
kept to a moderate CHF 0.4 m or 2.5%.
The impressive rise in order intake and outstanding orders was due to
the successful implementation of numerous interesting projects,
mainly in Europe. Developments at the US production facilities are
less encouraging: they are reporting lower volumes owing to the
nervousness engendered by the credit crisis.
For further information, please contact:
Joachim Kaufmann, CEO, phone +41 (0)32 387 51 11
Feintool is a leading technology and systems provider in
fineblanking/forming and assembly automation. It is also a global
supplier of metal and plastic components.
Feintool operates globally at the company's own facilities in
Switzerland (head office in Lyss), Germany, France, Italy, Great
Britain, the United States, Japan and China, where around 1900
employees are committed to customer satisfaction.
Feintool International Holding
Industriering 8, CH-3250 Lyss
Phone +41 (0)32 387 51 11
Fax +41 (0)32 387 57 81
feintool-fim@feintool.com
www.feintool.com
Corporate Communications
Urs Feitknecht
Phone +41 (0)32 387 51 63
Fax +41 (0)32 387 54 16
Mobile 079 204 41 13
urs.feitknecht@feintool.com
The media release can be downloaded from the following link:
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Feintool International Holding
Industriering 8 Lyss Schweiz
WKN:
905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SWX Swiss Exchange;
