Feintool International Holding : 2024 penalised by challenging market in Europe – No new guidance provided
>H1 sales down 13% to CHF 390m – EBIT of CHF 0.2m (vs CHF 9.2m est.) - Feintool just reported its H1 results which came below our expectations in terms of profitability. H1 revenues was sharply down by 13.3% y-o-y (-10.8% l-f-l) to CHF 390.1m, as announced, affected by a challenging market environment Europe (uncertainties over electromobility, economic slowdown, inflation and high energy prices) leading to a decline in EV market and industrial business for electric m...Feintool International Holding AG is a Switzerland-based holding company involved in the provision of fineblanking technology, automation equipment and plastic and metal components. The Company is divided into three business segments: Feintool Fineblanking Technology; Feintool System Parts, and Feintool Automation. In addition, it also operates internal business segment Finance/Other describing its holding activities. The Feintool Fineblanking Technology business segment comprises the development, manufacture and sale of presses, tools, peripheral systems and all related services. The Feintool System Parts business segment develops, manufactures and sells system components and assemblies using fineblanking technology. The Feintool Automation business segment offers a range of assembly systems. The Company operates through subsidiaries located in Switzerland; Germany, notably Gabler Feinschneidtechnik GmbH; the United States; Japan and China.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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