Feintool International Holding : Guidance 2024 suspended after a false start
>H1 down sharply - 2024 guidance suspended - Feintool announced yesterday that it was suspending its 2024 guidance after posting H1 revenues down 13.3% y-o-y (-10.8% l-f-l) to around CHF 390m. Note that Feintool was initially forecasting sales of CHF 800-850m for 2024, implying a slight decline of 5.6%, or stable activity, and an EBIT margin of close to 4%, implying an increase of 70bp. The main reason for the group suspending its targets for 2024 is the complicated ...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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