Feintool International Holding AG Sales Results for the Nine Months of 2012; Reiterates Earnings Guidance for the Year 2012
Feintool International Holding AG announced sales results for the nine months of 2012. For the period, the company reported sales increased by 15.4% year-on-year current financial year to CHF 310.5 million. Excluding the effects of the acquisition of forming specialist Herzing + Schroth and the disposal of IMA Automation Berlin, sales growth amounted to 8.7%. Due to the weaker economic situation in Europe, orders received fell by 7.4% to CHF 297.2 million in the same period.
The company also reiterates earnings guidance for the year 2012. For the year, the company expects sales of CHF 400 million to CHF 450 million, though now closer to the lower end of this range and EBIT of 4% to 6%.