Press Release: Feintool: Nine-month results 2019: Decline in net sales in the third quarter of 2019

Due to the ongoing difficult economic environment, Feintool's net sales

for the first nine months of the 2019 financial year fell by 4.7% in

comparison to the previous year (by 3.7% in local currency) to CHF 486.4

million. While net sales in the high-volume parts segment fell slightly

by 0.4% to CHF 440.6 million thanks to the acquisition effect of the

electro lamination stamping business. Capital goods business suffered a

decline of 25.8% due to the reluctance to invest in the market.

In the third quarter of 2019, Feintool generated 10.7% less in net sales

compared to the same period last year (9.2% in local currency). The

acquired electro lamination stamping business contributed CHF 3.4

million (for July). The organic decline in net sales was thus 12.7% (or

11.1% in local currency).

Quarterly net sales of the System Parts segment active in high-volume

parts production fell by 4.2% (2.3% in local currency) to CHF 141.2

million. Without the acquisition effect, net sales decreased by 6.4%

(4.6% in local currency).

Net sales in the Fineblanking Technology capital goods segment decreased

to CHF 17.0 million in the third quarter, which corresponds to a decline

of 38.9% compared to the previous year.

A low in orders received

Orders received for Fineblanking Technology stood at CHF 20.8 million in

the third quarter, 23.4% lower compared to the previous year. Orders

backlog increased to CHF 28.8 million (+11.6%) during the same period.

Compared to December 31, 2018, this is still a decline of 22.8%. This

value reflects the current market situation, which reveals a significant

slowdown in the capital goods business.

Feintool System Parts customers are planning releases amounting to CHF

267.7 million in the coming six months. This value illustrates the

current market restraint.

Cautious outlook

Due to the existing political and increasing economic uncertainties,

Feintool expects these to have a depressive impact on the anticipated

net sales in all regions and markets. The extent and duration of these

negative influences are currently difficult to assess, therefore

Feintool is refraining from issuing a quantitative outlook for the

financial year 2019 for the time being. Feintool expects the market

situation to remain difficult in the second half of 2019, but

nevertheless expects to generate sustained positive net result for the

2019 financial year.

Feintool expects further growth in all regions in the coming years, due

to customer projects and new market share acquired in the current

financial year.

Overview of key financial indicators

2019 2018

Jan. 1--Sept. Jan. 1--Sept. Change (1)

30, 2019 in 30, 2018 in Change (1) in local curency

CHF milion CHF milion in % in %

-------------- -------------- ---------- -----------------

Net sales of the Feintool

Group 486.4 510.4 --4.7 --3.7

-------------- -------------- ---------- -----------------

System Parts segment 440.6 442.5 --0.4 0.7

-------------- -------------- ---------- -----------------

Fineblanking Technology

segment 60.2 81.1 --25.8 --25.9

-------------- -------------- ---------- -----------------

Orders received -- capital

goods 52.3 85.0 --38.4 --38.5

-------------- -------------- ---------- -----------------

Orders backlog -- capital

goods 28.8 45.5 --36.7 --36.8

-------------- -------------- ---------- -----------------

Expected releases -- high-volume

parts production 267.7 280.7 --4.6 --3.2

-------------- -------------- ---------- -----------------

2019 2018

Jul. 1--Sept. Jul. 1--Sept. Change (1)

30, 2019 in 30, 2018 in Change(1) in local curency

CHF milion CHF milion in % in %

-------------- -------------- --------- -----------------

Net sales of the Feintool

Group 154.6 173.2 --10.7 --9.2

-------------- -------------- --------- -----------------

System Parts segment 141.2 147.3 --4.2 --2.3

-------------- -------------- --------- -----------------

Fineblanking Technology

segment 17.0 27.8 --38.9 --39.0

-------------- -------------- --------- -----------------

Orders received -- capital

goods 20.8 27.1 --23.4 --23.5

-------------- -------------- --------- -----------------

(1) Compared to the same period in the previous year

About Feintool

Feintool is an international technology and market leader in the field

of fineblanking. This technology is characterized by its

cost-effectiveness, quality, and productivity. As a driver of innovation,

we continually push the boundaries of fineblanking and develop

intelligent solutions to meet the requirements of our customers: we not

only offer fineblanking systems with innovative tools, but also complete

productions of precise fineblanked, formed, and punched electro

lamination components in high quantities for demanding industrial

applications. The processes we use support trends in the automotive

industry. In this context, Feintool is a project and development partner

in the fields of lightweight construction/sustainability, module

variations/platforms, and alternative drive concepts such as hybrid and

electric drives. The company, founded in 1959 and headquartered in Lyss,

Switzerland, operates its own production facilities and technology

centers in Europe, the United States, China, and Japan, ensuring that it

is always close to its customers. Approximately 2 700 employees and over

80 vocational trainees work across the globe on new solutions and help

Feintool customers gain key competitive advantages.

Feintool International Holding AG

Industriering 8

3250 Lyss

Switzerland

Media spokesperson

Karin Labhart

Phone +41 32 387 5157

Mobile +41 79 609 2202

https://www.globenewswire.com/Tracker?data=x-annPJeiKxzpGl0N3kDsQRsoHV2j0M0pVthIn_A9PVbsOs84Hp2FR1tzgtDfJxmiqOhRm2bO_MB9_0v6WDIPm46JAJ8njkRVxcEb3ix6S1ol9MZSWsEL-yjbxUCTWCg

karin.labhart@feintool.com

www.feintool.com

The press release can be downloaded from the following link:

Press Release (PDF)

https://www.globenewswire.com/Tracker?data=6ZMrs2_jJQueZIDUiG8UdjpKHTLiBCZYIexeRfDNveJ3ty54vuc7T-rvxRZmvofOoP9ZGfS_46J7fBKb9il2qLwWWo-GDMhDhlffIc84RozBu8xiV7rszg7lvVhvjsNaPe2bQuE-6B2NZOGCCJ1iu8v00mTV2d7ZrUiNVkICHi2Mad-MieizvajL8pt1tW5N

(END) Dow Jones Newswires

October 29, 2019 02:00 ET (06:00 GMT)