Press Release: Nine-month results 2018: Feintool continues growing in Q3 2018

Feintool International Holding AG / Nine-month results 2018: Feintool

continues growing in Q3 2018. Processed and transmitted by West

Corporation. The issuer is solely responsible for the content of this

announcement.

In the first nine months of the 2018 financial year, Feintool increased

its net sales by 13.4% (in local currency by 11.0%) to CHF 510.4 million

compared to the previous year. Acquisitions contributed CHF 10.5 million

or 2.3 percentage points to growth. The high-volume parts segment

increased its net sales by 10.3%. The capital goods business confirmed

its significant upward trend with a 28.1% increase in net sales.

Increased net sales in Q3

In the third quarter of 2018, Feintool's consolidated sales were up

12.9% compared to the same period last year (in local currency +12.4%).

The acquired area of electro sheet stamping contributed CHF 7.5 million

(for the months of August and September). Organic growth was thus 8.0%

or 7.5% in local currency.

The System Parts segment, which is active in high-volume parts

production, increased its quarterly net sales by 8.9% (in local currency

+8.3%) to CHF 147.3 million. Net sales grew organically by 3.4% or 2.8%

in local currency. Feintool also felt the effects of the distinct

downturn in some areas - especially in Europe. Net sales in the capital

goods segment, the Fineblanking Technology segment, rose again in the

third quarter, reaching CHF 27.8 million, an increase of 5.9% compared

to the previous year.

Encouraging incoming orders in the capital goods segment

The positive incoming orders in the Fineblanking Technology segment

continued in the third quarter. At CHF 85.0 million, they exceeded the

previous year's figure by 21.4%. The order backlog also increased again

slightly to CHF 45.5 million (+7.5%).

Expected releases in the high-volume parts segment remain encouraging

Feintool's customers in the System Parts segment are planning releases

amounting to CHF 280.7 million in the coming six months. This figure is

7.9% higher than in the previous year.

Cautious outlook

For the final months of the 2018 financial year, Feintool expects

restrained business development in a market environment characterized by

political and economic uncertainty and hampered by new emission

measurement techniques. We expect to see net sales of between CHF 670

million and CHF 700 million and an EBIT margin similar to that of the

first half of 2018.

Overview of key financial indicators

2018 2017

Jan. 01 - Sept. 30, Jan. 01 - Sept. 30, Change(1)

2018 2017 Change(1) in local currency

in CHF million in CHF million in % in %

Net sales of

the Feintool

Group 510.4 450.2 13.4 11.0

System Parts

segment 442.5 401.2 10.3 7.6

Fineblanking

Technology

segment 81.1 63.3 28.1 28.1

Incoming orders

capital goods 85.0 70.0 21.4 21.3

Order backlog

capital goods 45.5 42.3 7.5 7.5

Expected

releases -

high-volume

parts

production 280.7 260.2 7.9 8.3

2018 2017

Jul. 01 - Sept. 30, Jul. 01 - Sept. 30, Change(1)

2018 2017 Change(1) in local currency

in CHF million in CHF million in % in %

Net sales of

the Feintool

Group 173.2 153.4 12.9 12.4

System Parts

segment 147.3 135.3 8.9 8.3

Fineblanking

Technology

segment 27.8 26.2 5.9 5.9

Incoming orders

capital goods 27.1 20.7 30.8 30.7

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

Profile in brief

Feintool is a globally acting technology and market leader in the

business area of fineblanking as well as a worldwide provider of

high-quality and cost-effective fineblanked, formed steel components and

punched electro sheet metalproducts. As an innovation driver, Feintool

consistently expands the boundaries of these technologies and develops

smart solutions for its customers' requirements.

On the one hand, Feintool offers complete production of precise

fineblanked and formed components as well as punched electro sheet metal

products in high volumes for demanding applications in different

industries such as automotive, industrial or energy: while on the other,

it provides complete process solutions in fineblanking and adjacent

processes.

The processes used by Feintool are ideally suited to implement

automobile industry trends. Concretely, Feintool is a project and

development partner in the field 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,

owns its production plants and technology centers in Europe, the United

States, China and Japan, always making sure to be geographically close

to its customers. Roughly 2 600 employees and 70 apprentices work

globally to develop new solutions and create key advantages for Feintool

customers.

Feintool International Holding AG

Industriering 8

3250 Lyss

Switzerland

Media spokesperson

Karin Labhart

Phone +41 32 387 51 57

Mobile +41 79 609 22 02

karin.labhart@feintool.com

www.feintool.com

The press release can be downloaded from the following link:

Press release (PDF): http://hugin.info/100443/R/2222501/870507.pdf

This announcement is distributed by West Corporation on behalf of West

Corporation clients.

The issuer of this announcement warrants that they are solely

responsible for the content, accuracy and originality of the information

contained therein.

Source: Feintool International Holding AG via Globenewswire

--- End of Message ---

Feintool International Holding AG

Industriering 8 Lyss Switzerland

ISIN: CH0009320091;

http://www.feintool.com

(END) Dow Jones Newswires

October 30, 2018 02:00 ET (06:00 GMT)