Press Release: Strong quarterly result for Feintool

Feintool International Holding AG / Strong quarterly result for Feintool

. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is

solely responsible for the content of this announcement.

From January 1 to March 31, 2018, the technology company achieved net

sales of CHF 161 million. Adjusted for currency effects, this equates to

an increase of 8.8%. The high-volume production business grew by 6.7%

without the influence of exchange rates, the capital goods segment

showed very pleasing growth in net sales of 32.1%.

The ongoing positive market environment in combination with the strong

positioning on the market helped the company achieve a successful first

quarter in 2018. Group-wide, the Feintool Group achieved net sales of

CHF 161.3 million, signifying growth in the reporting currency of 11.2%.

Adjusted for currency effects, this equates to an increase of 8.8%. The

effect of last year's acquisition in China amounted to 2.1%.

Business in the System Parts segment, with the high-volume production of

sophisticated precision components, increased again. The segment was

able to hold its ground in a difficult market environment. Net sales

rose here by 9.4% to CHF 145.0 million, which, adjusted for currency

effects, equates to an increase of 6.7%. The forming plant acquired in

China contributed 2.3% to this growth. While business in Asia and Europe

increased significantly, the American business saw a fall in net sales.

The press and systems business in the Fineblanking Technology segment,

on the other hand, the first quarter of 2018 saw a welcome visible

upturn in net sales. Feintool recorded an increase in net sales of 31.9%

or, adjusted for currency effects, 32.1% to CHF 22.6 million.

Rise in order entry in capital goods business good order backlog

The Order entry in the Fineblanking Technology segment also showed a

positive result, rising by 9.1% to CHF 29.3 million. The order backlog

also increased by 18.2% to a high CHF 53.0 million. The extent of the

order backlog in the Fineblanking Technology capital goods business is

now over eight months.

Expected releases in the high-volume parts segment achieve record values

again

The expected releases for the next six months mark a new record value in

Feintool's company history, rising by 22.1% to CHF 289.6 million.

However, there has been increased volatility in this leading indicator

of late.

Extensive new orders gained

In Asia, Feintool received various orders from renowned customers, which

in future will generate annual net sales of around CHF 30 million. As a

result, Asia is continuing to gain in significance in the long term as a

growth market.

Confident outlook

For the 2018 financial year, we expect to continue our positive business

development despite a market environment characterized by political

uncertainties. Overall, we expect net sales of CHF 630 to 650 million

and an EBIT margin of 7.5 to 8%.

The financial key figures at a glance

Change

adjusted for

3/31/2018 in 3/31/2017 in currency

Figures in CHF CHF m CHF m Change in % effects in %

Consolidated net

sales Feintool

Group 161.3 145.0 11.2 8.8

Fineblanking

Technology

segment 22.6 17.1 31.9 32.1

System Parts

segment 145.0 132.5 9.4 6.7

Orders received

investment goods

business

Fineblanking

Technology

segment 29.3 26.9 9.1 9.3

Order backlog

investment goods

Fineblanking

Technology

segment 53.0 44.8 18.2 18.9

Expected releases

high-volume parts

segment

System Parts

segment 289.6 237.1 22.1 17.9

Profile in brief

Feintool is an internationally active technology and market leader in

the field of fineblanking. This technology is distinguished by

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

Feintool continually pushes the boundaries of fineblanking and develops

intelligent solutions for customers' ideas with two possibilities: On

the one hand, our fineblanking systems and innovative tools and, on the

other hand, the complete production of precise fineblanking and formed

components in high outputs for demanding industrial applications.

Feintool covers the entire process chain. The processes applied by

Feintool support the trends of the automobile industry. Thus, Feintool

is a project and development partner in the field of lightweight

construction, module variations and alternative drive concepts, such as

hybrid and electric.

The company, founded in 1959 and headquartered in Lyss, Switzerland, has

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

States, China and Japan, so it is always near its customers. Around

2,500 employees and over 80 trainees work worldwide on new solutions and

create key advantages for Feintool's customers.

Feintool International Holding AG

Industriering 8

3250 Lyss

Switzerland

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/2186399/845154.pdf

This announcement is distributed by Nasdaq Corporate Solutions on behalf

of Nasdaq Corporate Solutions 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

April 24, 2018 01:00 ET (05:00 GMT)