Feintool presents encouraging preliminary key figures for the first half of 2021 and secures its financing
The technology group Feintool will achieve sales of around CHF 300 million in the first half of 2021, driven by the recovery of the automotive industry. Thanks to the high capacity utilization of the plants and their increased profitability, an operating EBIT margin of around 6% is expected. Furthermore, long-term financing is secured by a renewed promissory note of EUR 35 million.
Feintool will realize sales of around CHF 300 million in the first half of 2021. The group benefited in particular from the recovery in the automotive industry. High releases from customers in the parts business segment (System Parts) led to high capacity utilization and a pleasing operating EBIT margin of around 6%.
Feintool issues a promissory note of EUR 35 million with maturities of three, five and seven years. On the one hand, the technology group thus secures the refinancing of the EUR 25 million tranche expiring in July 2021 and on the other hand it enables Feintool to secure a part of the investments for its growth strategy in the coming years at favorable conditions.
The full semi-annual financial statements, the 2021 report on half-year figures as well as an outlook for the financial year 2021 will be published on August 19, 2021, on the occasion of a media conference.