2018
Feintool continues growing in Q3 2018
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 Jan. 01 – Sept. 30, 2018 in CHF million | 2017 Jan. 01 – Sept. 30, 2017 in CHF million | Change 1) | Change 1) | |
| 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 Jul. 01 – Sept. 30, 2018 in CHF million | 2017 Jul. 01 – Sept. 30, 2017 in CHF million | Change 1) | Change 1) in local currency 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