Brief: Feintool International FY 2016 sales up at CHF 552.2 mln

Feintool International Holding AG

08/03/2017 06:00

March 8 (Reuters) - Feintool International Holding AG 
 FTON.S : 
    * Generated sales of 552.2 million Swiss francs ($544.90 
million)in 2016 financial year, which corresponds to an increase 
of 8.5% 
    * FY EBIT increased by more than 20% compared to previous 
year, to more than chf 41 m. 
    * FY consolidated net income of 32.1 million Swiss francs 
overall, which equates to a margin of 5.8% 
    * Will therefore propose to annual general meeting on April 
25, 2017, that it increase dividend from capital contributions 
by one-third to 2.00 francs per Feintool share 
    * Feintool is generally expecting to develop positively in 
2017, albeit in market conditions that are shaped by political 
uncertainty 
    * Without influence of latest acquisition of Chinese forming 
plant, we expect turnover of around 580 mln Swiss francs and an 
EBIT margin of 7.5% - 8% 
 
Source text for Eikon:  ID:nGNEc1TPSf  
Further company coverage:  FTON.S  
 
($1 = 1.0134 Swiss francs) 
 
 (Gdynia Newsroom) 
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