Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Swiss tech leader Feintool reports 11% sales growth in Asia and 16% in the US but faces challenges in Europe due to electromobility uncertainties; plans to expand in India and the US.

flag Feintool, a Swiss tech leader in electrolamination stamping, fineblanking, and forming, reported CHF 390.1 million sales and an EBIT of CHF 0.2 million in H1 2024. flag Sales increased 11% in Asia and 16% in the US, but faced challenges in Europe due to uncertainties in electromobility, economic slowdown, inflation, and high energy prices. flag Feintool plans to expand in India and the US, with a focus on reducing costs, restructuring, and competitiveness. flag The company's order book is expected to reach CHF 5.7 billion by H1 2024, and it aims for an EBIT margin of over 6% for 2026.

8 months ago
3 Articles