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.

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. 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. Feintool plans to expand in India and the US, with a focus on reducing costs, restructuring, and competitiveness. 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.

August 21, 2024
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