Ad hoc announcement pursuant to Art. 53 LRFeintool achieved a solid performance in the 2023 fiscal year, with consolidated group sales reaching CHF 847.7 million, a slight increase from the previous year’s CHF 833.8 million. The appreciation of the CHF against the EUR, USD, CNY and JPY cost Feintool CHF 39.4 million in sales in 2023.In Europe, the year under review posed challenges for Feintool – partly because the industrial business suffered sales losses due to economic fluctuations. However, the outlook remains optimistic.In North America, Feintool leveraged its strengths in the consolidating market, securing new orders in 2023 – even against competitors that had received prior orders. This success strengthened the market position and the company is currently expanding the site in Nashville to meet the increased demand.Feintool underwent an ESG (Environmental, Social, and Governance) rating conducted by Morningstar/Sustainalytics in 2023 and achieved “Low Risk” status with 17.7 points. This puts the company in the top 19 per cent of its peers.At the upcoming Annual General Meeting on April 23, 2024, Martin Klöti will be proposed as a new member of the Board of Directors of Feintool International Holding AG. Since last November, he has served as CFO and a member of the Executive Committee of the Artemis Group, which holds a majority stake in Feintool. For 20 years, Martin Klöti worked for the Schweiter Technologies Group in various management positions, including as CFO from 2014.Leveraging e-lamination stamping, Feintool has been producing and marketing products, particularly e-motor cores for electromobility, contributing to the ongoing transformation in the automotive industry. This technology is also applied to components for wind turbines and industrial products. At the same time, the company continues to excel with its forming and fineblanking technologies, not only in the automotive sector but also in emerging areas such as hydrogen technology. Feintool is globally present, demonstrating not only its products and extensive expertise in its traditional businesses but also in developments for future markets.Despite the challenging market conditions, Feintool anticipates slight organic growth and a further improvement in profitability for the 2024 financial year: We expect to generate sales of around CHF 800 – 850 million with an EBIT margin of approximately 4%. We are confirming our medium-term targets (> CHF 1 billion in sales with an EBIT margin of 6 – 8% in 2026).(Continuing operations only)in CHF Mio.in CHF Mio.in %in %^{23250 Lyss
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