Brief: Feintool International FY net income rises by 88 pct to CHF 35 mln

Feintool International Holding AG

03/03/2015 05:57

March 3 (Reuters) - Feintool International Holding AG 
 FTON.S : 
    * Reports full year 2014 sales growth of 16 percent 
year-on-year to 503 million Swiss francs ($525.55 million) 
    * Full year operating profit (EBIT) rises by 73 percent rise 
to 35 million francs 
    * Full year net income, including the gain resulting from 
the sale of the automation segment, increases by 88 percent to 
35 million francs 
    * Even without this extraordinary effect, full year net 
income increases by 66 percent 
    * Proposes to the annual general meeting a 25 percent higher 
dividend of 1.50 franc per Feintool share 
    * Continues to target sales of 600 million francs and an 
operating margin of 8 percent in the medium term 
    * Expects business performance to be basically positive in 
2015 
 
Source text: http://bit.ly/1GKLv7g 
Further company coverage:  FTON.S  
 
($1 = 0.9571 Swiss francs) 
 
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