Brief: Feintool International Holding H1 sales up 14 pct at CHF 279 million

Feintool International Holding AG

23/08/2016 05:59

Aug 23 (Reuters) - Feintool International Holding AG 
 FTON.S : 
    * With 279 million Swiss francs ($290.26 million) between 
January 1 and June 30, 2016, Feintool increased its sales by 14 
percent - 10 percent when adjusted for currency effects 
    * H1 operating profits increased by as much as 46 percent 
compared to the previous year (by 38 percent when 
currency-adjusted) to 21 million Swiss francs 
    * In light of these numbers, Feintool is increasing its 
guidance for the financial year 2016 
    * FY 2016: Feintool is increasing its guidance and predicts 
sales growth of 10 pct to 555 million francs with an EBIT margin 
of 7.5 pct 
    * CEO change as of September 1 2016 
    * Heinz Loosli will wind up his 7 years as CEO and hand the 
office over to his successor Bruno Malinek on September 1, 2016 
    * Heinz Loosli will be nominated for election to the 
Feintool board of directors at the general assembly on April 25, 
2017 
 
Source text: http://bit.ly/2byhin6 
Further company coverage:  FTON.S  
 
($1 = 0.9612 Swiss francs) 
 
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