Brief: Feintool International Sees Sales In 2020 To Match Previous Yr's Level

Feintool International Holding AG

03/03/2020 06:11

March 3 (Reuters) - Feintool International Holding AG  FTON.S :
    * FY SALES FELL 6.9 PERCENT TO 632.7 MILLION CHF
    * FY NET PROFIT 10.7 MILLION CHF
    * GROUPS'S FY OPERATING MARGIN STOOD AT 3.0% AND NET INCOME AT CHF 10.7 MILLION
    * FY OPERATING PROFIT (EBIT) OF CHF 18.9 MILLION, CORRESPONDING TO AN EBIT MARGIN OF 3.0%
    * FY NET SALES FELL BY 6.9% TO CHF 632.7 MILLION; EARNINGS BEFORE INTEREST AND TAXES (EBIT)
TOTALED CHF 18.9 MILLION
    * WILL PROPOSE A DIVIDEND OF CHF 1.00 PER FEINTOOL SHARE
    * ECONOMIC AND POLITICAL UNCERTAINTIES WILL CONTINUE DURING 2020 FINANCIAL YEAR
    * EXPECTS SALES IN 2020 TO MATCH PREVIOUS YEAR'S LEVEL
    * 2020 PROFITABILITY IS EXPECTED TO IMPROVE

Source text for Eikon:  ID:nGNE94hYbf 
Further company coverage:  FTON.S 

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