FEINTOOL N overview

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG The challenging developments in the European automotive sector are characterized by a very demanding market environment. Manufacturers and suppliers are adapting their production and business models. In addition, the industrial business is still not recovering. Feintool reviews its strategic capacity planning on a regular basis and is planning a change in production capacity...

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG Alexander von Witzleben resigns as Chairman of the Board of Directors and steps down as a member of the Board at the Annual General Meeting at the end of April 2025. The Board of Directors recommends the current Vice Chairman Norbert Indlekofer as his successor and Matthias Holzammer as a new member. For his longstanding commitment to Feintool and its further development, the Board...

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG As a leading supplier of precision parts for the automotive and industrial sectors, the Feintool Group faces a challenging market environment. Electric vehicle sales in Europe have developed slower than generally expected. Due to political uncertainties, a strained economic situation, and existing overcapacities, automotive manufacturers have postponed, canceled, or significantly...

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG. The automotive sector in Europe is currently facing a challenging market environment, compelling manufacturers and suppliers to adapt their production and business models. Feintool reviews its strategic capacity planning on a regular basis and is responding by optimizing its European production sites. In light of the current challenges, the Feintool site in Lyss will focus its...

Feintool plays a shaping role in the transition to the low-carbon economy. The Group supports systematic development of young talent and leadership, develops innovative products to advance the green energy mega-trend, and works to reduce its internal ecological footprint. The latest Sustainability Report, covering financial year 2023, details the related initiatives. Furthermore, an ESG assessment performed by Morningstar Sustainalytics yielded the favorable result of “Low Risk.” Feintool is...

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG. The shareholders of Feintool International Holding AG accepted all motions at the Annual General Meeting on April 23, 2024. Martin Klöti was elected as a new member of the Board of Directors. At the ordinary general meeting of Feintool International Holding AG on April 23, 2024, the shareholders approved the 2023 annual report, the 2023 annual financial statements and the 2023...

Ad hoc announcement pursuant to Art. 53 LR Feintool has reinforced its global market position as a leading supplier of high-volume precision parts, reporting group-wide sales of CHF 847.7 million and an EBIT of CHF 29.9 million (margin 3.5 %) for 2023. Business remained robust in the USA and Asia. Feintool achieved success in the markets of hydrogen and battery-powered mobility. With the planned factory in India, the group is entering an important growth market. Martin Klöti will be proposed as...

With the founding of "Feintool System Parts India Pvt Ltd" and a new production site in the metropolitan region of Pune, Feintool is consolidating its strategic position as an important supplier of high-precision parts in Asian automotive production. With an initial investment of CHF 15 million, Feintool is moving closer to long-standing customers who already produce in the region. "Feintool System Parts India Pvt Ltd" is establishing its presence in a promising market and reducing its CO2...