Posted 2/22/2024, 5:30:00 AM
Feintool Posts Sales of CHF 847.7M and EBIT of CHF 29.9M in 2023 Despite Challenges, Secures Major US Auto Order, Enters Indian Market
- Achieved group-wide sales of CHF 847.7 million and EBIT of CHF 29.9 million in 2023 despite challenges
- Secured significant long-term order from American auto manufacturer worth hundreds of millions
- Entering important Indian market with new production facility being built, starting operations in 2025
- ESG rating shows Feintool has "Low Risk" status, putting it in the top 19% of industry peers
- Outlook anticipates slight organic growth and further improvement in profitability for 2024