Swiss - Delayed Quote • CHF Feintool International Holding AG (FTON.SW) Follow Compare 13.60 +0.10 (+0.74%) At close: December 23 at 5:31:04 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Feintool secures high-volume order to produce bipolar plates for hydrogen drives in China In cooperation with technology partner SITEC, Feintool was awarded a long-term contract in China related to hydrogen mobility. High-volume production of ready-to-install metallic bipolar plates for a leading Chinese manufacturer of fuel cells is expected to start in 2025. The bipolar plates ordered will be produced at Feintool's specialized site in Taicang (China) and mainly installed in commercial vehicles, buses and cars. In addition to the core technologies FEINforming, Feintool's patented pr Feintool reorganizes the production of rotors and stators for electric motors in Europe 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 allocati Changes in the Board of Directors of Feintool International Holding AG as of the upcoming Annual General Meeting 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 of Groundbreaking ceremony in India: Feintool celebrates construction start in Pune The start of the construction in India marks the beginning of a further chapter in Feintool's history in a promising economic region. Feintool’s production in the Pune metropolitan region is expected to start in summer 2025. “Feintool System Parts India” consolidates Feintool's strategic position as an important supplier of high-precision parts in Asian automotive production with its first Indian production site. With an initial investment of CHF 15 million, the company is moving closer to long- Half-year results reflect difficult market development in Europe This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG Feintool generated sales of CHF 390.1 million and an operating result (EBIT) of CHF 0.2 million in the 1st half of 2024. The currently very demanding market environment in Europe is leading to low visibility, which is why Feintool has been suspending its guidance for 2024 - as already communicated on 17 July 2024. The company is reacting with the ‘Level-up 2026!’ efficiency and growt Challenging market developments lead to decline in sales at Feintool in Europe 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 red Feintool optimizes production footprint in Europe 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 stren Sustainability Report 2023 published – Feintool receives strong ESG rating 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 an Feintool general meeting approves all motions 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 conso Feintool wins important contract in Europe’s hydrogen industry The company is tasked with the production of high-precision metal components for fuel cells and electrolyzers. This successfully marks Feintool’s entry into the European market, following the company’s nomination in China by a leading market player. The contract, which was awarded by a renowned European company specializing in fuel cells and electrolysers, involves the series supply of several components, including high-precision flow field plates. Initially, the order volume is expected to reac Improved profitability, success in growth markets 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 New production site: Feintool continues success story in Asia with plant in India 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 footp Performance Overview Trailing total returns as of 12/23/2024, which may include dividends or other distributions. Benchmark is MSCI WORLD Return FTON.SW MSCI WORLD YTD -23.58% +19.27% 1-Year -23.16% +19.91% 3-Year -61.29% +18.73%