Feintool International Holding AG Reports Earnings Results for the Fourth Quarter Ended December 31, 2011; Provides Earnings Guidance for the Year 2012
Feintool International Holding AG reported earnings results for the fourth quarter ended December 31, 2011. For the quarter, the company's sales were CHF 101.2 million compared with CHF 91.0 million a year ago. Operating profit was CHF 5.1 million compared with CHF 3.4 million a year ago. Earnings before taxes were CHF 4.0 million compared with CHF 1.2 million a year ago. Net income from continuing operations was CHF 2.2 million compared with CHF 0.8 million a year ago. Net income of the company was CHF 2.6 million compared with CHF 1.5 million a year ago. Cash flows used in operating activities was CHF 6.2 million compared with cash flows from operating activities of CHF 1.3 million a year ago. Investment in property, plant and equipment was CHF 4.9 million compared with CHF 2.2 million a year ago.
For the year 2012, the company is still predicting sales of CHF 350 million-CHF 390 million and an EBIT margin of 4%-6%.