Feintool International Holding AG (FTON.SW) Wednesday said that its loss in the first half of 2025 increased 56 percent from last year's loss, affected by challenging market conditions in the automotive sector. Half-yearly net sales declined 14 percent and the company remains cautious about the second half of the year.
The Swiss manufacturer of precision metal components posted net loss attributable to Feintool shareholders of 4.99 million Swiss francs or 0.34 franc per share in the first half of 2025, compared to net loss of 3.20 million francs or 0.22 franc per share in the same period last year.
During the six-month period, net sales fell to 334.53 million francs from 390.10 million francs in the year-ago period, mainly impacted by low demand for electrical vehicles in the European market.
According to Feintool International, EBITDA for the period were down 11 percent to 24.24 million francs from 29.22 million francs in the first six months of fiscal 2024.
The company reported operating loss or EBIT of 1.9 million francs in the first half of the year, compared to operating profit of 0.2 million francs in the previous-year period.
Looking ahead, Feintool International said that the outlook for the second half of 2025 remains cautious as it does not expect the market trend to change significantly. The company is optimistic about the medium term as it expects global megatrends towards low-carbon energy generation, storage and mobility to remain unchanged.
The company reaffirmed its guidance of achieving an EBIT margin of more than 6 percent in the medium term.
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