1 Min Read
March 8 (Reuters) - Feintool International Holding AG :
* Generated sales of 552.2 million Swiss francs ($544.90 million)in 2016 financial year, which corresponds to an increase of 8.5%
* FY EBIT increased by more than 20% compared to previous year, to more than chf 41 m.
* FY consolidated net income of 32.1 million Swiss francs overall, which equates to a margin of 5.8%
* Will therefore propose to annual general meeting on April 25, 2017, that it increase dividend from capital contributions by one-third to 2.00 francs per Feintool share
* Feintool is generally expecting to develop positively in 2017, albeit in market conditions that are shaped by political uncertainty
* Without influence of latest acquisition of Chinese forming plant, we expect turnover of around 580 mln Swiss francs and an EBIT margin of 7.5% - 8% Source text for Eikon: Further company coverage: ($1 = 1.0134 Swiss francs) (Gdynia Newsroom)