Feintool International (FTON) H1 2026 earnings summary

Executive summary

• Revenue increased by 5.6% year-over-year to CHF 353.3 million, with 10.8% growth in local currencies and strong profitability gains, marking the first positive net income since 2023.

• Transformation and restructuring measures, including cost structure improvements and rightsizing, enhanced competitiveness and operational flexibility.

• Diversification into industrial, data center, and green energy applications is expanding addressable markets and providing resilience.

• Regional expansion included the opening of a new plant in Pune, India, and new orders in the U.S. and Europe.

• Resilient operating performance was supported by a global production network and a local-for-local strategy.

Financial highlights

• Net sales rose 5.6% year-over-year to CHF 353.3 million, with EBITDA up 47.3% to CHF 34.1 million and EBIT improving to CHF 8.8 million from a prior-year loss.

• Net income reached CHF 3.4 million, reversing losses from previous years.

• Equity increased by CHF 11.5 million to CHF 439.6 million, with an equity ratio of 55.9%.

• Free cash flow improved to CHF -4.5 million from CHF -17.7 million, aided by lower capex and better cash generation.

• Net debt increased to CHF 68.1 million, while net working capital decreased by 23% to CHF 91 million.

Outlook and guidance

• Revenue growth of approximately 4% is expected for FY 2026, with EBIT margin in line with H1 2026.

• Significantly positive free cash flow is projected, supported by disciplined CapEx of about 5% of revenue.

• Market environment is expected to remain challenging and slow in H2 2026, with regional demand variations and cautious optimism in Europe and China.

• Optimistic medium- and long-term outlook driven by trends in low-carbon energy and mobility.