Feintool International Holding AG reported a return to profitability in the first half of 2026, marking its first positive net income since 2023, as the Swiss industrial components manufacturer advanced expansion plans in India and North America.
The company posted net income of CHF 3.2 million for H1 2026, compared with a CHF 1.9 million loss in the same period last year. EBITDA rose 47% to CHF 34.1 million, while EBIT swung to a positive CHF 8.8 million from a CHF 1.9 million loss a year earlier. Net sales increased 5.6% year-over-year to CHF 353.3 million, with constant-currency growth exceeding 10%. The equity ratio remained stable at 55.9%, and total assets grew to CHF 785.9 million.
Regional performance diverged, with Europe delivering the strongest turnaround. EBIT in Europe improved to CHF 8.4 million from a CHF 2.4 million loss, while the U.S. contributed CHF 7.6 million and Asia CHF 1.6 million. U.S. revenue rose 23.4% in local currencies to CHF 111.5 million, driven by demand for electrolamination stamping technology. Europe’s revenue reached CHF 203.7 million, up 5.4% in local currencies, and Asia’s revenue grew 6.9% to CHF 38.5 million.
Capital expenditure fell 56.4% to CHF 12.8 million as the company prioritized operational efficiency following the completion of its European restructuring at the end of 2025. The restructuring is expected to generate CHF 12 million in annual recurring savings. Net working capital declined 23.1% to CHF 91.0 million, though free cash flow remained negative at CHF 4.5 million due to working capital timing and operational investments.
Expansion initiatives are accelerating. Production of e-motor cores in the U.S. is scheduled to begin in November 2026, with India’s first facility in Pune set to commence operations in early 2027. The Pune plant will initially focus on seat recliner programs, followed by cold forming components production by the end of 2028. CEO Lars Reich highlighted the company’s strengthened profitability and regional diversification as key competitive advantages.
Feintool’s share price rose 4.09% to CHF 11.40 following the presentation, reflecting investor confidence in the company’s turnaround strategy and growth trajectory.
