ANNUAL REPORT 2021

Consolidated Statement of Comprehensive Income

for the 2021 financial year (January 1 to December 31, 2021)

2021

2020

Note

in CHF 1 000

in %

in CHF 1 000

in %

Net sales

2

588 058

100.0

491 965

100.0

Change in finished and semi-finished goods and work in progress

16 713

-9 358

Capitalized self-generated assets

3

1 442

3 043

Material expenses

-272 090

-208 155

Personnel expenses

4

-179 190

-152 731

Other operating expenses

5

-71 171

-66 534

Other operating income 1)

6

13 367

1 269

Earnings before interest, taxes, depreciation and amortization (EBITDA) 2)

97 129

16.5

59 499

12.1

Depreciation and amortization

16, 17

-51 103

-50 254

Impairment of tangible assets 3)

16

-12 103

-5 932

Operating profit (EBIT) 4)

33 923

5.8

3 313

0.7

Financial expenses

7

-17 317

-16 270

Financial income

8

12 725

11 002

Earnings before taxes

29 331

5.0

-1 955

-0.4

Income taxes

9

-10 120

-1 994

Net income attributable to Feintool Holding shareholders

19 211

3.3

-3 949

-0.8

1) In the 2020 financial year, Feintool received a loan of USD 8.4 million under the PPP program in the United States to mitigate the impact of the COVID-19 pandemic. In the first half of 2021, the government assured the company that this loan would not have to be repaid. Feintool also received CHF 3.9 million in immediate aid from the Swiss government in the financial year 2021 to mitigate the effects of the COVID-19 pandemic. In addition, please refer to section 1 of the Notes.

2) Includes the operating result before depreciation and amortization, (net) financial income and income tax.

3) Due to capacities no longer required at one plant, an impairment loss on manufacturing equipment totaling CHF 12.1 million was recognized in the financial year 2021. In addition, please refer to section 1, footnote 3 of the Notes.

4) Includes the operating result before (net) financial income and income tax.

2021

2020

Note

in CHF 1 000

in %

in CHF 1 000

in %

Other comprehensive income

Items that may be reclassified to profit or loss

Translation differences

6 773

-15 350

Income taxes on recycable items

-798

Items that may not be reclassified to profit or loss

Reassessment of net defined benefit liability (asset)

23

23 743

5 141

Income taxes on non recycable items

-5 326

-1 077

Total other comprehensive income

25 190

-12 084

Total comprehensive income attributable to Feintool Holding shareholders

44 400

-16 033

Net income attributable to Feintool Holding shareholders

19 211

-3 949

Total comprehensive income attributable to Feintool Holding shareholders

44 400

-16 033

Basic earnings per share (in CHF)

11

3.92

-0.80

Diluted earnings per share (in CHF)

11

3.92

-0.80

Number of employees as of December 31

Number of employees excl. 89 (previous year 100) trainees

4

2 478

2 570

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