Annual Report (PDF) - Feintool

12
Assembly/Automation Segment
New core competency:
added strength
The BalTec Group has exceeded its commercial targets for the year.
With basic growth of 25%, the BalTec radial rivet specialists built on the
success of the year before last. It expanded its core competencies with
the integration of IMA Automation GmbH and mhk Montagekomponenten
Vertriebs-GmbH, as a result of which sales leapt to CHF 81.1 million.
This makes the newly created segment an important component of the
Feintool Group with excellent potential for growth.
Alfeo Brazzale
Managing Director of the BalTec Group
Sigmund Kumeth
IMA/mhk Supervisory Board
Strong «second cornerstone»
is taking shape
The Feintool Group made significant progress
during the last financial year towards its
goal of becoming a leader in the assembly/
automation segments of the engineering and
plant construction industry. The BalTec Group
has always had a leading position in the
world fastenings market thanks to its comprehensive
range of radial riveting machinery.
Now, with the arrival of IMA Automation
GmbH and mhk Montagekomponenten
Vertriebs-GmbH, the segment can count on
Assembly/Automation Segment
being a European market leader in the field
of high-performance automation equipment
and modules. IMA was selected mainly
because of its excellent reputation as a
reliable supplier of equipment in the electronics
and telecommunications industry.
mhk Montagekomponenten Vertriebs-GmbH
is well positioned as a consultant and
supplier of modules and assembly components
for the automation sector.
Assembly Business Unit
1999/00 1998/99 1997/98 1996/97
Sales CHF m 81.1 28.6 28.6 26.4
Change from previous year % +184.2 -0.1 +8.5 n.a.
EBIT CHF m 10.1 2.7 4.8 4.7
Change from previous year % +273.1 -44.0 +2.0 n.a.
as percent of sales % 12.4 9.5 16.9 18.01
Total assets CHF m 70.3 19.8 18.0 16.2
Change from previous year % +255.5 +10.1 +10.6 n.a.
(radial riveting machines and related assembly technology)
The BalTec Group beat its tough sales target.
An excellent performance by riveting systems
was a major factor, along with a move into
other mechanical assembly technologies
such as presses, joints and screws and the
supply of customer-specific system solutions.
The new BalTec subsidiary in Germany more
than doubled its sales. Limatec AG, Grenchen,
which was formerly an agent, became part of
the BalTec Group on 1 April 2000, enabling
the group to sell directly to the Swiss
market and supply Swiss industry with the
best solutions to its assembly technology
problems.
Highlights
� Integration of Limatec AG, Grenchen for direct
distribution in Switzerland
� Presentation of a patented multi-riveting system process
monitoring solution at the Südblech 2000 trade fair
� Presentation of an automatic process CNC rotary attachment
riveting system at the Motek 2000 trade fair
Sales by region
� Europe (excluding UK) 75% (48%)
� North America 24% (50%)
� Asien/rest of the world 1% (2%)