THE MICROTECHNOLOGY INFORMATION PORTAL/THE SHOW
26.07.2023
A - Machines
Tornos posts marked improvement in operating result
Ad hoc announcement pursuant to Art. 53 LR
The Tornos Group has started 2023 with a record high order backlog. Compared to the first half of 2022, the Group again achieved a slight increase in sales in the first half of 2023. EBIT decreased slightly in absolute terms. A comparison of the result for this half-year with the adjusted EBIT for the first half of 2022 (excluding the special effect from the writeback of value adjustment provisions) shows a marked improvement.
With regard to new investments on the customer side, the Tornos Group felt significant uncertainty in some sales markets, which was reflected in various project postponements. This led to a decline in order intake, particularly in the USA and Europe. On a positive note, demand for Tornos products increased noticeably again towards the end of the half-year.
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