THE SHOW / THE MICROTECHNOLOGY INFORMATION PORTAL
11.08.2020
A - Machines
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Tornos faces major challenges
It is extremely difficult to provide an outlook at present due to the current uncertainties. Tornos faces great challenges. The Group is expecting a slow recovery of the global markets in 2021.
- Decline in demand from automotive industry and corona pandemic have a negative impact on half-year results
- Marked increase in allowance on inventory puts additional pressure on earnings
- Cost-cutting measures consistently continued
- Jens Thing new Chief Sales Officer and member of the General Management
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