The Tornos group experienced very positive development during the 2021 financial year. Compared to the previous financial year, new orders increased by 108.8%, from 98 million to 204.6 million francs, indicates Wednesday the Provost manufacturer of machine tools in a press release. Net turnover amounted to 171.5 million, up 65.9% (103.4 million in 2020). Tornos recorded strong growth in all product groups and in all major markets. The automobile market in particular, which has picked up some color, and the medical and dental techniques segment. The group also owes its growth in terms of volume to its services and spare parts activities as well as to its new offer launched in the spirit of the circular economy. This involves upgrading old Tornos machines.
Confidence for the current year
Given the very good evolution of order intake and turnover, Tornos expects a positive net result in the first half, but also very favorable results for the second half of the year. In financial year 2021, profitability only suffered from the partly severely limited availability of raw materials and parts from subcontractors as well as the resulting price increases.
Listed on the stock market, the Tornos group will not be able to communicate the detailed and final figures for the year 2021 until March 7 during its conference for the media and analysts. /comm-oza