Ad hoc announcement pursuant to Art. 53 LR
Moutier, 29/01/2013
Course of business 2012 in line with expectations
The Tornos Group posted consolidated gross sales of CHF 185.2 million in 2012, down 31.6% on the previous year (CHF 271.1 million). New orders totalled CHF 176.6 million, 36.1 percent below the year-back figure of CHF 276.3 million.
This decline was anticipated. Previous quarterly reports have recorded the fact that demand failed to pick up in the second half of 2012 and the trend in Tornos’ markets is uncertain.
The Group’s results for 2012 will be published at the press conference scheduled for 18 March 2013 in Zurich.