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Media release

Moutier, 22/07/2016

Customers’ reluctance to invest in projects significantly noticeable in the first half year

The persistently difficult market situation in Tornos’ target markets, combined with a currency environment that remains challenging, will lead to a significant year-on-year decline of about 15% in net sales in the first half of 2016. Although further cost-cutting measures have already been initiated and selective short-time working has been introduced at the Moutier site, net loss is expected to be about CHF 1 million below the prior-year result.

Tornos Holding Ltd.’s half-year report publication is scheduled for August 16, 2016.