Ad hoc announcement pursuant to Art. 53 LR
Tornos expects significantly better half-year results in 2021 than in 2020
In the first months of the current year, the Tornos Group's order situation has improved significantly compared to the previous year. For the 2021 half-year results, Tornos therefore expects a significant increase in sales and a marked improvement in EBIT. The cost structure, which has been significantly improved since 2020, and the write-back of value adjustment provisions due to the reduction in inventories will also have a positive impact on EBIT.