Ad hoc announcement pursuant to Art. 53 LR

Tornos reports a significant increase in orders and sales in all key markets

Ad hoc announcement pursuant to Art. 53 LR:

The Tornos Group performed extremely well in the 2021 financial year. Compared with the previous year, order intake rose by 108.8% from CHF 98.0 million to CHF 204.6 million. Net sales were 65.9% higher than the previous year’s figure at CHF 171.5 million (2020: CHF 103.4 million). Tornos saw a significant improvement in all product groups and all key sales markets.

In the past year, Tornos was particularly successful in the revived automotive market and in medical and dental technology. However, the company’s service and spare parts business and its recently launched offer to upgrade older Tornos machines to the latest standards in the sense of a circular economy also contributed to its volume growth in 2021.

Following a successful first half of 2021, Tornos also expects considerably positive EBIT and a very good net result for the second half of the year based on the very encouraging sales and orders trend. The only negative effects on profitability in the 2021 financial year were the—at times severely—restricted availability of raw materials and vendor parts, and the associated cost increases.

Tornos will announce the Group’s detailed, definitive closing figures for 2021 at its media and analysts' conference on March 7, 2022.