Tornos Group Reports Unaudited Earnings Results for the First Half Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
Tornos Group reported unaudited earnings results for the first half ended June 30, 2018. For the period, Net sales were CHF 103,989,000 against CHF 82,088,000 reported a year ago. EBITDA was CHF 7,275,000 against CHF 3,375,000 reported a year ago. EBIT was CHF 5,507,000 against CHF 1,679,000 reported a year ago. Net result was CHF 5,466,000 against CHF 295,000 reported a year ago. Cash flow from operating activities was CHF 3,749,000 against CHF 13,703,000 reported a year ago. Free cash flow was CHF 2,361,000 against CHF 10,140,000 reported a year ago.
The Group expects further year-on-year improvement in EBIT and the net result in 2018.