Brief: Tornos Holding FY net sales down at CHF 136.2 mln
24/01/2017 05:31
Jan 24 (Reuters) - Tornos Holding AG TOHN.S :
* FY net sales of 136.2 million Swiss francs ($136.69
million)(2015: CHF 164.0 million, -16.9%) and order intake of
133.5 million Swiss francs(2015: CHF 160.0 million, -16.6%).
* Was able to increase order intake considerably in the
fourth quarter
* Owing to the less favorable product mix and the resulting
drop in sales revenues, Tornos failed to reach break-even point.
* Overall, Tornos is expecting a negative operating result
(EBIT) and a negative net result, both in the low single-digit
millions
Source text - http://bit.ly/2jLJcw1
Further company coverage: TOHN.S
($1 = 0.9964 Swiss francs)
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