Brief: Tornos Holding Sees Significantly Better H1 Results

Tornos Holding AG

13/04/2021 05:34

April 13 (Reuters) - Tornos Holding AG  TOHN.S :
    * EXPECTS SIGNIFICANTLY BETTER HALF-YEAR RESULTS IN 2021
THAN IN
2020
    * FOR THE 2021 HALF-YEAR RESULTS, TORNOS THEREFORE EXPECTS A
SIGNIFICANT INCREASE IN SALES AND A MARKED IMPROVEMENT IN EBIT
    * 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

Source text for Eikon:  ID:nNDL20Jf22 
Further company coverage:  TOHN.S 

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