Management Report

Following the successful merger of Starrag and Tornos to form the StarragTornos Group in December 2023, the first joint annual figures—consolidated on a pro forma basis for the whole 2023 financial year—show a very pleasing performance. Compared to the pro forma figures for 2022, EBIT* increased by 56.8% from CHF 29.6 million to CHF 46.4 million, net profit by 56.0% from CHF 20.8 million to CHF 32.4 million, and net sales by 13.2% from CHF 499.0 million to CHF 564.7 million. The StarragTornos Group thus has an excellent basis for significantly expanding its market presence in the global metal-cutting machine tool industry and further expanding  attractive customer segments.
The recurring service business, which is becoming increasingly important in terms of sustainability and accounts for over 24% of Group sales, is of great significance for both divisions.