The PDF of the original English version of this Annual Report is binding.
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The Tornos Group’s gross profit rose by CHF 3.7 million to CHF 70.1 million in 2022 compared to the previous year (2021: CHF 66.4 million). The write-back of value adjustment provisions contributed CHF 4.8 million (2021: CHF 9.8 million). Without special effects gross profit rose by CHF 8.7 million. Thereof, CHF 3.3 million are volume-related.
The gross margin for the year under review was 38.7% (2021: 38.7%).
Operating expenses
At CHF 53.6 million, operating expenses in 2022 were 15.5% higher than in the previous year (2021: 46.4 million). Part of this increase is volume-related. The largest increase in operating expenses relates to costs in marketing and sales.
The PDF of the original English version of this Annual Report is binding.