Net sales

In the year under review, Tornos was able to massively increase net sales for both the machines manufactured in Switzerland (higher price segment) and for the machines manufactured in the Taiwan region (medium and lower price segments). Due to the local coronavirus restrictions however, production of Tornos machines in China was at times severely limited during the year under review.

In total, Tornos generated net sales of CHF 181.4 million in the year under review (2021: CHF 171.5 million, +5.8%). At constant exchange rates, net sales would have been CHF 186.2 million (+8.6% compared to 2021). In the Group’s home market of Switzerland, net sales of CHF 37.6 million were CHF -2.2 million below the previous year’s figure (CHF 39.8 million, -5.5%). In the rest of Europe, net sales rose by CHF 6.6 million (+7.9%) to CHF 90.5 million. In the Americas, net sales increased by 3.4 million, from CHF 24.4 million to CHF 27.8 million. Asia’s share at CHF 25.6 million for the year under review was 9.3% above the prior-year figure. Overall, the various regions accounted for the following shares of the Tornos Group’s net sales in 2022: Switzerland 20.7% (2021: 23.2%); rest of Europe 49.9% (2021: 49.0%); Americas 15.3% (2021: 14.2%); Asia 14.1% (2021: 13.6%).

In the service and spare parts business, Tornos recorded net sales of CHF 46.9 million, CHF 3.2 million above the prior-year figure (2021: CHF 43.7 million). Both the sale of spare parts and the service business saw further growth compared with 2021. The DECO 10 Plus offer, whereby Tornos customers could have their older DECO 10 machines upgraded to the latest technology, made a major contribution to this pleasing development. The new service offerings from Tornos and the intensified remote access, which allows access to machines and systems via computer systems regardless of location, also had a positive impact on service sales.9