Tornos Holding (VTX:TOHN) First Half 2023 Results
Key Financial Results
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Revenue: CHF95.7m (up 2.2% from 1H 2022).
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Net income: CHF6.22m (down 29% from 1H 2022).
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Profit margin: 6.5% (down from 9.4% in 1H 2022). The decrease in margin was driven by higher expenses.
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EPS: CHF0.32 (down from CHF0.45 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tornos Holding Earnings Insights
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland.
Performance of the Swiss Machinery industry.
The company's shares are down 1.0% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Tornos Holding (of which 1 shouldn't be ignored!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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