Tornos Holding AG reported earnings results for the year ended December 31, 2017. For the period, the company has posted net sales of CHF 178.8 million, up 31.3% on the previous year's figure of CHF 136.2 million. At CHF 9.5 million, the operating result (EBIT) for the reporting year was CHF 12.5 million higher than loss of CHF 3.0 million a year ago, which is equivalent to an EBIT margin of 5.3%. The net result came to CHF 8.2 million against loss of CHF 3.6 million a year ago. Due to the massive reduction in net working capital by CHF 22.8 million, the Group posted free cash flow of CHF 28.4 million in the 2017 financial year against CHF 15.6 million a year ago.

The company is expecting the business to do better in 2018 than in the previous year.