StarragTornos Group AG
STGN
ISIN CH0002361068 / Valor 236106
StarragTornos Group AG
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About company
StarragTornos Group AG is a leading company in the global metal-cutting machine tool industry, formed by the merger of Starrag Group Holding AG and Tornos Holding Ltd. Listed on the SIX Swiss Exchange, the company offers cutting-edge technologies and solutions in precision machine tools. With a strong focus on technical expertise and complementary technologies, StarragTornos Group AG is positioned as a key player in shaping the future of the industry.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (20.08.2024):
Revenue Growth
In the fourth quarter of 2023, StarragTornos Group AG reported a significant increase in net sales, reaching CHF 564.7 million. This represents a 13.2% growth compared to the same period in the previous year, showcasing the company's strong market performance and successful integration post-merger.
Profit Surge
StarragTornos Group AG experienced a substantial leap in net profit for Q4 2023, which rose by 56.0% to CHF 32.4 million. This impressive increase highlights the company's enhanced operational efficiency and successful cost management strategies.
EBIT Improvement
The earnings before interest and taxes (EBIT) for StarragTornos Group AG in Q4 2023 saw a remarkable rise of 56.8%, amounting to CHF 46.4 million. The EBIT margin also improved significantly, increasing from 5.9% to 8.2%, indicating better profitability and operational performance.
Service Business Expansion
In Q4 2023, StarragTornos Group AG's service business continued to grow, with sales in this segment rising by 6.8% compared to the previous year. The service business now constitutes 24.1% of the total net sales, reflecting the company's focus on expanding its after-sales services.
Dividend Increase
StarragTornos Group AG announced a proposed dividend of CHF 2.50 per share for Q4 2023, up from CHF 2.00 in the previous year. This 25.0% increase in dividends demonstrates the company's commitment to delivering value to its shareholders and confidence in its financial stability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
217 M
Market cap (USD)
4,215
Daily traded volume (Shares)
38 / 35.8
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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