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Tornos Holding S.A.

Company Information
Address Rue Industrielle 111
CH-2740 Moutier
Country Switzerland
Phone +41 (0) 32 494 44 44
Fax +41 (0) 32 494 49 03
Internet www.tornos.ch
Business Sector Machinery Industry
Brief Overview Tornos is actively involved in the development of automatic small parts turning lathes. Small parts turning is an automatic and continuous process of producing small turned parts used in all areas of life, where precision is of utmost importance.
 
People
Chief Executive Officer Anton Menth
Chief Financial Officer Philippe Montavon
Chairman of the Board Patrick Smulders
Auditors KPMG, Gümligen-Bern
No. of Employees 1231
 
Going Public
Exchange Swiss Exchange
IPO Date March 13, 2001
Share Identification Number 1160768
Symbol TOHN
Subscription Period 03,03,2001 to 03,12,2001
Lead Underwriter CSFB
Underwriters Bank Vontobel AG, Lombard Odier & Cie.
Price Range 95 to 115
Total No. of Shares in Issue after Going Public 2,300,000
No. of Offered Shares 1,470,000
Greenshoe 230,000
Total No. of Issued Share (inkl. Greenshoe) 73.9%
Lock Up for Holders of Non-Issued Shares Management Shareholders: 12 months; Selling Sharholders: 6 months. For a period of 6 months, the company will offer neither existing nor newly issued shares.
Firm Offer Price CHF 100
Expected Market Cap. CHF 230 Mio.
First Day Close CHF 92
 
Numbers (in 1000 CHF)
Last Fiscal Year End Date Prior to Going Public December 31, 2000
Change Compared to Prior Year
Turnover 2000
352,366 26.8%
Turnover 1999
277,864 1.6%
Turnover 1998 273,482
Change Compared to Prior Year
Operating Profit, EBIT 2000
24,873 29.2%
Operating Profit, EBIT 1999
19,247 8.2%
Operating Profit, EBIT 1998 17,794
Change Compared to Prior Year
Profit Before Tax 2000
14,456
Profit Before Tax 1999
-2,861
Profit Before Tax 1998 11,069
Change Compared to Prior Year
Company Profit 2000
9,479
Company Profit1999
-7,249
Company Profit 1998 8,506
 
Company Profit 2000 reflects 2.7 % of Turnover
Company Profit 1999 reflects -2.6 % of Turnover
Company Profit 1998 reflects 3.1 % of Turnover
   
Equity on Last Balance Date 69,557
Total Assets 400,126
Ratio of Equity to Total Capital on Balance Date 17.4 %
Last Return on Equity (ROE) 13.6 %
 
Notes
Further information about this IPO can be found at www.outperformer.ch.

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