StarragTornos released preliminary figures for 2025 that show a mixed operational picture: headline sales fell short of expectations while order momentum exhibited signs of stabilization late in the year.
Net sales for the period declined 10.5% year-over-year to CHF442.1 million, below analyst estimates of CHF462.5 million. The company attributed the sales shortfall primarily to a marked drop in demand from the luxury goods segment.
On the orders side, intake for 2025 amounted to CHF472.8 million, down only 1% versus 2024. That level of new business yielded a book-to-bill ratio of 1.07x, indicating that orders slightly outpaced shipments over the period. The stabilizing effect on order intake was driven by sizable new contracts in defence and commercial markets, while the industrial segment remained a core source of strength for the business.
At year-end, the group carried an order backlog of CHF336.4 million, up 3.2% from CHF326.0 million at the close of 2024. The increase in backlog was largely attributable to a substantial rise in aerospace orders during the fourth quarter, according to the company’s preliminary disclosure.
Despite the improvement in orders and a larger backlog, StarragTornos cautioned that lower revenue will have a detrimental effect on operating profit and net income. The company said these results will be further impacted by restructuring costs incurred during the period. Nevertheless, management still expects to report a positive result for the full year.
These preliminary figures present a picture of uneven demand across end markets: luxury goods softened sales materially, while defense, commercial and aerospace demand supported order resilience and backlog growth. The company’s warning on profitability highlights the margin sensitivity to revenue declines and one-time restructuring charges.
Contextual note - The figures above are preliminary results provided by the company for the 2025 reporting period and include explicit references to segment dynamics and the anticipated profit impact from reduced revenue and restructuring activity.