Starrag shareholders approve merger with Tornos

Starrag and Tornos apply for Merger

Medium-term operating earnings target almost achieved - Order intake maintained at a high level - Order backlog remains solid - Sales increased significantly

Starrag merges two business units

Starrag evaluates a merger with Tornos

Annual General Meeting of Starrag Group Holding AG: All motions of the Board of Directors approved - Dividend of CHF 2.00 per registered share

Further increase in order intake - Continued increase in order backlog - Sales up 9% - Operating income significantly improved - Dividend proposed

Martin Buyle becomes new CEO of Starrag Group

Initial information on fiscal year 2022

Dr. Christian Walti resigns from his CEO mandate as of 31.12.2022

Christian Kurtenbach appointed as Head of the Business Unit High Performance Systems (HPS)

CEO Dr. Christian Walti is leaving the Starrag Group

Rainer Hansjürgens becomes the new Head of the Business Unit Large Parts Manufacturing Systems (LPMS)

Substantial improvement in operating earnings – order intake significantly up year on year – order backlog over CHF 300 million – sales at the same level as in the previous year

Annual General Meeting of Starrag Group Holding AG: All motions of the Board of Directors approved

Order intake nearly doubled – Significant increase in order backlog – Sales at the same level as in the previous year – Further improvement in operating earnings – Dividend proposed

Change in the BU High Performance Systems

Order intake almost doubled - significant increase in the order backlog - sales at the same level as in the previous year - further improvement in operating earnings - restructuring programm largely implemented

Starrag Group signs reconciliation of interests with the works councils of the Mönchengladbach site

Strong recovery in the order intake - Same level as in the previous year despite slightly lower sales - Order backlog remains substantial and balance sheet remains solid

Structural changes to optimise earnings in the long term – reduction in staff at our Mönchengladbach and Bielefeld sites – negotiations opening with the works councils