Starrag

OverviewSuggest Edit

Starrag Group manufactures and sells high-precision machine tools for milling, turning, boring, and grinding of work pieces of metallic, composite, and ceramic materials. Its products include vertical grinding machines, single and double column vertical lathes, mill-turn centers, vertical and horizontal machining centers, transfer machines, portal and gantry machining centers, high speed machining centers, profilers, and blade and blisks machining centers. The Company also offers integrated technology and maintenance service, and engineering services.

TypePublic
Founded1862
HQRorschacherberg, CH
Websitestarrag.com

Latest Updates

Employees (est.) (Feb 2019)1,511
Revenue (FY, 2021)CHF292.6 M(-1%)
Share Price (May 2022)CHF45
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Starrag

Walter Fust

Walter Fust

Director
Christian Walti

Christian Walti

CEO and Head of Regional Sales
Michael Hauser

Michael Hauser

Chairman
Thomas Erne

Thomas Erne

CFO, Head of Corporate Center
Alexander Attenberger

Alexander Attenberger

CSO
Show more

Starrag Office Locations

Starrag has offices in Rorschacherberg, Bulle, Hebron, Pudong Xinqu and in 11 other locations
Rorschacherberg, CH (HQ)
61 Seebleichestrasse
Bulle, CH
41 Rue du Moléson
Pudong Xinqu, CN
699 Bibo Rd
Saint-Étienne, FR
5 Rue Barrouin
Bielefeld, DE
2 Hofkamp
Chemnitz, DE
15-17 Otto-Schmerbach-Straße
Show all (15)

Starrag Financials and Metrics

Starrag Revenue

Starrag's revenue was reported to be CHF292.61 m in FY, 2021
CHF

Revenue (FY, 2021)

292.6m

Gross profit (FY, 2021)

174.4m

Net income (FY, 2021)

(5.4m)

EBITDA (FY, 2021)

(195.0k)

EBIT (FY, 2021)

(8.5m)

Market capitalization (24-May-2022)

151.2m

Closing stock price (24-May-2022)

45.0

Cash (31-Dec-2021)

29.8m

EV

133.6m
Starrag's current market capitalization is CHF151.2 m.
Annual
CHFFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

388.8m418.1m297.1m292.6m

Cost of goods sold

(166.3m)(194.2m)(137.2m)(120.0m)

Gross profit

224.5m226.3m161.8m174.4m
Half Year
CHFH1, 2019H1, 2020H1, 2021

Revenue

214.5m155.4m139.3m

Cost of goods sold

(96.5m)(69.9m)(55.9m)

Gross profit

118.9m86.3m84.6m
Annual
CHFFY, 2018FY, 2019FY, 2020FY, 2021

Cash

31.8m14.6m32.5m29.8m

Accounts Receivable

35.0m30.9m22.4m28.8m

Prepaid Expenses

2.7m1.7m1.3m1.7m

Inventories

104.8m108.4m108.1m92.2m
Half Year
CHFH1, 2019H1, 2020H1, 2021

Cash

35.4m10.4m44.2m

Accounts Receivable

109.2m96.7m91.6m

Prepaid Expenses

2.2m2.3m2.8m

Inventories

110.3m110.6m105.9m
Annual
CHFFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

8.4m6.9m(605.0k)(5.4m)

Depreciation and Amortization

11.1m12.0m8.5m8.3m

Inventories

(22.4m)(6.0m)(192.0k)13.7m

Accounts Payable

3.4m(6.0m)(9.3m)(1.6m)
Half Year
CHFH1, 2019H1, 2020H1, 2021

Net Income

3.4m537.0k20.0k

Depreciation and Amortization

5.2m4.3m4.2m

Inventories

(6.3m)(3.4m)3.0m

Accounts Payable

(4.4m)(8.5m)(2.3m)
CHFFY, 2018

Revenue/Employee

257.3k
Show all financial metrics

Starrag Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Starrag Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Starrag Online and Social Media Presence

Embed Graph

Starrag News and Updates

Starrag Releases New Machining Center - Bumotec 191neo

HEBRON, Ky., March 02, 2022 (GLOBE NEWSWIRE) -- Born from an ambitious challenge, the production experts - including industrialization and quality - the application specialists, the service technicians and the construction engineers have joined forces to develop a new machining center offering a l…

Starrag USA Inc. Unveils Their New Turbine Blade Machining Center in Their Kentucky Lab

The LX021 is a six-axis machining center designed to optimize the lights out machining of complex blades from raw stock to finished form in a single operation. The LX021 is a six-axis machining center designed to optimize the lights out machining of complex blades from raw stock to finished form in …

Specialism Included as Standard in Starrag Machines

Wagstaff, Inc. has been providing solutions for the aluminum production industry for 75 years. Although the company is a veteran presence in aluminum casting, they are constantly innovating new continuous casting technologies that enable bars with various different cross-sections to be produced with…

Starrag STC 800X Provides Diverse Growth Opportunities for Schaller Group

Expansion expected beyond Aerospace, Military, and Automotive
Show more

Starrag Frequently Asked Questions

  • When was Starrag founded?

    Starrag was founded in 1862.

  • Who are Starrag key executives?

    Starrag's key executives are Walter Fust, Christian Walti and Michael Hauser.

  • How many employees does Starrag have?

    Starrag has 1,511 employees.

  • What is Starrag revenue?

    Latest Starrag annual revenue is CHF292.6 m.

  • What is Starrag revenue per employee?

    Latest Starrag revenue per employee is CHF193.7 k.

  • Who are Starrag competitors?

    Competitors of Starrag include Ammann Group, Klingelnberg and Nachi-Fujikoshi.

  • Where is Starrag headquarters?

    Starrag headquarters is located at 61 Seebleichestrasse, Rorschacherberg.

  • Where are Starrag offices?

    Starrag has offices in Rorschacherberg, Bulle, Hebron, Pudong Xinqu and in 11 other locations.

  • How many offices does Starrag have?

    Starrag has 15 offices.