GURIT MARKET NEWS
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10 April 2014
Zürich, April 10, 2014. Gurit had a good start in 2014 with Q1 2014 sales increasing by 29.6% over Q1 2013, and sequentially by 4.5% over the last quarter of 2013 to CHF 78.8 million. This increase confirms Gurit’s recovery started during the second half of 2013. Gurit Composite Materials increased sales by 15.7% to CHF 61.2 million compared with Q1 2013 or by 4.6% compared with Q4 2013 figures, supported by stable sales to the Wind Energy market and again growing sales to other industrial markets. Gurit Composite Systems and Engineering more than doubled sales over Q1 2013 by 123% to CHF 17.6 million, and grew by 4.1% over Q4 2013, mainly as the result of ongoing strong sales in Tooling.
08 April 2014
8 April 2014, Gurit (SIX Swiss Exchange: GUR), a leading global manufacturer and supplier of Composite Materials, Systems and Engineering, will be showcasing its aerospace product innovations at Aircraft Interiors 2014. The exhibition takes place from Tuesday 8th April to Thursday 10th April at Hamburg Messe, Germany and is the world’s largest event dedicated to the aircraft interiors industry.
14 March 2014
Zürich, March 14, 2014. Gurit (SIX Swiss Exchange: GUR) achieved important milestones in transforming the company into a Composite Materials and a Composite Systems and Engineering Group. The strong double digit sales growth and margin improvements in all end markets of the Composite Systems and Engineering business and additional materials sales to Industrial and Marine customers could, however, not compensate for the 43% decline in materials sales to Wind Energy customers. Gurit thus achieved net sales of CHF 281.1 million in full 2013, a decrease of 19.9% compared with 2012. The drop in Wind Energy sales volumes had a negative impact on the operating profit, which was also impacted by price decreases in the wind market, some production inefficiencies and CHF 1.4 million net impairment charges triggered mainly by the implementation of the new PVC core material strategy. Yet rigorous cost containment efforts kept the business profitable. Gurit achieved an operating profit of CHF 6.5 million or 2.3% of sales and reports net profit of CHF 0.1 million for the full year 2013.
11 March 2014
11 March 2014, Gurit (SIX Swiss Exchange: GUR), a leading global manufacturer and supplier of Composite Materials, Systems and Engineering, will be showcasing its latest product innovations and engineering capabilities at JEC Europe 2014 in Paris, from Tuesday 11th to Thursday 13th March 2014. The exhibition will be held this year in Pavilion 7.3, Porte de Versailles, and is the biggest composite exhibition in the world.
02 March 2014
3 March 2014, Auckland, New Zealand – Gurit (SIX Swiss Exchange: GUR), a leading global manufacturer and supplier of composite materials, systems and engineering, is pleased to announce the appointment of Nuplex Composites, as a new distributor for its Gurit® PVC products with immediate effect.
03 February 2014
Zürich, February 3, 2014. The Board of Directors of Gurit Holding AG (SIX Swiss Exchange: GUR) proposes to elect Dr. Stefan Breitenstein as a new Member of the Board of Directors at the upcoming Annual General Meeting scheduled for April 10, 2014. The long-standing Board Member Robert Heberlein is no longer available for re-election due to his age. The Board of Directors thanks Robert Heberlein for the many years he successfully served on the Board, both as Chairman and Member.
31 January 2014
Zürich, January 31, 2014. Gurit (SIX Swiss Exchange: GUR) achieved un-audited full year net sales of CHF 281.1 million, a decrease of 19.9% compared with 2012. The strong double digit growth in all end markets of the Composite Systems and Engineering business and additional sales of materials to Industrial and Marine customers could not compensate for the 42.6% decline in materials sales to Wind Energy customers. This business suffered heavily from lower volumes in the US market and continuously reduced demand for glass fiber prepregs. Due to the low materials sales volume and certain impairment charges resulting from the implementation of the new PVC core material strategy, Gurit will reach an operating profit margin of around 2% of net sales for the full year 2013.
12 December 2013
12th December 2013, Gurit (SIX Swiss Exchange: GUR), a leading global manufacturer and supplier of Composite Materials, Systems and Engineering, will be exhibiting for the first time at the PRI 2013, Performance Racing Trade Show in Indianapolis from 12th to 14th December. On stand 3264, Gurit will be showcasing its new range of carbon fibre composite materials for the automotive and motorsport industries.
06 December 2013
6 December 2013, Zurich, Gurit (SIX Swiss Exchange: GUR), a leading global manufacturer and supplier of Composite Materials, Systems and Engineering is sponsoring the World Yacht Racing Forum and Yacht Racing Design and Technology Symposium taking place in Gothenburg/Sweden from 10-11 December 2013.