GURIT MARKET NEWS
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25 August 2016
Zurich, Switzerland, August 25, 2016 - Gurit (SIX Swiss Exchange: GUR) reports net sales of CHF 182 million for the first half of 2016. This represents a currency-adjusted growth of 3% and +2.5% in reported Swiss francs over the previous year. The operating profit margin reached 10.5% at CHF 19.1 million operating profit in the first six months of 2016 containing one-off expenses of CHF 2.5 million, mainly related to non-cash impairment charges in the U.K. of CHF 2.0 million. Operating profit improved by 21% compared to CHF 15.8 million in the first half of 2015. Operating profit margin before one-off costs reached remarkable 11.8% of net sales.
16 August 2016
Zurich, Switzerland, August 16, 2016 – Leading provider of composites engineering services Gurit is pleased to congratulate ARES Shipyard on the launch of the first in a series of new patrol boats for Qatar Coastguard.
04 July 2016
Zurich, Switzerland, July 04, 2016 – Gurit, a worldwide leader in advanced composite engineering and materials, is pleased to announce sponsorship of the 2016 Foiling Week™ Forum at Lake Garda, Italy, and Newport, RI, U.S.A.
13 June 2016
Zurich, Switzerland, June 13, 2016 – Gurit (SIX Swiss Exchange: GUR) today announced that it will open a wind blade mould production facility in Szczecin, Poland. The expansion is targeted at further increasing the Company`s Tooling market share in Europe.
19 April 2016
Zurich (Switzerland), Rio de Janeiro (Brazil), April 19, 2016 – Leading Manufacturer of high-quality wind blade moulds Gurit and Barracuda Advanced Composites have teamed up to serve the Brazilian market with wind blade mould technology and services.
14 April 2016
- Net sales for Q1-2016 amounted to CHF 87.7 million, a slight currency-adjusted decrease of 1% versus a strong Q1-2015
- Gurit Annual General Meeting of Shareholders approved all proposals
Zurich, Switzerland, April 14, 2016 – Gurit (SIX Swiss Exchange: GUR) today reports unaudited results for the first quarter of 2016. Net sales for the first three months of 2016 developed in line with expectations and came in slightly lower than in the first quarter of 2015.
15 March 2016
Zurich, Switzerland, March 15, 2016 – Gurit (SIX Swiss Exchange: GUR) today reports double-digit sales growth for the second consecutive year. The strong wind energy demand, customer wins and the full deployment of the Company`s comprehensive core materials offering were the main contributors to the increase of net sales to CHF 359.4 million for 2015. Based on the positive sales development and the materialization of the initiated improvement programs, operating profit rose to CHF 33.0 million (9.2% of net sales) and net profit amounted to CHF 22.6 million for the full year 2015.
29 January 2016
Zurich, January 29, 2016 – Gurit (SIX Swiss Exchange: GUR) today reported preliminary and unaudited full year net sales of CHF 359.4 million, representing an increase of 10.4% (currency-adjusted) and a 7% increase in reported Swiss Francs versus 2014. The positive development is mainly related to the strong demand from the wind energy market and gains in market shares.
25 January 2016
Zurich, Switzerland, January 25, 2016 - Gurit (SIX Swiss Exchange: GUR) today announced that the Company`s unique SC 110 and SC 160 visual carbon prepregs have been qualified by two new major car manufacturers.