GURIT MARKET NEWS

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20 May 2013

Gurit Congratulates Aston Martin on its Centenary Year

20 May 2013, Gurit (SWX Swiss Exchange: GUR), a leading global manufacturer and supplier of composite materials, engineering, tooling, parts and systems and thus a leading manufacturer of carbon fibre based Class-A composite body panels for the automotive industry, is proud to congratulate its first automotive customer and technology development partner Aston Martin on its centenary year. 



15 May 2013

Gurit (USA) Inc. announces new partnership with composite kit manufacturer Mahogany Company

15 May 2013, Gurit (SWX Swiss Exchange: GUR), a leading global manufacturer and supplier of composite materials, engineering, tooling, parts and systems, is pleased to announce a new tolling arrangement with composite kit manufacturer Mahogany Company of Mays Landing ( New Jersey), for the fabrication of Gurit’s B³ SmartPac™ solution.



13 May 2013

Gurit showcases reliable and easy-to-use composite solutions for small jobs and one-off boat builds at Sanctuary Cove International Boat Show

13 May 2013, Gurit (SWX Swiss Exchange: GUR), a leading global manufacturer and supplier of composite materials, engineering, tooling, parts and systems will promote its easy-to-use epoxy laminating resins, adhesives and repair kits, as well as its composite panel boatbuilding system, at Sanctuary Cove International Boat Show (Stand 68). 



29 April 2013

Gurit introduces for the first time in America a series of cost-saving material concepts at AWEA 2013, Chicago

Gurit – Delivering the future of composite solutions. 

 

29 April 2013, Isle of Wight – Gurit, a world-wide leading composite materials and composite systems and engineering specialist is showcasing new enabling product and technology innovations for the worldwide Wind Energy market on stand 3436 at Wind Power 2013 at McCormick Place Convention Center, Chicago, USA, from 5th to 8th May 2013.



09 April 2013

Gurit grew sales in new businesses and markets in Q1 2013 but could not yet offset the slowly recovering wind energy demand

 

Zürich and Pfäffikon/SZ, Switzerland, April 9, 2013. Gurit achieved in the first three months of 2013 net sales of CHF 60.8 million. This represents a decline of 36.5% against the respective strong, prior-year period. The growing material sales into new industrial markets could not yet offset the shortfalls in sales to the wind energy market, which suffers from still very low activity in Asia and a slow recovery from the poor Q4 2012 levels in the USA. The Annual General Meeting of Shareholders held today at Pfäffikon/SZ confirmed all proposals formulated by the Board of Directors.

 

 



05 April 2013

Gurit to Showcase Product Portfolio at Aircraft Interiors 2013, Hamburg

5th April 2013, Isle of Wight, UK - Gurit, a leading global manufacturer and supplier of composite materials, engineering, tooling, parts and systems is showcasing its latest product and technology innovations at Aircraft Interiors 2013. The exhibition takes place from Tuesday 9th April to Thursday 11th April at Hamburg Messe, Germany and is the world’s largest event dedicated to the aircraft interiors industry.



27 March 2013

Gurit introduces its latest composite innovations at ICERP 2013, Mumbai, India

27th March 2013, Gurit, a global innovator and developer of composite materials, engineering, tooling, parts and systems (SIX Swiss Exchange: GUR), will introduce its latest composite product and technology innovations to the Indian market at the International Conference and Exhibition for Reinforced Plastics (ICERP), Mumbai, from 4th-6th April 2013. Stand F4B.



12 March 2013

Gurit Delivers the Future of Composite Solutions at JEC Europe 2013, Paris

12 March 2013, Gurit (SWX Swiss Exchange: GUR), a leading global manufacturer and supplier of composite materials, engineering, tooling, parts and systems is showcasing its latest product and technology innovations, all geared to deliver the future of composite solutions, on stand K44 at JEC Europe 2013, from Tuesday 12th to Thursday 14th March 2013. Gurit offers a comprehensive range of composite materials for established markets, as well as many new and emerging applications, and is increasingly focused on the development of complete composite systems and automotive parts. The exhibition, to be held in Pavilion 1, Porte de Versailles, Paris, is the biggest composite exhibition in the world.



12 March 2013

Gurit grows sales 1.8% to CHF 351.0 million and achieves operational EBIT margin of 7.7% excl. one-time charges in 2012

Zurich/Switzerland, March 12, 2013. Gurit’s net sales grew 1.8% to CHF 351.0 million in FY 2012. After three successful quarters, particularly demand for Wind Energy materials and services declined strongly towards year-end. Respective restructuring efforts reduced the operating profit margin to 3.6%, while the operational EBIT margin excluding all one-time items reached 7.7% of net sales. Boosted by the release of a CHF 11.9 million deferred tax liability, net profit for the period was CHF 13.7 million after CHF 22.3 million a year ago. Gurit achieved a strong cash flow from operating activities of CHF 48.3 million and closed the year with a net cash position of CHF 6.0 million, and a strong balance sheet featuring an equity ratio of 70.5%. The Board of Directors proposes to distribute CHF 15.00 per listed bearer share for FY 2012 out of capital reserves.



05 February 2013

Gurit, Delivering the Future of Composites at JEC 2013

5 February 2013, Gurit (SWX Swiss Exchange: GUR) – Gurit, a leading global supplier of composite materials, engineering, tooling, parts and systems will be showcasing its latest product innovations at JEC Europe 2013, from Tuesday 12th to Thursday 14th March 2013. The exhibition to be held in Pavilion 1, Porte de Versailles, Paris, is the biggest composite exhibition in the world. 



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