Gurit grows net sales for the full year 2011 by 23% on a currency-adjusted basis and expects an EBIT margin close to 9%
Zurich/Switzerland, January 31, 2012. Based on un-audited figures, Gurit
achieved net sales of CHF 344.7 million for the full year 2011. In reported
Swiss Francs this is an increase of 10.6%. At constant December 2011 translation
rates a plus of 23.1%. On a currency and acquisition adjusted basis net sales
grew by 19.2%. The Group EBIT margin is expected close to 9% and the operating
EBIT margin excluding one-time effects close to 8%.
Wind
Energy sales grew by 39.7% on a currency adjusted basis. The
anticipated growth momentum for the second half of 2011 materialized in the
prepreg business in Europe and the Americas and more than compensated the
significant market contraction in China during that same period.
Tooling sales grew by 11.9% on a currency adjusted
basis. The recorded growth was mostly due to the internationalization of the
customer base as evidenced by sales to India, the USA and Africa. The domestic
market in China recorded weak sales with the exception of the second quarter
2011.
Transportation sales grew by 0.9% on a currency
adjusted basis. Sales for rail applications in China and revenues generated with
smaller Aerospace customers suffered from delays during the year under review
while sales recorded with key aerospace accounts rose in the upper single digit
percentage range.
Marine sales grew by 8.1% on a
currency adjusted basis, mainly backed by growth generated in the USA and Europe
while sales in Australia declined because of the exchange rate development of
the Australian Dollar.
Publication Annual Report; Media/Analyst
conference: March 16, 2012
Gurit will publish its full annual
results on March 16, 2012 at 07:00 a.m. CET in an internationally distributed
media release and with the publication of its Annual Report in the investor
relations section on www.gurit.com. Later that same day, Gurit Management will
discuss the results in further detail at a joint media and analyst conference in
Zurich at 09:30 a.m. The conference will take place at SIX Swiss Exchange’s
Convention Point, Selnau Strasse 30, CH-8021 Zurich. The presentations will be
held in English and will also be accessible as a webcast on www.gurit.com where
an archived version will later be available for download. Please sign up for the
live event by returning the enclosed registration form.
Financial Calendar 2012
|
April
23, 2012
|
16.30CET
|
Annual General Meeting:
Seedamm Plaza, Pfäffikon SZ
|
| |
After trading
hours
|
Sales Q1 2012, AGM resolutions
|
August
30, 2012
|
Before trading
hours
|
Half-year results 2012, Media
release, publication of Half-year report on www.gurit.com
|
| |
09:30 CET
|
Media/Analyst conference and
webcast
|
October
26, 2012
|
After trading
hours
|
Sales Q3 2012
|
| |
|
|
Please consult the regularly updated financial calendar in the Investor
Relations section on www.gurit.com.
For further information: Rudolf
Hadorn, CEO Gurit Holding AG
Tel + 41 44 316 1560; Mobile: +41 79 601 6128;
rudolf.hadorn@gurit.com
Sign-up for email alerts is available at
http://investors.gurit.com/news-alert-subscription.aspx
On Gurit: The
companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Ex-change: GUR)
are specialised on the development and manufacture of advanced com-posite
materials and related technologies featuring bespoke physical and chemical
characteristics. The comprehensive product range comprises fibre reinforced
prepregs, structural core products (man-made materials and balsa wood), gel
coats, adhesives, resins and consumables as well as certain finished parts.
Gurit supplies growth markets in Wind Energy, Tooling, Transportation, Marine,
and Engineered Structures. The international Group has production sites and
offices in Switzerland, Germany, the UK, Canada, Spain, Australia, New Zealand,
the USA, Ecuador, India and China.