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Gurit Composite Materials
The business unit Composite Materials benefited from sound demand in the wind energy industry and the Company`s position in the global core material value chain. Net sales for advanced composite materials increased by 6.1% in reported Swiss francs (currency adjusted: 10.7%) to CHF 205.3 million in the first nine months of 2015 compared with net sales of CHF 193.6 million in the first nine months of 2014. Sales to the wind energy industry amounted to CHF 116.3 million in the first nine months of 2015 (+17.4%). Sales to other material markets (Marine, Aerospace, Industrial, Automotive Materials, and Ballistics) totaled CHF 89 million in the nine-month 2015 period, -5.8% (currency adjusted: -1.7%) weaker than in the first nine months of 2014.
Gurit Composite Components
The business unit Composite Components (automotive components, bus parts, and structural engineering) reported sales of CHF 20.8 million for the first nine months of 2015 as compared with CHF 21.1 million in the first nine months of 2014. This represents a decrease of -1.7% in reported Swiss francs or a 0.8% increase on a currency adjusted basis. Reduced sales volumes in Q3-2015 compared to Q1/Q2 of 2015 are related to the timing of phase out of some programs and new programs not yet fully deployed.
Gurit Tooling
The business unit Tooling (wind blade moulds and related equipment) increased sales to CHF 43.1 million for the first nine months of 2015 as compared with sales of CHF 36.1 million for the first nine months of 2014. This represents an increase of 19.6% in reported Swiss francs and a currency adjusted rise of 13.3%.
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Net sales
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First 9 months
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Sales by quarter
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in CHF 1000
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2014
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2015
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Change in reported CHF
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Change at ytd 2015 transl.
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Q1-2015
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Q2-2015
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Q3-2015
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|
Wind Energy
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99’073
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116’320
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17.4%
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22.6%
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35’785
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39’764
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40’771
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Other Material markets
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94’485
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89’007
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-5.8%
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-1.7%
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31’488
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29’555
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27’964
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Composite Materials
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193’558
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205’327
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6.1%
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10.7%
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67’273
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69’319
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68’735
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Composite Components
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21’132
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20’763
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-1.7%
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0.8%
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7’526
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7’386
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5’851
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Tooling
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36’051
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43’125
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19.6%
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13.3%
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14’481
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11’801
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16’843
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GURIT GROUP
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250’741
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269’214
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7.4%
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10.3%
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89’280
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88’506
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91’429
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For the full year 2015, Gurit confirms its expectation to generate net sales of around CHF 350 million and an operating profit margin within the Company`s reported mid-term target of eight to ten percent.
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