|
Gurit Composite Materials achieved net sales of CHF 66.4 million for the first quarter of 2016. This represents a decline of 1.3% (currency-adjusted: -1.0%) compared with net sales of CHF 67.3 million for the first three months of 2015. As anticipated, wind energy market demand, in particular in China, was reduced. The positive sales development in the aerospace, marine and other material markets could not fully compensate the shortfall.
Gurit Composite Components revenues declined according to expectation as a consequence of the communicated orderly project expiries in 2015 and a delayed volume production start. Net sales amounted to CHF 5.0 million for the first quarter of 2016 versus CHF 7.5 million in the first quarter of 2015.
Gurit Tooling was able to outperform the strong fourth quarter 2015 and increased net sales to CHF 16.3 million in Q1-2016. This represents an increase of 12.9% (currency-adjusted: 15.3%) compared with net sales of CHF 14.5 million achieved in the first quarter of 2015.
|
Net Sales
in MCHF
|
Q1-2016
|
Q1-2015
|
Change in reported CHF
|
Change at constant 2015 rates
|
Q4-2015
|
|
Materials, Wind Energy
|
33.7
|
35.8
|
-5.9%
|
-5.7%
|
39.1
|
|
Materials, Other Markets
|
32.7
|
31.5
|
3.9%
|
4.3%
|
29.6
|
|
Composite Materials
|
66.4
|
67.3
|
-1.3%
|
-1.0%
|
68.7
|
|
Composite Components
|
5.0
|
7.5
|
-33.4%
|
-32.5%
|
5.6
|
|
Tooling
|
16.3
|
14.5
|
12.9%
|
15.3%
|
15.9
|
|
Total Net Sales Group
|
87.7
|
89.3
|
-1.7%
|
-1.0%
|
90.2
|
Annual General Meeting of Shareholders
The Annual General Meeting held today at Pfaeffikon, SZ, approved all motions proposed by the Board of Directors. Gurit will thus pay out CHF 15.00 per listed bearer share out of reserves from capital contributions.
Gurit bearer shares will be traded ex-dividend as from Monday, April 18, 2016 (ex-dividend date). The positions entitled to dividend payments will be recorded on Tuesday, April 19, 2016 (record date), and the payments will be made on Wednesday, April 20, 2016 (payment date).
Gurit Half-Year 2016 Report
Gurit will publish its half-year report 2016 on August 25, 2016. Management will also discuss the results in further detail at a joint media and analyst conference on August 25, 2016, at 09:30 a.m. CEST. The conference will take place at SIX Swiss Exchange’s Convention Point, Selnau Strasse 30, CH-8021 Zürich. The presentations will be held in English and will also be accessible as a webcast on www.gurit.com where an archived version will later be available for download.
For up-to-date information on Gurit`s financial calendar, please visit http://investors.gurit.com/default.aspx
|
