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Gurit Composite Materials: In Q4, 2013, Gurit’s material sales fell 2.2% short of the preceding quarter. Sales to the Wind Energy market were also impacted by the postponement of deliveries into Q1, 2014. Sales to Industrial and Marine customers continued to grow thanks to various Marine and Civil Engineering projects in the EMEA and American markets. Sales to the Aerospace market were negatively impacted by low customer activities in December.
Year over year, materials sales decreased by 26.7% to CHF 227.3 million. Sales to the Wind Energy industry suffered heavily from the delayed tax credit renewal in the USA at the beginning of the year, but also from the ongoing low demand for glass fiber prepreg in Europe. As a very positive contrast, sales to the Industrial and Marine markets developed successfully – predominantly supported by significant sales for civil construction and military boat applications.
Gurit Composite Systems and Engineering: Gurit continued to successfully develop its Systems and Engineering business in 2013 and achieved 31.9% higher revenues of CHF 53.8 million. The sales generated in the fourth quarter reached a new high with CHF 16.9 million. Gurit’s automotive exterior component business grew by 24.1% year over year. Sales in Engineered Structures increased by 60.5% due to large deliveries of composite components for buses. Sales of Tooling equipment increased by 31.3% over 2012, driven mainly by large deliveries to non-Chinese customers in the second half of 2013.
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Net sales
|
Full year
|
Sales by quarter
|
|
|
|
in CHF 1000
|
2012
|
2013
|
Change in reported CHF
|
Change @ ytd 2013 transl.
|
Q1
2013
|
Q2
2013
|
Q3
2013
|
Q4
2013
|
|
|
|
Wind Energy
|
204’590
|
117’411
|
-42.6%
|
-42.0%
|
23’504
|
30’889
|
32’055
|
30’963
|
|
|
|
Aerospace
|
48’073
|
46’944
|
-2.3%
|
-3.5%
|
12’307
|
11’199
|
12’600
|
10’838
|
|
|
|
Industrial & Marine
|
57’553
|
62’949
|
9.4%
|
11.5%
|
17’111
|
14’047
|
15’135
|
16’656
|
|
|
|
Composite Materials
|
310’216
|
227’304
|
-26.7%
|
-26.1%
|
52’922
|
56’135
|
59’790
|
58’457
|
|
|
|
Automotive
|
12’064
|
14’974
|
24.1%
|
27.3%
|
3’123
|
3’758
|
3’472
|
4’621
|
|
|
|
Tooling
|
24’936
|
32’751
|
31.3%
|
30.5%
|
3’596
|
7’059
|
11’203
|
10’893
|
|
|
|
Engineered Structures
|
3’804
|
6’106
|
60.5%
|
63.8%
|
1’189
|
1’868
|
1’631
|
1’418
|
|
|
|
Comp. Systems and Engin.
|
40’804
|
53’831
|
31.9%
|
32.6%
|
7’908
|
12’685
|
16’306
|
16’932
|
|
|
|
TOTAL GROUP
|
351’020
|
281’135
|
-19.9%
|
-19.2%
|
60’830
|
68’820
|
76’096
|
75’389
|
|
|
|
|
|
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Online publication of Annual Report 2013, Media/Analyst conference and international Webcast on Friday March 14, 2014
Gurit will publish its full 2013 results on March 14, 2014 by issuing at 07.00 a.m. CET a press release and publishing its Annual Report 2013 and SHAPE – The Gurit Magazine online at http://investors.gurit.com/publicationsdownloads.aspx. Management will also discuss the results in further detail at a joint media and analyst conference in Zürich on March 14, 2014, 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.
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