|
Gurit Composite Materials sales totaled CHF 67.3 million for the first quarter 2015. This 9.9% (13.9% when adjusted for currency changes) year-over-year sales growth mainly resulted from continued strong core material sales to the wind energy sector as well as from sound demand in the marine business and other material markets.
Gurit Composite Systems and Engineering reported an increase in revenues by 25% (21.2% when adjusted for currency changes, lower mainly due to the strong RMB) year-over-year to CHF 22 million mainly due to sustained growth in the company`s tooling business. As announced earlier, the automotive and engineering businesses were combined to the new composite components business focusing on land transportation. Composite components sales in the first quarter 2015 developed as expected. Sales came in at CHF 7.5 million, representing an increase of 15.8% over the first quarter 2014 and a 32.4% decrease versus the fourth quarter 2014 mainly due to delay in customer demand in January and the regular expiration of a project.
|
Net Sales
in MCHF
|
Q1-2014
|
Q1-2015
|
Change in %
|
Q4-2014
|
Change in %
|
|
Materials, Wind Energy
|
31.3
|
35.8
|
14.3%
|
32.2
|
11.2%
|
|
Materials, Other Material Markets
|
29.9
|
31.5
|
5.3%
|
31.0
|
1.6%
|
|
Composite Materials
|
61.2
|
67.3
|
9.9%
|
63.2
|
6.5%
|
|
|
|
|
|
|
|
|
Tooling
|
11.1
|
14.5
|
30.5%
|
10.7
|
35.5%
|
|
Composite Components
|
6.5
|
7.5
|
15.8%
|
11.1
|
-32.4%
|
|
Composite Systems & Engineering
|
17.6
|
22.0
|
25.0%
|
21.8
|
0.9%
|
|
Total Group
|
78.8
|
89.3
|
13.3%
|
85.0
|
5.1%
|
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 8.50 per listed bearer share out of reserves from capital contributions.
Gurit bearer shares will be traded ex-dividend as from Monday, April 13, 2015 (ex-dividend date). The positions entitled to dividend payments will be recorded on Tuesday, April 14, 2015 (record date), and the payments will be made on Wednesday, April 15, 2015 (payment date).
All proposals regarding the remuneration of the Board of Directors and Group Management were approved, too.
Gurit Half-Year 2015 Report
Gurit will publish its half-year report 2015 on August 24, 2015. Management will also discuss the results in further detail at a joint media and analyst telephone conference on August 24, 2015, at 09:30 a.m. CEST. The change in date became necessary due to conflicting schedules.
For up-to-date information on Gurit`s financial calendar as well as dial-in information for conference calls, please visit http://investors.gurit.com/default.aspx
|
