Gurit with double-digit growth in 2015
 
Zurich, January 29, 2016 Gurit (SIX Swiss Exchange: GUR) today reported preliminary and unaudited full year net sales of CHF 359.4 million, representing an increase of 10.4% (currency-adjusted) and a 7% increase in reported Swiss Francs versus 2014. The positive development is mainly related to the strong demand from the wind energy market and gains in market shares.
 

Gurit`s Composite Materials Business was able to further participate in the growth of the global wind energy market. The company`s core material range was almost fully utilized throughout the year and more than offset the technology-related phase-out of prepreg sales for the production of wind blades. Net sales to the wind energy market grew by 18.4% (currency-adjusted: 23.9%) to CHF 155.4 million.

 

Material supply to other material markets slightly declined by 5.5% (currency-adjusted: -1.4%) mainly due to lower build rates in the aerospace segments served by Gurit, and somewhat lower sales to the marine market compared to a very strong 2014.

 

In total, net sales in the Composite Materials Business increased by 6.7% (currency-adjusted: 11.6%) year-on-year from CHF 256.7 million in 2014 to CHF 274.0 million in 2015.

Gurit`s Composite Components Business showed the anticipated drop in sales and declined by 18.2% (currency-adjusted: -16.2%) from CHF 32.3 million in 2014 to CHF 26.4 million in 2015. The decrease results from the orderly end of contracts and the start of production delay for a large project.

 

Gurit`s Tooling Business was able to reach a new record year in 2015. Net sales amounted to CHF 59.0 million representing an increase of 26.1% (currency-adjusted: 21.6%) from net sales of CHF 46.8 million in 2014.

 

Net sales

Full year

Sales by quarter

in MCHF

2014

2015

Change in

reported CHF

Change @ ytd 2015 transl.

Q1
2015

Q2
2015

Q3
2015

Q4
2015

Wind Energy

131,2

155,4

18.4%

23.9%

35,8

39,8

40,8

39,1

Other Material Markets

125,5

118,6

-5.5%

-1.4%

31,5

29,6

28,0

29,6

Composite Materials

256,7

274,0

6.7%

11.6%

67,3

69,3

68,7

68,7

Composite Components

32,3

26,4

-18.2%

-16.2%

7,5

7,4

5,9

5,6

Tooling

46,8

59,0

26.1%

21.6%

14,5

11,8

16,8

15,9

Total Group

335,8

359,4

7.0%

10.4%

89,3

88,5

91,4

90,2

 

Online publication of Annual Report 2015, Media/Analyst conference and international Webcast on Tuesday, March 15, 2016

Gurit will report its 2015 full-year results on March 15, 2016, by issuing a press release at 07.00 a.m. CET and publishing its Annual Report 2015 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 Zurich on March 15, 2016, at 09:30 a.m. CET. 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.