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Gurit receives silver award for sustainability performance
Gurit (SIX Swiss Exchange: GURN) has been awarded a silver medal for its sustainability performance from EcoVadis, one of the world’s largest sustainability rating agencies. This places Gurit in the top 12% of all EcoVadis-rated companies. The assessment reviews how a company manages over 20 corporate social responsibility and sustainability criteria in terms of the environment, governance and business ethics, labour and human rights as well as responsible procurement. The rating evaluates a company’s management systems and policies and is based on global standards such as the United Nations Global Compact, the Global Reporting Initiative and ISO-certifications. After being awarded bronze last year, Gurit has made further progress in its…
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Gurit Financial Calendar 2023
Gurit (SIX Swiss Exchange: GURN) today published its financial calendar for the calendar year 2023. Preliminary and unaudited 2022 net sales results will be communicated on Monday, January 30, 2023 after 6:00 p.m. CET by means of a media release. Gurit will report its 2022 full-year results on Thursday, March 2, 2023, by issuing a media release at 07:00 a.m. CET. The Annual Report 2022 will be available on Gurit’s website at www.gurit.com/Investors/Reports. Management will also discuss the results in further detail at a joint media and analyst conference on March 2, 2023 at 09:00 a.m. CET. The conference will be held in English and will be accessible as a…
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Gurit reports net sales of CHF 362.8 million in the first nine months of 2022
Zurich, October 21, 2022 – Ad hoc announcement pursuant to Art. 53 LRGurit (SIX Swiss Exchange: GUR) today reports unaudited sales results for the first nine months of 2022. Total net sales for this period were CHF 362.8 million and net sales of Continued Operations were CHF 352.8 million which is an increase of 7.8% at constant exchange rates or 4.1% in reported CHF. We progress on plan with our initiated cost-out programs and the ramp-up of our new wind campus in India. In the first three quarters of the year, the business with Western wind customer was weaker compared to the same period in 2021, driven by lower US…
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Gurit reports net sales of CHF 234.8 million in the first half of 2022
Gurit (SIX Swiss Exchange: GUR) today reports unaudited sales results for the first half of 2022. Net sales for this period were CHF 234.8 million which is a decline of -7.0% at constant exchange rates or -9.2% in reported CHF versus prior year. For Continued Operations, the decline was -5.7% at constant exchange rates. Net sales in the first half year continued to be impacted by a challenging market for wind turbine blades. Our largest Western wind customers produced less blades year-over-year. In China we observed a market growth, however at very aggressive price levels. While the wind market faces challenges, the marine and other industrial markets saw good growth…
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Gurit reports successful closing of acquisition of majority share in Fiberline Composites A/S
Gurit (SIX Swiss Exchange: GUR) today reports the successful closing of the acquisition of a 60% share of Fiberline Composites A/S, as announced on April 28, 2022. With the acquisition of Fiberline, a technology-leading manufacturer of pultruded carbon and glass fiber products, Gurit has successfully enhanced and strengthened its product offering for the Wind Energy market. To introduce the Fiberline business more in detail and provide more background to the strategic rationale of the acquisition, Gurit will hold an Investor & Analyst conference call on May 10 at 09:00 CEST. The conference will be accessible via the following weblink: https://www.gurit.com/… . Financial Analysts and Media Representatives are kindly asked to…
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Gurit acquires majority share in Fiberline Composites A/S
Gurit (SIX Swiss Exchange: GUR) today announced the acquisition of a 60% share of Fiberline Composites A/S, a technology-leading manufacturer of pultruded carbon and glass fiber products used in the wind blade production. The signing took place on April 27, with closing expected before the end of May 2022. Fiberline Composites, headquartered in Middelfart, Denmark, operates production sites in Denmark and China and employs around 300 employees. The company serves major wind turbine OEMs around the world. Founded in 1979, the company recently specialized in pultruded carbon and glass blade spar components and blade root inserts. Fiberline reached annual net sales of CHF 104 million in the calendar year 2021…
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Gurit reports net sales of CHF 107.7 million in the first quarter of 2022
Gurit (SIX Swiss Exchange: GUR) today reports unaudited sales results for the first quarter of 2022. Net sales for this period were CHF 107.7 million which is a decline of -13.9% at constant exchange rates or -15.7% in reported CHF versus the first quarter of the prior year. Gurit sales in the first quarter continued the trend of the second half of last year: Strong double-digit growth in Marine and Industrial, but significantly lower Wind market with a particular challenging environment for the Manufacturing Solutions business. Composite Materials achieved net sales of CHF 61.2 million for the first quarter of 2022. This represents an increase of 2.6% at constant exchange…
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Gurit showcasing innovative composite solutions for wind and lightweighting at JEC World 2022
Gurit will be featuring new and trusted products at JEC World in Paris from May 3-5, including the award-nominated SpabondTM adhesive, KerdynTM Green recycled PET structural core, and more. Gurit is proud to be a solution provider to the lightweighting and global wind energy industries, providing wind turbine blade manufacturers with a complete offering, including tooling, manufacturing solutions, advanced composite materials, core kitting services and design, technical support, solutions for the repair of wind blades. Gurit’s complete offering for the wind industry Products being highlighted at JEC World include the SpabondTM 800 series, a certified, high performance, toughened adhesive designed for bonding large structures such as wind turbine blades. SpabondTM…
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Gurit sells Aerospace business to Isovolta
. Ad hoc announcement pursuant to Art. 53 LR Gurit (SIX Swiss Exchange: GUR) today announced the sale of its Aerospace business to Isovolta Group, a manufacturer of composites based in Austria. The signing and closing of the transaction took place concurrently and will be effective April 13, 2022. The divestment of the Aerospace business is in line with Gurit’s strategy to focus its activities on the Wind turbine industry as well as on the Marine and Industrial markets that Gurit intends to strengthen further. Gurit CEO Mitja Schulz states: “We are glad that we have found a new owner that offers our Aerospace business the continued opportunity of further…
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Gurit Reports Net Sales of CHF 467.9 million and an adjusted Operating Profit Margin of 7.0% for Calendar Year 2021
Net Sales 2021 of CHF 467.9 million Operating profit margin at 5.0% of net sales and 7% adjusted for one-off items Proposed distribution of CHF 7.00 per bearer share Gurit (SIX Swiss Exchange: GUR) today reported net sales of CHF 467.9 million for the full year 2021. Gurit achieved an operating profit of CHF 23.4 million (5.0% of net sales). Adjusted for one-off items, the operating profit was CHF 33.0 million (7.0% of net sales). Net profit amounted to CHF 9.2 million in 2021. Gurit saw its net sales decline by -19.8% at constant exchange rates or -18.9% in reported CHF versus prior year. Net sales were impacted by a…
