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Gurit Reports Net Sales Growth for Continued Operations of 3.3% in CHF or 8.9% at constant exchange rates
Gurit (SIX Swiss Exchange: GUR) today reported preliminary and unaudited net sales of CHF 578.8 million for the full year 2020 (FY 2019: CHF 576.4 million). This represents an increase of 0.4% in reported Swiss francs and 5.8% growth on a currency adjusted basis. The Continued Operations grew 8.9% at constant exchange rates or 3.3% in reported Swiss francs. Gurit finished a strong year despite challenges posed by the COVID-19 pandemic. The Group benefits from its strong positioning in the global wind energy market. Composite Materials reports net sales of CHF 276.2 million for 2020. This is an increase of 10.7% in reported Swiss francs or 16.2% at constant exchange…
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Gurit Financial Calendar 2021
Gurit (SIX Swiss Exchange: GUR) has published its financial calendar for the fiscal year 2021 today. Preliminary and unaudited 2020 net sales results will be communicated on January 29, 2021 after 5:40 p.m. CET by means of a media release. Gurit will report its 2020 full-year results on March 2, 2021 by issuing a media release at 07:00 a.m. CET. The Annual Report 2020 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, 2021 at 09:00 a.m. CET. The conference will be accessible as a webcast via the following link: www.gurit.com/Investors/Webcasts The…
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Gurit’s continued business grows 4.1% in CHF or 10.2% at constant exchange rates in the first nine months of 2020
Gurit (SIX Swiss Exchange: GUR) reports net sales of CHF 434.8 million for the first nine months of 2020. Net sales of continued business increased by 13.0% in the third quarter and 10.2% in the first nine months at constant exchange rates. Gurit finished a strong third quarter and continues to show a good performance for the first nine months of 2020. Despite challenges posed by the COVID-19 pandemic the Group benefits from its strong positioning in the global wind energy market. Composite Materialsreports net sales of CHF 207.8 million for the first nine months of 2020. This is an increase of 12.1% or 18.1% at constant rates…
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Gurit Kitting extends major wind core kit supply contract for three years
Gurit (SIX Swiss Exchange: GUR) announces a three-year core material engineering and kit supply agreement with a major wind turbine manufacturer. The agreement is an extension of an existing three-year contract which expires. The new contract is expected to generate net sales of around CHF 130 million over the contract period. It is providing a bigger share of volume of this major Wind OEM’s kit demand and at current material terms an expected revenue increase of CHF 10-15m per year. “We are pleased to see that we expand our cooperation to bring further engineered kitting solutions to the global market with one of our key business partners. This agreement…
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Disclosure of shareholdings
Gurit (SIX Swiss Exchange: GUR) announces that according to a notification received on August 19, 2020, Martin Bisang, 8700 Küsnacht, Switzerland, has increased his stake in Gurit and now holds since a purchase on August 17, 2020 through Whale Holding AG and Whale Ventures AG, Zug, a total of 100,000 shares equalling 15.15% of the voting rights in Gurit Holding AG. Forward-looking statements: To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time ofpublication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may…
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Gurit’s continued business grows 2.3% in CHF or 8.7% at constant exchange rates with an operating profit margin of 11.2%
Sincere thanks to all Gurit employees for their help thru COVID 19 Continued business net sales grew 8.7% at constant exchange and 2.3% in CHF Total operating profit margin of 11.1% versus a full year guidance range of 8.5-11% Net debt reduced by CHF 20 million at 30.6.2020 compared to 30.6.2019 Gurit (SIX Swiss Exchange: GUR) today reports total net sales of CHF 283.2 million for the first six months of 2020. Net sales of continued business increased by 8.7% at constant exchange rates. Total operating profit amounted to CHF 31.3 million or 11.1% margin for the first half-year 2020. Improving the health and safety further in all our operations…
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Gurit appoints new Chief Executive Officer
Gurit (SIX Swiss Exchange: GUR) announces the appointment of Mitja Schulz as Chief Executive Officer and Member of the Executive Committee. As communicated on April 23, 2020, Gurit has been in the process of recruiting the successor of current Chief Executive Officer Rudolf Hadorn. Today, August 17, 2020, it was announced that Mitja Schulz has been appointed to fill the position. Prior to joining Gurit, Mitja Schulz was Senior Vice President and CEO of ZF Wind Power Antwerpen NV, part of ZF Friedrichshafen. Before this, he held a number of senior management positions within ZF Friedrichshafen and Porsche where he successfully executed major business transformation and growth programs. Mitja…
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Update to Gurit Financial Calendar: August 17 Analyst & Media Conference held as online event only
Gurit (SIX Swiss Exchange: GUR) informs media representatives and financial analysts that contrary to Gurit’s financial calendar published earlier, no physical analyst & media conference will be held in Zurich on August 17, 2020. On Monday, August 17, 2020 Gurit Management will discuss the results of the First Half-Year 2020 interim report in a public webcast at 09:00 a.m. CEST. The presentation will be held in English and will be accessible at www.gurit.com/Investors/Webcasts . After the webcast Financial Analysts and Journalists are invited to participate in a Q&A conference call. Access details are available upon prior registration by Friday, August 14 via investor@gurit.com The Half-Year 2019 interim…
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Gurit appoints new General Manager of Business Unit Wind Materials
Gurit (SIX Swiss Exchange: GUR) is announcing the appointment of Dr. Ernst Lutz as General Manager of Business Unit Wind Materials and Member of the Executive Committee, effective September 1, 2020. Dr. Ernst Lutz brings with him strong technical knowhow and extensive leadership experience from a global business environment. He will report to Rudolf Hadorn, Chief Executive Officer of Gurit. Ernst Lutz is joining Gurit from Grundfos Holding A/S in Denmark, where he held the position of Group Executive Vice President of Business Development and Chief Technology Officer. Prior to this, he served in several international executive positions at Sulzer Ltd. Switzerland and at the Alcan Group. Ernst Lutz is…
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Gurit to support Indian Wind Energy Industry with major investments
Gurit (SIX Swiss Exchange: GUR) announces a major investment plan of over CHF 20 million to support the Indian Wind Energy Industry In order to participate in the growing Indian Wind Energy market needs for rotor blades for domestic use and export, Gurit has decided to establish a significant manufacturing presence to begin in 2020 through 2022. Gurit is setting up a core material kitting facility in the north Indian Gujarat region which will go on line early 2021. During 2021, completing in 2022, Gurit will establish a large production site in the south Indian region of Tamil Nadu where it will set-up a Tooling operation for blade moulds…
