Gurit has reported double-digit sales growth for the second consecutive year. The strong wind energy demand, customer wins and the full deployment of the company’s comprehensive core materials offering were the main contributors to the increase of net sales to CHF 359.4 million for 2015.
Based on the positive sales development and the materialization of the initiated improvement programs, operating profit rose to CHF 33.0 million (9.2% of net sales) and net profit amounted to CHF 22.6 million for the full year 2015. Gurit Composite Materials achieved net sales of CHF 274.0 million in 2015. This represents an increase of 6.7% (currency-adjusted: 11.6%) compared to net sales of CHF 256.7 million in 2014. Net sales to the wind energy market grew by 18.4% (currency-adjusted: 23.9%) to CHF 155.4 million in 2015. 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 due to somewhat lower sales to the marine market compared to a very strong 2014. Gurit currently estimates that the Company will continue to grow on a low single-digit level in 2016. In terms of profitability, the Company strives to confirm its target of 8-10%.
