Gurit Composite Materials achieved net sales of CHF 66.4 million for the first quarter of 2016. This represents a decline of 1.3% (currency-adjusted: -1.0%) compared with net sales of CHF 67.3 million for the first three months of 2015.
As anticipated, wind energy market demand, in particular in China, was reduced. Sales to the wind energy market was CHF 33.7, a decrease of 5,7% compared to 2015The positive sales development in the aerospace, marine and other material markets could not fully compensate the shortfall.
