Gurit has reported net sales of CHF 425.3 million for the full year 2018. Gurit achieved an operating profit of CHF 28.6 million (6.7% of net sales) and net profit amounted to CHF 19.9 million in 2018.
Gurit`s wind material demand grew by 3.1% to CHF 132.2 million in 2018 over 2017 (CHF 128.2 million) and was able to increase its sales in the second half of 2018 by 13% versus the first half. Demand in Europe and especially North America was good, while in China and India wind industry demand was soft. The newly acquired JSB business unit, now Gurit Kitting, contributed CHF 28.9 million to the 2018 net sales for a period of 2.5 months since the acquisition in mid-October 2018.