Gurit says that its net sales for 2015 increased by 10.4% (currency-adjusted) to CHF 359.4 million with its operating profit rising to CHF 33.0 million.
‘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,’ the company said in a press release.
Gurit Composite Materials achieved net sales of CHF 274.0 million in 2015, 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, the company says.
Record year
Gurit Composite Components showed the anticipated drop in sales and declined by 18.2% (currency-adjusted: -16.2%) from CHF 32.3 million in 2014 to CHF 26.4 million in 2015. This decrease results from contracts ending on schedule and a production delay for a large project.
Gurit Tooling reported another record year in 2015, driven by the strong wind energy market. Net sales amounted to CHF 59.0 million, representing an increase of 26.1% (currency-adjusted: 21.6%) from net sales of CHF 46.8 million in 2014.
‘Overall, Gurit currently estimates that the company will continue to grow on a low single-digit level in 2016,’ the company went on to say. ‘In terms of profitability, the company strives to confirm its target of 8-10%.’
This story uses material from Gurit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.