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Gurit`s Composite Materials Business was able to further participate in the growth of the global wind energy market. The company`s core material range was almost fully utilized throughout the year and more than offset the technology-related phase-out of prepreg sales for the production of wind blades. Net sales to the wind energy market grew by 18.4% (currency-adjusted: 23.9%) to CHF 155.4 million.
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 somewhat lower sales to the marine market compared to a very strong 2014.
In total, net sales in the Composite Materials Business increased by 6.7% (currency-adjusted: 11.6%) year-on-year from CHF 256.7 million in 2014 to CHF 274.0 million in 2015.
Gurit`s Composite Components Business 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. The decrease results from the orderly end of contracts and the start of production delay for a large project.
Gurit`s Tooling Business was able to reach a new record year in 2015. 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.
|
Net sales
|
Full year
|
Sales by quarter
|
|
in MCHF
|
2014
|
2015
|
Change in
reported CHF
|
Change @ ytd 2015 transl.
|
Q1
2015
|
Q2
2015
|
Q3
2015
|
Q4
2015
|
|
Wind Energy
|
131,2
|
155,4
|
18.4%
|
23.9%
|
35,8
|
39,8
|
40,8
|
39,1
|
|
Other Material Markets
|
125,5
|
118,6
|
-5.5%
|
-1.4%
|
31,5
|
29,6
|
28,0
|
29,6
|
|
Composite Materials
|
256,7
|
274,0
|
6.7%
|
11.6%
|
67,3
|
69,3
|
68,7
|
68,7
|
|
Composite Components
|
32,3
|
26,4
|
-18.2%
|
-16.2%
|
7,5
|
7,4
|
5,9
|
5,6
|
|
Tooling
|
46,8
|
59,0
|
26.1%
|
21.6%
|
14,5
|
11,8
|
16,8
|
15,9
|
|
Total Group
|
335,8
|
359,4
|
7.0%
|
10.4%
|
89,3
|
88,5
|
91,4
|
90,2
|
Online publication of Annual Report 2015, Media/Analyst conference and international Webcast on Tuesday, March 15, 2016
Gurit will report its 2015 full-year results on March 15, 2016, by issuing a press release at 07.00 a.m. CET and publishing its Annual Report 2015 online at http://investors.gurit.com/publicationsdownloads.aspx. Management will also discuss the results in further detail at a joint media and analyst conference in Zurich on March 15, 2016, at 09:30 a.m. CET. The conference will take place at SIX Swiss Exchange’s Convention Point, Selnau Strasse 30, CH-8021 Zurich. The presentations will be held in English and will also be accessible as a webcast on www.gurit.com where an archived version will later be available for download. Please sign up for the live event by returning the enclosed registration form.
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