Gurit Reports Overall Single Digit Growth in Q1-2018

April 23 2018

Gurit reported unaudited results for the first quarter of 2018. Net sales for the first three months of the year increased by 5.4% (currency-adjusted: +1.3%) against the prior-year period.

Gurit Composite Materials achieved net sales of CHF 62.9 million for the first quarter of 2018. This represents a decrease of 6.8% (currency-adjusted: -10.6%) compared to net sales of CHF 67.4 million for the first three months of 2017. The decline results from the continued low material demand level in the wind energy industries in India and China. Sales to other material markets, mainly marine and industrial, rose by 6% (currency-adjusted: +2.5%) compared to Q1-2017 and amounted to CHF 33.2 million for the first three months of 2018.

Gurit Composite Components revenues declined slightly as a consequence of temporarily lower build rates in one of the existing programs and the time gap until the start of volume production of new projects. Net sales amounted to CHF 4.5 million for the first quarter of 2018 versus CHF 4.8 million in the first quarter of 2017.

Gurit Tooling delivered another strong quarter with net sales increasing by 62.9% (currency-adjusted: +59.4%) to CHF 24.7 million in Q1-2018 compared to net sales of CHF 15.2 million in the first quarter of 2017. The strong performance results from the continued high demand for new and larger wind blade molds for the production of increasingly efficient wind turbines.

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [52]
Chemical [263]
Composites & Advanced Materials [167]
Construction & Industrial [72]
Consumer and Retail [142]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [164]
Transportation [141]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on