Gurit Reports Strategic Progress and Further Profitability Improvements for the First Half-Year 2017

August 28 2017

Gurit reports net sales of CHF 175.2 million for the first six months of 2017. This represents a currency-adjusted decrease of -0.5% and -3.9% in reported Swiss francs over the previous year. Operating profit amounted to CHF 21 million and the operating profit margin reached 12% of net sales for the first half-year 2017.
Gurit made good progress in strategy implementation. Sales-wise, Gurit met mixed market conditions across its target industries which led to a temporary dip in sales; and yet, the Company was able to further increase its operating profitability by 11% year-on-year.

Gurit Composite Materials: The business unit Composite Materials achieved net sales of CHF 129.7 million in the first half of 2017 (1HY 2016: CHF 136.0 million).

Gurit Composite Components: The business unit Composite Components reported net sales of CHF 9.8 million for the first half-year 2017 as compared to CHF 9.4 million in the first six months of 2016. This represents an increase of 14.8% on a currency-adjusted basis (+4.3% in reported Swiss francs).

Gurit Tooling: In Tooling, sales of wind turbine blade molds and related equipment in the first six months of 2017 came in well and above the Company`s estimate at the beginning of the year. Despite the challenging market environment in the Composite Materials business, Gurit was able to achieve a further improved operating profit of CHF 21.2 million in the first six months of 2017. The operating profit margin for the first half-year of 2017 rose to 12.1%.

Profitability in particular benefited from the continued good turnover in the tooling business as well as a favorable product mix in the composite materials business and a marked improvement in the automotive components business. The ongoing operational improvements also contributed to the exceptionally strong profitability level.

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 [146]
Composites & Advanced Materials [123]
Construction & Industrial [59]
Consumer and Retail [91]
Economic Analysis [86]
Energy & Utility [72]
Finance & Services [10]
Healthcare [31]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [64]
Transportation [93]

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