Investor News

19 September 2012

Gurit concludes sale of operationally redundant real estate in Ittigen/Bern 

Zürich, September 19, 2012. Gurit (SIX Swiss Exchange: GUR) signed today an agreement regarding the sale of operationally redundant real estate in Ittigen/Bern with a group of Bernese entrepreneurs. The buyers plan to expand their industrial presence on the land.



18 September 2012

Gurit and Hawart to cooperate in mould and transport systems manufacturing for wind rotor blades 

Zürich/Switzerland and Ganderkesee/Germany, September 18, 2012. Gurit (SIX Swiss Exchange: GUR) and HAWART Sondermaschinenbau GmbH have agreed to closely cooperate in the areas of mould and transport systems production for wind energy rotor blades to leverage the strengths of both companies to benefit their global customer base. The cooperation does not involve any cross capital engagements.



31 August 2012

Gurit prolongs supply contract for prepreg materials with existing Aerospace customer 

Zürich, August 31, 2012. Gurit (SIX Swiss Exchange: GUR) and an existing Aerospace customer have agreed to continue the supplies of Gurit prepreg materials for the years 2012 to 2014.



24 August 2012

Gurit increases net sales by 20% to CHF 195.6 million and operating profit by 68.5% to CHF 17.2 million in 1HY 2012 

Zurich/Switzerland, August 24, 2012. Gurit achieved 20.0% higher net sales of CHF 195.6 million in reported Swiss francs in the first half of 2012. The operating profit increased by 68.5% to CHF 17.2 million, yielding a return on sales of 8.8%. Gurit achieved a solid operating cash flow of CHF 16.8 million, compared with CHF 4.6 million for the same period a year ago, allowing to reduce net debt from CHF 32.6 million at year-end 2011 to CHF 25.6 million by end of June 2012. Gurit recorded one-off impairments of CHF 2.9 million, mostly related to expected lower demand in the US wind energy markets due to the uncertainties around the production tax credit subsidies in the US. This impairment impacted the operating profit by 1.4 percentage points, reducing the margin from 10.2% to 8.8% of sales. In spite of this impairment and a higher overall tax rate due to not capitalized tax losses and profit generation in countries with higher tax rates, profit for the period increased by 12% to CHF 10.6 million. Expecting a certain sales decrease for the remainder of 2012, Gurit confirms its goal of an operating profit margin of 8-10% for the full year 2012.



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