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.