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Special plastic manufacturer – Gurit declines sales and increases profit News

Friday, August 18th, 2017 | Economy

The specialist plastic manufacturer achieved less sales, but improved the result. Net sales fell by 3.9 percent to 175.2 million Swiss francs, according to Gurit on Friday. The company is talking about a temporary decline in sales and a very mixed situation in the various target markets. It is expected that the Indian wind energy market will grow again in the fourth quarter of 2017.
On the profit side, the manufacturer of high-performance composites could significantly increase. Operating profit (EBIT) rose by 11 percent to CHF 21.2 million. The corresponding margin stood at 11.2 percent above the target of 8 to 10 percent. The Reingewinn climbed by 8.6 percent to 15.3 million Swiss francs.
The higher profitability is justified by Gurit with a good sales level in the Tooling business unit, an advantageous product mix for the composites and a significant improvement in the business with car components. Operational improvements would have helped.
(SDA)

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