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Gurit Holding AG (GUR.S)

GUR.S on Swiss Exchange

1,147.00CHF
22 Sep 2017
Change (% chg)

CHF4.00 (+0.35%)
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CHF1,143.00
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CHF1,147.00
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CHF1,132.00
Volume
334
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1,147
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CHF1,216.00
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CHF758.50

Latest Key Developments (Source: Significant Developments)

Gurit Holding H1 net profit up at CHF 15.3 mln
Friday, 18 Aug 2017 01:00am EDT 

Aug 18 (Reuters) - GURIT HOLDING AG ::H1 NET SALES OF CHF 175.2 MILLION , CURRENCY-ADJUSTED DECREASE OF -0.5% AND -3.9% IN REPORTED SWISS FRANCS OVER PREVIOUS YEAR.H1 OPERATING PROFIT AMOUNTED TO CHF 21 MILLION.NET PROFIT FOR FIRST HALF-YEAR 2017 AMOUNTED TO CHF 15.3 MILLION (1HY 2016: CHF 14.1 MILLION).CONFIRMS TO REACH A LOW SINGLE-DIGIT REVENUE GROWTH FOR FULL YEAR 2017.FY OPERATING PROFIT MARGIN IS EXPECTED TO REACH UPPER END OF GUIDED RANGE OF 8 TO 10 PERCENT OF NET SALES.  Full Article

Gurit successfully completes aerospace qualification
Friday, 11 Aug 2017 11:40am EDT 

Aug 11 (Reuters) - GURIT HOLDING AG :SUCCESSFULLY COMPLETES AEROSPACE QUALIFICATION.EXPECTS SHORT-TERM REVENUE POTENTIAL OF QUALIFICATION TO BE IN LOW SINGLE-DIGIT MILLION SWISS FRANCS RANGE.MID- TO LONG-TERM, PRODUCT LISTING HAS POTENTIAL TO PRODUCE DOUBLE-DIGIT MILLION SWISS FRANCS REVENUES ON TOP OF EXISTING AEROSPACE BUSINESS.  Full Article

Gurit Holding signs licensing contract with Armacell Group
Thursday, 6 Jul 2017 11:40am EDT 

July 6 (Reuters) - GURIT HOLDING AG ::HAS SIGNED A LICENSING CONTRACT WITH THE ARMACELL GROUP, VIA ARMACELL LICENSE SERVICES S.C.S.  Full Article

Gurit forms joint venture for balsa wood production in Java​
Friday, 23 Jun 2017 11:45am EDT 

June 23 (Reuters) - GURIT HOLDING AG ::‍SIGNED AN AGREEMENT TO FORM A JOINT VENTURE FOR BALSA WOOD PRODUCTION IN JAVA, INDONESIA​.GURIT TO HOLD 55% AND SETIYO BUDI NUGROHO TO HOLD 45% OF SHARES IN NEWLY FOUNDED COMPANY PT GURIT PARTA BALSA​.‍JV PARTNERS AGREED TO INVEST INTO PLANTATIONS AND PROCESSING FACILITIES DURING 2017/18 TO ACCOMMODATE BUSINESS GROWTH​.  Full Article

Gurit renewes its distribution agreement with Maricell S.r.l.
Tuesday, 6 Jun 2017 12:06pm EDT 

June 6 (Reuters) - GURIT HOLDING AG ::HAS RENEWED ITS DISTRIBUTION AGREEMENT WITH MARICELL S.R.L., AN ITALIAN PRODUCER OF CLOSED-CELL PVC STRUCTURAL FOAM..UNDER THE TERMS OF THE AGREEMENT, GURIT WILL CONTINUE TO DISTRIBUTE ALL MARICELL PVC GLOBALLY UNTIL DECEMBER 31, 2020, WITH FURTHER EXTENSION OPTIONS.  Full Article

Gurit Holding wins new wind turbine OEM as customer
Thursday, 1 Jun 2017 01:40pm EDT 

June 1 (Reuters) - Gurit Holding AG :Gurit wins new wind turbine OEM as customer.New customer placed first set of orders for wind blade mould systems at total contract value of some CHF 11 million.  Full Article

Gurit Holding wins contract for exterior body panels from Italian car maker
Thursday, 1 Jun 2017 01:22am EDT 

June 1 (Reuters) - Gurit Holding AG ::ANNOUNCED ON WEDNESDAY THAT IT HAS WON A NEW CONTRACT FOR THE PRODUCTION AND SUPPLY OF CARBON FIBER-BASED EXTERIOR CAR BODY PANELS TO AN ITALIAN PREMIUM AUTOMOTIVE OEM.TOTAL VALUE OF THE TWO-YEAR CONTRACT IS AT AROUND CHF 9 MILLION, SUPPLY TO THE PROJECT IS SCHEDULED TO START IN JANUARY 2018.  Full Article

Gurit Holding buys PH Windsolutions for undisclosed purchase price
Wednesday, 26 Apr 2017 11:35am EDT 

April 26 (Reuters) - Gurit Holding AG ::Signed an acquisition agreement with PH Windsolutions for an undisclosed purchase price.Closing of transaction is expected by end of August 2017.PH Windsolutions currently employs 66 staff in total. The company generated a turnover of around 12 million Swiss francs in 2016 with a strong year-on-year top-line growth.  Full Article

Gurit Holding Q1 net sales amounted to CHF 87.4 million
Wednesday, 12 Apr 2017 12:20pm EDT 

Gurit Holding AG : Total net sales for Q1-2017 amounted to 87.4 million Swiss francs ($86.86 million), a 3.6 percent increase on a currency-adjusted base (-0.4 percent in reported Swiss francs) .Net sales in Gurit Tooling business amounted to 15.2 million francs in Q1-2017. A decrease of -7.2 percent (currency-adjusted: -3.3 percent) compared to net sales of 16.3 million francs achieved in Q1 of 2016.  Full Article

Gurit Holding FY net sales at CHF 352 mln
Wednesday, 8 Mar 2017 01:00am EST 

Gurit Holding AG : Net sales for FY 2016 amount to 352 million Swiss francs ($347.24 million), a currency-adjusted increase of 0.3% versus 2015 . FY net profit increases to 26.0 million francs, profitability target substantiated for second consecutive year . FY operating profit margin at 10.5% of net sales, best operating profit margin in more than 15 years . FY proposed distribution of 20.00 Swiss francs per bearer share . Overall, Gurit currently estimates that company will continue to grow on a low single-digit level in 2017 .In terms of profitability, company strive to further substantiate its mid-term target of 8 -10% operating profit margin.  Full Article

BRIEF-Gurit Holding H1 net profit up at CHF 15.3 mln

* H1 NET SALES OF CHF 175.2 MILLION , CURRENCY-ADJUSTED DECREASE OF -0.5% AND -3.9% IN REPORTED SWISS FRANCS OVER PREVIOUS YEAR