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Gurit Holding AG (GUR.S)

GUR.S on Swiss Exchange

867.00CHF
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

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

Gurit reports aerospace contract renewal
Monday, 21 Nov 2016 12:04pm EST 

Gurit Holding AG : Reports aerospace contract renewal . Has successfully renewed a supply contract for aircraft interior materials with Diehl Aircabin .Agreement with a leading cabin supplier for all Airbus planes has a term of 3 years and represents a business volume of around 30 million Swiss francs ($29.68 million)over full contract period.  Full Article

Gurit Holding H1 operating profit up 21 pct to CHF 19.1 million
Thursday, 25 Aug 2016 01:01am EDT 

Gurit Holding AG : H1 achieves net sales growth of 3 percent and a strong operating profit margin of 10.5 percent . Says H1 reports net sales of 182 million Swiss francs ($188.35 million) representing a currency-adjusted growth of 3 percent . Company confirms target to deliver single-digit revenue growth for full year 2016 . H1 operating profit improved by 21 percent compared to 15.8 million francs in H1 2015 .Achieves a strong operating profit of 19.1 million francs in the first six months of 2016.  Full Article

Gurit will open a wind blade mould production facility in Szczecin, Poland
Monday, 13 Jun 2016 12:15pm EDT 

Gurit Holding AG : Will open a wind blade mould production facility in Szczecin, Poland .Expansion is targeted at further increasing company`s Tooling market share in Europe.  Full Article

Gurit Holding gives FY 2016 outlook, to propose dividend
Tuesday, 15 Mar 2016 02:00am EDT 

Gurit Holding AG:‍Proposed distribution of 15.00 Swiss francs per bearer share​.Currently estimates that the Company will continue to grow on a low single-digit level in FY 2016; in terms of profitability, the Company strives to confirm its target of 8-10 pct.  Full Article

Gurit Holding AG confirms FY 2015 outlook
Tuesday, 20 Oct 2015 11:45am EDT 

Gurit Holding AG:For FY 2015 confirms its expectation to generate net sales of around 350 million Swiss francs and operating profit margin within company`s reported mid-term target of eight to ten percent.  Full Article

Gurit Holding comments on FY 2015 outlook
Monday, 24 Aug 2015 01:00am EDT 

Gurit Holding AG:Expects net sales for full FY 2015 to amount to around 350 million Swiss francs, representing a growth of some 4 pct over 2014 financial year.FY 2015 revenue estimate 340.76 million Swiss francs - Thomson Reuters I/B/E/S.  Full Article

Gurit Holding AG raises sales and earnings outlook for H1 2015
Tuesday, 16 Jun 2015 12:40am EDT 

Gurit Holding AG:Raises financial sales and earnings outlook for H1 2015.Expects results for first half-year 2015 to come in higher than 167 million Swiss francs generated in first six months of 2014 in reported Swiss francs.Currently expects to be able to achieve a H1 2015 profit margin which exceeds current market expectation and surpasses lower end of its mid-term guidance of an 8 to 10 percent operating profit margin for 6 months 2015.  Full Article

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BRIEF-Gurit Holding buys PH Windsolutions for undisclosed purchase price

* Signed an acquisition agreement with PH Windsolutions for an undisclosed purchase price