Brief: FOR FY 2021, Gurit Expects Revenue Of Around CHF 530-580 Mln

Gurit Holding AG

14/04/2021 17:47

April 14 (Reuters) - Gurit Holding AG  GUR.S :
    * COMPOSITE MATERIALS ACHIEVED NET SALES OF CHF 59.8 MILLION
FOR
Q1 OF 2021
    * NET SALES IN Q1 WERE IMPACTED BY A TEMPORARILY REDUCED
DEMAND
FOR WIND BLADES IN CHINA IN 2021
    * FOR YEAR 2021, GURIT EXPECTS A REVENUE OF AROUND CHF
530-580
MILLION AND AN OPERATING PROFIT MARGIN BETWEEN 9-11%
    * KITTING NET SALES WERE ALSO NEGATIVELY IMPACTED COMPARED
TO
PRIOR YEAR DUE TO SLOWDOWN IN CHINA AND LOWER MATERIAL PRICING
    * Q1 TOTAL GROUP NET SALES CHF 127.7 MILLION VERSUS CHF
136.1
MILLION

Source text for Eikon:  ID: 
Further company coverage:  GUR.S 

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