Brief: Gurit Holding Reports H1 Net Sales Of CHF 284.7 Mln, Up 45.8%

Gurit Holding AG

15/08/2019 19:08

Aug 15 (Reuters) - Gurit Holding AG  GUR.S :
    * H1 NET SALES GREW 45.8% TO CHF 284.7 MILLION INCLUDING
ACQUISITION EFFECTS
    * OPERATING PROFIT AMOUNTED TO CHF 27.5 MILLION AND
OPERATING
PROFIT MARGIN CAME IN AT 9.7% OF NET SALES FOR FIRST HALF-YEAR
2019
    * NEW INSTALLATIONS ARE EXPECTED TO GROW FROM SOME 50
GIGAWATTS
(GW) IN 2018 TO SOME 70 GW IN 2019
    * FOR 2019 GURIT EXPECTS OPERATING PROFIT MARGIN WITHIN
UPPER HALF
OF TARGET RANGE OF 8 - 10%
    * FOR 2019 GURIT EXPECTS TO ACHIEVE ABOVE CHF 525 MILLION IN
NET
SALES
    * TOTAL CAPITAL EXPENDITURE PLANNED FOR FULL YEAR 2019 IS
EXPECTED
TO TOTAL AROUND CHF 30 MILLION.

Source text for Eikon:  ID:nTENdj8kpa 
Further company coverage:  GUR.S 

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