Brief: Gurit Holding Sees Single-Digit Organic Growth To CHF 600 Mln In 2020

Gurit Holding AG

27/02/2020 05:58

Feb 27 (Reuters) - Gurit Holding AG  GUR.S :
    * FY NET SALES 2019 OF CHF 576.4 MILLION, A CURRENCY-ADJUSTED INCREASE OF 38.6% VERSUS 2018
    * FY OPERATING PROFIT MARGIN AT 9.0% OF NET SALES
    * PROPOSED DISTRIBUTION OF CHF 25.00 PER BEARER SHARE
    * NET PROFIT AMOUNTED TO CHF 34.9 MILLION IN 2019
    * EXPECTS A SINGLE-DIGIT ORGANIC REVENUE GROWTH TO CHF 600 MILLION IN 2020
    * EXPECTS TO ACHIEVE AN OPERATING PROFIT IN RANGE OF 8.5-11.0% FOR FISCAL YEAR 2020
    * NET SALES GUIDANCE DOES CONSIDER DIVESTMENT OF AUTOMOTIVE BUSINESS EFFECTIVE FEBRUARY 1,
2020
    * OPERATING PROFIT GUIDANCE PROVIDED ASSUMES NEGATIVE EFFECT OF CORONA VIRUS TRIGGERED
BUSINESS
INTERRUPTION IN CHINA IN FEBRUARY
    * IF BUSINESS IMPACT OF CORONA VIRUS LASTS LONGER, EFFECT ON SALES AND OPERATING PROFIT
MARGINS
WOULD BE MORE SEVERE

Source text for Eikon:  ID:nTENhc91xa 
Further company coverage:  GUR.S 

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