Switzerland-based producer of composites and materials posted a 10.17% year on year hike in sales in the third quarter of 2014.
Gurit posted a 10.17% sales increase to CHF 83.73 million for the third quarter of 2014 compared with CHF 76.09 million, it reported for the same period of last year.Switzerland-based producer of composites and materials posted a 10.17% year on year hike in sales in the third quarter of 2014. Gurit posted a 10.17% #
Division wise, Gurit Composite Materials reported a sales hike of 8.3% from the prior year quarter to CHF 64.8 million for the third quarter of 2014.
Compared with preceding second quarter, third quarter 2014 sales were, however 4.2% lower from the weakening demand for Gurit’s prepreg materials in the wind energy market of the Americas.
The other division - Gurit Composite Systems and Engineering sales posted a surge of 16.4% year-on-year to CHF 19.0 million for the third quarter of 2014.
Overall, third quarter 2014 sales recorded for Gurit Composite Systems and Engineering remained 7.9% lower than second quarter 2014 figures.
Gurit Holding specialises in the development and manufacture of advanced composite materials, related technologies and select finished parts and components.
The comprehensive product range comprises fibre reinforced prepregs, structural core products (man-made materials and balsa wood), gel coats, adhesives, resins and consumables.
Gurit supplies global growth markets with composite materials on one hand and composite tooling equipment, structural engineering and select finished parts on the other. (AR)
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