Gurit reports 1.8% higher un-audited net sales of CHF 351.0 million for FY 2012, which is slightly below its last annual guidance of around CHF 355 million.
As announced in October, sales of materials to the global wind energy industry declined in the last quarter of the year. For the full year sales for the wind energy division grew with 4%.The American wind materials market nearly came to a standstill in Q4 2012, due to the late renewal of the production tax credits for renewable energies in the USA. In addition, Asian wind markets continued to suffer from a very low investment level, over-capacities, and price pressure. Supported not least by the now renewed production tax credits in the US, Gurit expects the Wind Energy market to recover gradually from current levels during 2013.
As announced in October, sales of materials to the global wind energy industry declined in the last quarter of the year. For the full year sales for the wind energy division grew with 4%.The American wind materials market nearly came to a standstill in Q4 2012, due to the late renewal of the production tax credits for renewable energies in the USA. In addition, Asian wind markets continued to suffer from a very low investment level, over-capacities, and price pressure. Supported not least by the now renewed production tax credits in the US, Gurit expects the Wind Energy market to recover gradually from current levels during 2013.
