Gurit Wind Energy reports net sales of CHF 48.8 million for Q3 2011 (Q3 2010: CHF 42.0 million) and CHF 138.9 million for the first 9 months of 2011 (9 months 2010: CHF 116.2 million).
As reported earlier, re-started deliveries of glass fibre prepreg to a major customer in Europe and the beginning of a major carbon fibre prepreg program for a customer in the Americas are increasing the sales momentum as from Q3. Core material sales are seeing more pressure in China as that market is slowing down in the second half of 2011 compared with last year’s level. Gurit projects further sequential quarterly sales growth and margin improvements for the remainder of 2011.
As reported earlier, re-started deliveries of glass fibre prepreg to a major customer in Europe and the beginning of a major carbon fibre prepreg program for a customer in the Americas are increasing the sales momentum as from Q3. Core material sales are seeing more pressure in China as that market is slowing down in the second half of 2011 compared with last year’s level. Gurit projects further sequential quarterly sales growth and margin improvements for the remainder of 2011.
