Gurit has reported unaudited results for the fiscal year 2015 first quarter. Growth of the company progressed well over the first three months of the year resulting in a sales growth of 13.3% compared with the first quarter of 2014.
Adjusted for currency changes, the growth rate of 13.3% would increase to 15.6%. Gurit Composite Materials sales totaled CHF 67.3 million for the first quarter 2015. This 9.9% (13.9% when adjusted for currency changes) year-over-year sales growth mainly resulted from continued strong core material sales to the wind energy sector as well as from sound demand in the marine business and other material markets. Gurit Composite Systems and Engineering reported an increase in revenues by 25% (21.2% when adjusted for currency changes, lower mainly due to the strong RMB) year-over-year to CHF 22 million mainly due to sustained growth in the company`s tooling business.
