Gurit (SIX Swiss Exchange: GUR) today reports unaudited results for the first quarter of 2018. Net sales for the first three months of the year increased by 5.4% (currency-adjusted: +1.3%) against the prior-year period.
Gurit Composite Materials achieved net sales of CHF 62.9 million for the first quarter of 2018. This represents a decrease of 6.8% (currency-adjusted: -10.6%) compared to net sales of CHF 67.4 million for the first three months of 2017. The decline results from the continued low material demand level in the wind energy industries in India and China. Sales to other material markets, mainly
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