Gurit, which makes composite parts for the wind industry, reports net sales for Q1 2017 of CHF 87.4 million, a 3.6% increase on a currency-adjusted base.
Gurit Composite Materials achieved net sales of CHF67.4 million for the first quarter of 2017, an increase of 1.6% compared to net sales of CHF66.4 million for the first three months of 2016. The wind energy market demand showed a slight rebound compared to the first quarter of 2016 and amounted to CHF 36.1 million.
‘The sales development in the European aerospace business showed continued positive growth rates,’ the company said in a press release. ‘Other material markets and in particular the marine and industrial sectors, however, continued to be slightly weaker than expected.’
This story uses material from Gurit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.