Gurit has reported preliminary and unaudited full year net sales of CHF 359.4 million, representing an increase of 10.4% (currency-adjusted) and a 7% increase in reported Swiss francs versus 2014. The positive development is mainly related to the strong demand from the wind energy market and gains in market shares.

Gurit`s Composite Materials business’ net sales to the wind energy market grew by 18.4% (currency-adjusted: 23.9%) to CHF 155.4 million. The company`s core material range was almost fully utilized throughout the year and more than offset the technology-related phase-out of prepreg sales for the production of wind blades, the company said.

Material supply to other material markets slightly declined by 5.5% (currency-adjusted: -1.4%) mainly due to lower build rates in the aerospace segments served by Gurit, and somewhat lower sales to the marine market compared to a very strong 2014.

In total, net sales in the Composite Materials business increased by 6.7% (currency-adjusted: 11.6%) year-on-year from CHF 256.7 million in 2014 to CHF 274.0 million in 2015.

Gurit’s Composite Components business showed the anticipated drop in sales and declined by 18.2% (currency-adjusted: -16.2%) from CHF 32.3 million in 2014 to CHF 26.4 million in 2015. The decrease results from the orderly end of contracts and the start of production delay for a large project.

Gurit’s Tooling business was able to reach a new record year in 2015. Net sales amounted to CHF 59.0 million representing an increase of 26.1% (currency-adjusted: 21.6%) from net sales of CHF 46.8 million in 2014.

This story uses material from Guritwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.