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Gurit Holding AG Thurgauerstrasse 54 8050 Zürich, Switzerland http://www.gurit.com
Contact Ms Tanja Moehler +41 44 316 15 55
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Gurit Holding AG

Gurit achieves net sales growth of 3% and a strong operating profit margin of 10.5% in the first half of 2016

Gurit 1HY 2016 Report

(PresseBox) (Zurich, Switzerland, )
Gurit (SIX Swiss Exchange: GUR) reports net sales of CHF 182 million for the first half of 2016. This represents a currency-adjusted growth of 3% and +2.5% in reported Swiss francs over the previous year. The operating profit margin reached 10.5% at CHF 19.1 million operating profit in the first six months of 2016 containing one-off expenses of CHF 2.5 million, mainly related to non-cash impairment charges in the U.K. of CHF 2.0 million. Operating profit improved by 21% compared to CHF 15.8 million in the first half of 2015. Operating profit margin before one-off costs reached remarkable 11.8% of fxo pjodo.

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