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    GURN   CH1173567111

GURIT HOLDING AG

(GURN)
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End-of-day quote Swiss Exchange  -  2022-08-16
107.00 CHF   -5.98%
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Gurit : extends major wind core kit supply contract for three years

03/01/2021 | 12:33am EDT

EQS Group-Ad-hoc: Gurit Holding AG / Key word(s): Agreement/Contract
Gurit extends major wind core kit supply contract for three years

01-March-2021 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Zurich, March 1, 2021 - Gurit (SIX Swiss Exchange: GUR) announces a three-year core material kit engineering and supply contract with a major wind turbine manufacturer. The agreement is a continuation of a long-standing partnership with similar volumes and is expected to generate net sales of CHF 270-350 million over the 2021-2023 period. The contract will generate business for all ten kitting sites, including the new facilities being set up in India. Gurit Kitting will provide additional benefits with the reduction of the Total Cost of Ownership for the customer through innovative design solutions.

'The extension of our existing partnership is the result of our team's ability to deliver consistent high quality and builds on our global footprint and focus on innovative engineered core kits.' says Andreas Kipker, General Manager of Gurit's Kitting business unit.

About Gurit
The subsidiaries of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialized on the development and manufacture of advanced composite materials, composite tooling equipment and core kitting services. The product range comprises, structural core materials, fibre reinforced prepregs, formulated products such as adhesives, resins as well as structural composite engineering. Gurit supplies global growth markets such as the wind turbine industry, aerospace, marine, rail and many more. Gurit operates production sites and offices in Australia, Canada, China, Denmark, Ecuador, Germany, Indonesia, India, Italy, New Zealand, Poland, Spain, Switzerland, Turkey, United Kingdom and the United States.

www.gurit.com



End of ad hoc announcement
Language: English
Company: Gurit Holding AG
Thurgauerstrasse 54
8050 Zurich
Switzerland
Internet: https://www.gurit.com/
ISIN: CH0008012236
Valor: 801223
Listed: SIX Swiss Exchange
EQS News ID: 1171815

 
End of Announcement EQS Group News Service

1171815  01-March-2021 CET/CEST

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© EQS 2021
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Analyst Recommendations on GURIT HOLDING AG
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Financials
Sales 2022 484 M 508 M 508 M
Net income 2022 16,6 M 17,4 M 17,4 M
Net Debt 2022 84,9 M 89,1 M 89,1 M
P/E ratio 2022 33,4x
Yield 2022 1,06%
Capitalization 490 M 515 M 515 M
EV / Sales 2022 1,19x
EV / Sales 2023 1,03x
Nbr of Employees 2 406
Free-Float 54,1%
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 114,20 CHF
Average target price 141,50 CHF
Spread / Average Target 23,9%
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Managers and Directors
Mitja Schulz Chief Executive Officer
Philippe Wirth Chief Financial Officer
Rudolf Hadorn Chairman
Ernst Lutz Chief Technology Officer
Nick Huber Non-Executive Director
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