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Gurit full-year 2013 sales fall 19.9%, Ebitda plummets 51.4%

11:40 AM MDT | March 14, 2014 | Michael Ravenscroft

Composite materials supplier Gurit (Zurich) says its sales in full-year 2013 fell 19.9%, to 281.1 million Swiss francs ($322 million) and Ebitda plummeted by 51.4%, to SF17.7 million, compared with SF36.6 million in the year-ago period. Ebitda margin fell to 6.3% in 2013 compared with 10.4% in 2012. Operating profit was SF6.4 million in 2013 versus SF12.7 million in 2012. Net profit in full-year 2013 was SF100,000 compared with SF 13.7 million a year ago. “Considerable growth in most markets could not offset the painfully lower demand from global wind...

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