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Gurit's third-quarter sales fall 17% YOY but rise 11% sequentially

8:53 AM MST | November 4, 2013 | Michael Ravenscroft

Gurit (Zürich) has posted a 16.8% drop in sales, to 76.1 million Swiss francs ($83.4 million), in third-quarter of 2013 compared with SF91.5 million in the year-ago period. Profitability figures have not been released. The company says it is "continuing its recovery after the disappointing first six months and grew its overall sales in third-quarter 2013 by 10.6% over the preceding quarter." Gurit's recovery was "achieved in all composite materials target markets, including wind and energy, and boosted by a strong progression in...

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