EQS-Adhoc

Gurit Reports Net Sales Growth for Continued Operations of 3.3% in CHF or 8.9% at constant exchange rates - Seite 2

The Aerospace Business Unit reports net sales of CHF 31.6 million in 2020. This represents a significant decline of -41.0% in reported Swiss francs and -39.3% at constant exchange rates. The Aerospace Business Unit now sees a stabilization at the currently low level of demand, but as of now sees no signs of recovery in the global passenger aircraft market. The site consolidation of Zullwil into Kassel is finished and the production at the Zullwil plant has stopped. The Kassel site undertakes further cost saving measures, as well. Its capacity will be well utilized once the business of the former two plants is combined into one.

Online publication of Annual Report 2020, Media/Analyst conference and Webcast on March 2, 2021
Gurit will report its 2020 full year results on March 2, 2021, by issuing a press release at 07:00 a.m. CET and publishing its Annual Report 2020 online at http://www.gurit.com/Investors/Reports. Management will also discuss the results at a joint media and analyst webcast in Zurich on March 2, 2021, at 09:00 a.m. CET.  Please sign up for the conference by returning the enclosed registration form. The presentations will be held in English and accessible as webcast at http://www.gurit.com/Investors/Webcasts where an archived version will be available.

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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:	1164602