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Composites

Gurit to restructure Composite Components business

The company has announced a revaluation of its operating profit potential for fiscal year 2018.

20th December 2018

Innovation in Textiles
 |  Zurich

Civil Engineering

“Based on the recent business performance with continued losses in the Composite Components business, the company revises its operating profit guidance down from the previously communicated mid-level of the 8-10% target range to an expected 6.5-7.5% operating profit margin range for the full year 2018. This is caused by higher losses and restructuring expenses in Composite Components compared to what was expected at half year 2018,” the company explains.

Read the full article on our Inside Composites website

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