Gurit reports net sales of CHF 107.7 million in the first  quarter of 2022

Zurich, April 20, 2022 - Ad hoc announcement pursuant to Art. 53 LR

Gurit (SIX Swiss Exchange: GUR) today reports unaudited sales results for the first quarter of 2022. Net sales for this period were CHF 107.7 million which is a decline of -13.9% at constant exchange rates or -15.7% in reported CHF versus the first quarter of the prior year.

Outlook
Considering the impacts of the sale of the Aerospace business, Gurit expects a revenue of between CHF 410 and 450 million, and an operating profit margin between 5.5% and 8.0%.

Annual General Meeting of Shareholders
The Annual General Meeting today approved all motions proposed by the Board of Directors. Gurit will thus pay out to shareholders a total of 7.00 CHF per listed bearer share. Gurit bearer shares will be traded ex-dividend as from April 22, 2022 (ex-dividend date). The positions entitled to dividend payments will be recorded on April 25, 2022 (record date), and the payments will be made on April 26, 2022 (payment date).

The shareholders also approved a new single share structure as well as the 1:10 share split of the bearer shares (Swiss security No. 801223, ISIN CH0008012236, symbol GUR) listed on SIX Swiss Exchange. Both changes become effective on May 2, 2022. 

The shareholders have also elected Rudolf Hadorn as new Chairman and Andreas Evertz joining Gurit as a member of the Board of Directors. 

The AGM voting results will be published on Gurit's Investor Relations webpage under the following link, alongside with a video farewell message of the retiring chairman Peter Leupp: https://www.gurit.com/Investors/AGM

Gurit Half-Year 2022 Report
Gurit will publish its half-year report 2022 on August 17, 2022 at 07:00 AM CEST. Management will also discuss the results at a joint media and analyst conference on August 17, 2022, at 09:00 AM CEST. For up-to-date information on Gurit's financial calendar, please visit https://www.gurit.com/Investors/Events