Skip to main content

Gurit reports sales growth in 2011

Switzerland-based Gurit announced it achieved double-digit sales growth in 2011.

Marine sales contributed 15.1 percent to group sales, and revenue grew by 8.1 percent on a currency-adjusted basis and declined by 2.8 percent in reported Swiss francs, to 52.1 million francs, mainly backed by growth generated in the United States and Europe. Sales in Australia declined because of the exchange rate development of the Australian dollar, the company said.

In 2011, the operational earnings-before-interest-and-taxes margin level of the marine business was below the group’s operational EBIT margin level.

In 2012, Gurit sees further organic growth potential across all market areas and plans to achieve an operational EBIT in the guidance range of 8 to 10 percent.

Related

01_DROUGHT

Open for Business

Despite drought conditions in the western United States, boating remains popular on Lake Mead and elsewhere.

1_OIL.PRICE

Crude Weakens and Gas Prices Ease

West Texas Intermediate crude oil fell below $100 per barrel yesterday, while gasoline and diesel prices have slipped from their June highs.

1_RFA.NIXON

RFA Hires Executive Director

Robert Nixon brings fishing-policy expertise and lobbying experience to the group’s efforts to preserve anglers’ rights.

Teaser-Graphic-6-29-22_2

2022 Women in the Industry Summit, Leadership Panel, Awards Ceremony & Reception

MONDAY, SEPTEMBER 26, 2022, MARRIOTT TAMPA WATER STREET, TAMPA, FL

DealerOutlook

Seabins Coming to Lake Erie

The devices, deployed as part of a pilot program, skim and collect debris from the water, including microplastics. Meanwhile, MBIA announces scholarship funds.

1_BOATSETTER

Boatsetter Reports Uptick in Rentals

The on-water experience company has seen triple-digit growth in pontoon and party-boat rentals, as well as fishing and yacht charters.

1_SMARTGYRO

Smartgyro Signs Distributors, Hires Sales Manager

The company said the three U.S. distributors, working with Bob Walker, will help expand its dealer network and brand recognition.

1_YEARGIN

The Upside of a Downturn

Economic challenges should push you to develop a strategy that helps you weather the storm and come out stronger on the other side.