Gurit Reports Decline in Q1 2025 Sales Amid Strategic Realignment

Gurit Holding AG ( (CH:GURN) ) just unveiled an update.

Gurit Holding AG reported a decline in net sales to CHF 85.2 million for the first quarter of 2025, a decrease of 12.9% at constant exchange rates compared to the previous year. This decline was attributed to the phase-out of the carbon fiber pultrusion business and selective engagement with Chinese wind customers. Despite these challenges, wind materials sales exceeded expectations due to strong demand from Western customers in Europe and North America. The company’s manufacturing solutions and marine and industrial segments were negatively impacted by market uncertainties related to tariffs, affecting investment decisions and sales. The Annual General Meeting approved all agenda items, including the election of Dr. Libo Zhang to the Board of Directors, and announced that no dividend would be paid in 2025 due to strategic realignment and restructuring measures.

More about Gurit Holding AG

Gurit Holding AG, based in Wattwil, Switzerland, specializes in the development and manufacture of advanced composite materials, composite tooling equipment, and core kitting services. Their product range includes structural core materials, structural profiles, prepregs, formulated products such as adhesives and resins, and structural composite engineering. Gurit serves global growth markets including the wind turbine industry, marine, and building sectors, with operations in multiple countries worldwide.

Technical Sentiment Signal: Buy

Current Market Cap: €308.8M

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