What's Happening?
Gurit Holding AG, a Swiss company specializing in advanced composite materials, announced net sales of CHF 239.9 million for the first nine months of 2025. This marks a 23.9% decrease compared to the same period in 2024. The decline is attributed to the company's
strategic exit from the carbon fiber pultrusion business and a more selective customer approach. Despite the overall decrease, sales in the third quarter exceeded expectations due to strong performance in core materials and glass pultruded products. The company is focusing on strengthening relationships with key customers in the wind industry and finalizing long-term agreements to ensure stable growth.
Why It's Important?
The sales figures reflect Gurit's strategic shift and its impact on the company's financial performance. The decision to exit certain business areas and focus on core competencies is aimed at long-term sustainability. This move is significant for stakeholders in the wind energy sector, as Gurit is a key supplier of materials used in wind turbines. The company's ability to adapt to market demands and secure long-term contracts is crucial for maintaining its competitive edge. The stabilization of U.S. tariffs also provides a more favorable business environment, potentially benefiting Gurit's operations in the U.S. market.
What's Next?
Gurit plans to continue advancing its multi-market strategy, focusing on both wind and non-wind businesses. The company expects net sales to reach around CHF 300 million by the end of 2025, with an operating profit margin similar to 2024 levels. Gurit will report its preliminary and unaudited 2025 net sales results on January 23, 2026. The company's ongoing efforts to secure long-term agreements and expand into new regions are expected to drive future growth.
