Gurit Records Decline in Q1 2025 Net Sales

Gurit Holding AG reported net sales of CHF 85.2 million for Q1 2025, marking a 12.4% decrease from the same period in 2024. This decline is attributed to the phase-out of the carbon fiber pultrusion business and cautious engagement with Chinese Wind customers. Despite these challenges, the company saw higher-than-expected sales in the Wind Materials segment from Western clients in Europe and North America.

The Manufacturing Solutions segment recorded a 21.7% drop in net sales, adversely impacted by Western customers delaying investments due to tariff uncertainties. The Marine and Industrial segment also saw an 8.8% decline, affected by market uncertainties and strategic realignments by key customers.

At the Annual General Meeting, all agenda items were approved, including the election of Dr. Libo Zhang to the Board. Gurit does not plan to distribute dividends in 2025 due to strategic realignments affecting 2024's financial results.