Gurit Reports Net Sales of CHF 431.7 Million for 2024 with Strategic Realignment

Gurit Holding AG announced preliminary net sales of CHF 431.7 million for 2024, marking a 2.9% decline at constant exchange rates compared to 2023. The wind materials segment, experiencing challenges, recorded a 3.4% decrease. Meanwhile, the marine and industrial sectors saw growth, registering net sales of CHF 101.2 million, up by 1.6% at constant rates.

The company's strategic realignment has focused on bolstering its position in the wind industry, aided by new proprietary technology. Manufacturing Solutions faced a challenging year, with an 8.7% sales decline, though improvements in late-year orders foster optimism for 2025.

For the full year 2024, Gurit anticipates an operating profit margin between 6.0% and 7.0%. Recent restructuring initiatives include the closure of a plant in Italy and divesting another site, aligning with Gurit's sustainability efforts and profitability goals.