Gurit Reports Nine-Month Net Sales of CHF 315.1 Million Amid Strategic Changes

Gurit Holding AG has announced its net sales for the first nine months of 2024 at CHF 315.1 million, marking a decline of 7.3% at constant exchange rates compared to the previous year. As wind markets remain below expectations, Gurit aims to optimize operations and enhance its strategic positioning. CEO Mitja Schulz is departing, with Javier Perez Freije stepping in as interim CEO.

The third quarter saw decreased demand in the Wind Business Units, though the company continues to align with its guidance. Gurit has firmed its ties with a major strategic OEM and recognized growth potential in its marine and industrial sectors.

Wind materials sales fell to CHF 210.7 million due to reduced blade volumes and prices. The company has secured a market share agreement for 2025, leveraging new Opticore technology. Manufacturing solutions recorded a significant sales drop but expect stronger orders in Q4. Gurit is advancing strategic actions to enhance competitiveness and profitability.