Gurit Holding AG
SIX:GURN
Gurit Holding AG
Gurit Holding AG engages in the development and manufacturing of composite materials, related technologies, and selected finished parts and components. The company is headquartered in Wattwil, St. Gallen and currently employs 2,450 full-time employees. The firm operates through the sole business segment Composites. The firm's product portfolio comprises fiber reinforced glass and carbon prepregs, structural core products, gel coats, adhesives, resins and consumables as well as composite process equipment and car body panels. The firm focuses on four core markets: Wind Energy, for which the Company develops and manufactures advanced composites; Tooling, for which the Company manufactures moulds; Transportation, for which the Company produces aircraft interiors and spacecraft materials, and Marine, for which it manufactures and supplies composite materials to the boatbuilding market. The company also supplies its products to the Architectural market and supplies the Ocean Energy sector, as well as provides engineering consultancy services.
Gurit Holding AG engages in the development and manufacturing of composite materials, related technologies, and selected finished parts and components. The company is headquartered in Wattwil, St. Gallen and currently employs 2,450 full-time employees. The firm operates through the sole business segment Composites. The firm's product portfolio comprises fiber reinforced glass and carbon prepregs, structural core products, gel coats, adhesives, resins and consumables as well as composite process equipment and car body panels. The firm focuses on four core markets: Wind Energy, for which the Company develops and manufactures advanced composites; Tooling, for which the Company manufactures moulds; Transportation, for which the Company produces aircraft interiors and spacecraft materials, and Marine, for which it manufactures and supplies composite materials to the boatbuilding market. The company also supplies its products to the Architectural market and supplies the Ocean Energy sector, as well as provides engineering consultancy services.
Revenue Drop: Gurit’s first-half 2025 revenue declined by 20.1% to CHF 164.7 million, mainly due to exiting the carbon fiber pultrusion business and delayed orders.
Profitability Holds Up: Despite lower sales, operating profit reached CHF 9.3 million (5.7% margin), slightly above last year’s margin, helped by restructuring and cost controls.
Restructuring Costs: One-off restructuring expenses totaled CHF 40 million, including CHF 64.2 million from goodwill recycling linked to the Fiberline business closure.
Segment Performance: Wind Materials sales fell 22.9% to CHF 105 million; Manufacturing Solutions dropped 24.5% to CHF 15.2 million; Marine and Industrial declined 10.5% to CHF 44.6 million.
Guidance Maintained: Gurit confirmed full-year guidance, expecting about CHF 300 million in sales and an operating profit margin of around 7%.
Cash Flow and Debt: Free cash flow was negative CHF 13.2 million; net debt rose to CHF 79.3 million. H2 cash flow is expected to improve.
Market & Strategy: Management sees mid-single-digit long-term growth in wind and high single-digit in non-wind segments, focusing on high-value contracts and innovation.
