Gurit has reported a year-on-year decline in first quarter net sales, driven by the exit from its carbon fibre pultrusion business and a continued selective approach to wind sector customers in China. Stronger-than-expected wind materials demand from Western markets in Europe and North America partly offset these impacts.
Net sales reached CHF 85.2 million in the first quarter of 2025, representing a decline of 12.9% at constant exchange rates or 12.4% in reported Swiss francs compared to the same period in 2024.
Wind Materials generated CHF 57.2 million in net sales, down 13.2% year-on-year at constant exchange rates. The decline reflects the discontinued carbon fibre pultrusion business, though onshore market activity in Europe and North America remained solid.
Manufacturing Solutions reported CHF 6.1 million in net sales, a decrease of 21.7% at constant exchange rates. Sales were affected by delayed investment decisions among Western customers amid ongoing uncertainty around global tariffs. In contrast, the Indian market showed stronger-than-expected activity.
Gurit has reiterated its expectation for an adjusted operating profit margin in 2025 similar to 2024. However, discontinued operations are expected to weigh on first-half performance. Due to global tariff tensions, full-year sales guidance has not been issued.
