Gurit Holding AG
GURN
ISIN CH1173567111 / Valor 117356711
Gurit Holding AG
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About company
Gurit Holding AG is a globally recognized supplier of advanced composite materials, catering to a wide range of industries with a strong focus on the marine and wind energy sectors. The company's product portfolio includes industry-leading prepregs, structural core materials, adhesives, coatings, and comprehensive laminating and infusion systems. Gurit has carved a niche for itself by offering specialized kitting services and manufacturing solutions, particularly for the wind industry, underscoring its commitment to innovation and quality. A notable product, Gurit® Corecell™ M, exemplifies the company's dedication to providing versatile solutions that meet the demanding requirements of marine applications, offering benefits such as high shear strength, low density, and resistance to high temperatures. Through its extensive range of products and services, Gurit Holding AG plays a pivotal role in advancing the use of composite materials across various industries, driving forward technological developments and applications.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (05.05.2026):
Gurit Holding AG — full-year 2025 (reporting period: year ended 31 December 2025, incl. Q4 2025) — delivered a year of transformation: net sales fell to CHF 319.6m (‑26% reported; ‑22% at constant FX) while the adjusted operating result margin improved to 8.1% (2024: 6.9%). The company completed a wide restructuring program, reduced net debt to CHF 55.0m, generated CHF 19.9m of operating cash flow and reported a consolidated loss for the year of CHF ‑60.4m (EPS CHF ‑12.90) after impairment and divestment-related charges.
Top-line and sales
Net sales: CHF 319.6m in 2025 (‑26.0% vs 2024 reported; ‑22% at constant exchange rates). Continued operations contributed CHF 293.6m (vs CHF 325.1m in 2024); discontinued business CHF 26.0m.
Profitability and margins
Adjusted operating result: CHF 26.0m (adjusted operating margin 8.1% vs 6.9% in 2024). Reported operating result: CHF ‑43.2m (operating margin ‑13.5%) after restructuring, impairments and losses on divestments.
Significant non‑cash and restructuring items
Losses on business divestments and impairments included a CHF 64.2m non‑cash goodwill recycling charge related to the discontinued carbon fiber pultrusion business; total restructuring expenses were CHF 4.3m.
EBITDA and earnings
EBITDA: CHF 33.6m (EBITDA margin 10.5%, vs 5.8% in 2024). Result for the year: CHF ‑60.4m; earnings per share: CHF ‑12.90 (2024: CHF ‑5.97).
Cash flow, capex and balance sheet
Net cash flow from operating activities: CHF 19.9m (2024: CHF 13.5m). Free cash flow: CHF 12.3m (2024: CHF 4.4m). Capital expenditure: CHF 8.7m (down from CHF 10.5m). Net debt reduced to CHF 55.0m (Dec 31, 2024: CHF 62.7m); equity ratio ~22.3%.
Restructuring, footprint and commercial wins
Restructuring program completed: site closures/consolidations (Izmir, Volpiano, Chennai divestment, Middelfart pultrusion exit, etc.), SG&A reductions and operational efficiency measures. Signed a first major long‑term supply agreement with a Western OEM (OptiCore technology through 2030) and secured multi‑year Corecell contract for subsea.
Corporate & governance changes
Leadership changes in 2025: Tobias Lührig appointed CEO effective 1 July 2025; Viktor Bernhardt joined as CFO on 1 December 2025. Board will propose no dividend for 2025.
Market context and outlook
Management cites improving wind market dynamics (stronger Western OEM demand) and expects 2026 net sales from continued operations to increase mid‑single‑digit at constant FX, with an improving adjusted operating margin versus 2025. Targets reaffirmed include a 10% operating result margin longer‑term.
Liquidity and financing
In February 2025 Gurit replaced bilateral lines with a new 3‑year multilateral credit agreement to improve financial flexibility; the Board emphasizes deleveraging and preserving financial headroom before reinstating dividends.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
226 M
Market cap (USD)
27,574
Daily traded volume (Shares)
15.58 / 13.8
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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