Gurit Announces 2024 Financial Results

Gurit Holding AG reported net sales of CHF 431.7 million for 2024, marking a decrease of 2.9% at constant exchange rates. Despite a challenging year, the company achieved an adjusted operating profit margin of 6.9%, up from 4.5% in 2023. Including restructuring charges, the operating profit margin stood at -1.7%.

The Wind Materials sector saw sales of CHF 285.6 million, a decline attributed to market volatility. The Manufacturing Solutions segment faced an 8.7% decrease in turnover, though expansion efforts in India showed promise.

Marine and Industrial sales rose by 1.6%, supported by demand for sustainable materials. Gurit aims for sustainable growth by focusing on marine and industrial markets, with post-2025 growth expectations in non-wind sectors.