Switzerland's Gurit Q1 net sales in continued ops jump

Gurit Holding AG

16/04/2026 17:05

Overview

Switzerland advanced composites maker's Q1 net sales rose 25.1% in continued ops at constant FX

Total Q1 reported sales fell 10.9% due to discontinued ops and currency effects

Company cites strong Wind Materials demand and resilient Manufacturing Solutions performance

Outlook

Gurit confirms current 2026 guidance, monitoring market developments closely

Company says Middle East crisis impact limited so far, with no supply chain disruptions

Ramp-up of wind assisted ship propulsion expected to remain slower due to regulatory delays

Result Drivers

WIND MATERIALS DEMAND - Co said strong demand from Western OEMs and higher sales of epoxy and glass pultruded products drove Wind Materials growth

MANUFACTURING SOLUTIONS REBOUND - Segment sales more than doubled from a weak prior-year quarter, with some customer investment decisions firming up despite ongoing delays

MARINE & INDUSTRIAL DIVERSIFICATION - Growth supported by new PET markets and Subsea project deliveries, though marine end-market remained subdued

Company press release: ID:nEQ8Y8lRQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
CHF 75.9 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy"

Wall Street's median 12-month price target for Gurit Holding AG is CHF25.00, about 42.1% below its April 15 closing price of CHF43.20

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 5 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)