Gurit has kicked off 2026 with a solid performance, reporting unaudited net sales of CHF 75.9 million for the first quarter.
On a constant currency basis, net sales from continued operations surged 25.1% year-on-year, underscoring strong underlying momentum. However, including discontinued operations, reported sales in Swiss francs fell 10.9% compared to the same period last year.
The Swiss industrial manufacturing powerhouse said the quarter marked “a solid start to the year,” driven by strong demand in Wind, improving order intake, and continued benefits from structural changes implemented in 2025 aimed at strengthening resilience and supporting multi-market growth.
The Wind Materials division remained the standout performer, posting CHF 40.5 million in sales—up 17.4% at constant exchange rates versus Q1 2025.
Gurit said results exceeded expectations, fuelled by sustained demand from Western OEMs, higher sales of epoxy formulations, and growth in glass pultruded products. The outlook remains positive as wind market expansion continues to support demand.
Manufacturing Solutions delivered CHF 12.6 million in sales, a sharp 129.3% increase at constant exchange rates compared to a weak prior-year quarter.
While some Western customers continued to delay investment decisions, others have moved ahead, supporting performance. The company noted slower-than-expected ramp-up in non-wind applications, particularly wind-assisted ship propulsion (WASP), following a further one-year delay in international maritime regulation.
Despite this, Gurit expects the segment to deliver profitable growth in 2026.
Marine and Industrial reported CHF 21.9 million in sales, up 9.1% at constant exchange rates, reflecting improved diversification and momentum in new PET applications.
The division also began deliveries under a previously announced Subsea contract, with full ramp-up expected in the second half. However, Gurit struck a cautious tone for the near term, citing geopolitical uncertainty and continued softness in the boating market.
The company said the ongoing Middle East crisis has so far had only limited impact, with no supply chain disruptions and manageable demand effects. Gurit confirmed its current guidance, but warned it would reassess if conditions worsen or escalate into prolonged conflict.
“The Board of Directors will revisit the reinstatement of a dividend when conditions allow,” the company said, reiterating its focus on disciplined execution and long-term value creation.
