Gurit (GURN) Q3 2025 TU earnings summary

Executive summary

• Net sales for the first nine months of 2025 reached CHF 239.9 million, down 20.3% at constant exchange rates year-over-year.

• Third-quarter sales were impacted by planned business exits and US tariff uncertainties, but annual guidance is reaffirmed.

• Strategic redirection initiated in 2024 continues, with confidence in long-term growth.

Financial highlights

• Total group net sales declined 23.9% in reported CHF compared to the same period in 2024.

• Wind Materials segment sales dropped 26.0% at constant exchange rates, mainly due to business exits.

• Manufacturing Solutions sales fell 6.6% at constant exchange rates, with Q3 results ahead of H1.

• Marine and Industrial sales decreased 9.6% at constant exchange rates, with Q3 below expectations.

Outlook and guidance

• Full-year 2025 guidance is reiterated, with expected net sales around CHF 300 million.

• Adjusted operating profit margin is projected to be in line with 2024 levels.

• Net sales in Manufacturing Solutions are expected to increase further in Q4.