Gurit Holding AG (GURN.SW), a Swiss composite material developing company, Friday said that its net sales fell 26 percent in fiscal 2025, impacted by poor performance across all segments. The company also provided outlook for full-year 2025.
The company reported net sales of 319.6 million Swiss francs in fiscal 2025, down from the 431.7 million francs last year. Annual net sales from total continued operations also fell 9.7 percent to 293.6 million francs from 325.1 million francs a year ago.
Among segments, Wind Materials recorded net sales of 190.1 million francs in fiscal 2025, a 30 percent decline at constant exchange rates compared to the previous year. Manufacturing Solutions reported net sales of 41.4 million francs during the year, down from 45.3 million francs last year.
According to Gurit Holding, Marine and Industrial segment net sales came in at 88.3 million francs, down from 101.2 million francs in fiscal 2024.
Looking ahead, for calendar year 2025, the company expects an adjusted operating profit margin of around 8 percent, which is higher than the 2024 level of 6.9 percent.
On the Swiss Exchange, GURN.SW ended Thursday's trading at 15.06 euros, down 2.6 percent.
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