2025 marked a year of restructuring for Gurit, as the company completed its transformation programme and exited selected non-profitable activities. The measures were aimed at strengthening operational foundations and focusing on higher-margin segments. Market conditions remained challenging, shaped by tariff uncertainty and selective customer demand, alongside the planned withdrawal from certain businesses.
Wind Materials recorded net sales of CHF 190.1 million in 2025, a decrease of 29.9% at constant exchange rates compared with 2024, mainly due to the exit from the carbon fibre pultrusion business. Net sales from continued operations totalled CHF 164.1 million, representing a 3.2% decline at constant exchange rates.
Despite the year-on-year reduction linked to structural changes, the segment performed above initial expectations. Demand from Western original equipment manufacturers remained solid, with order intake and deliveries accelerating during the year. The exit from non-profitable segments and targeted restructuring measures improved competitiveness and operational efficiency.
Manufacturing Solutions reported net sales of CHF 41.4 million in 2025, a decline of 2.2% at constant exchange rates compared with 2024.
The business experienced a slower start to the year, as Western customers delayed investment decisions amid tariff-related uncertainty and wider market volatility. This affected commitments to blade line installations and relocations in the first half. Performance improved in the second half as visibility increased and customers confirmed investment plans.
The Indian market showed stronger momentum throughout the year, partly offsetting weaker demand in Western markets and providing regional growth opportunities.
Financial performance and outlook
The adjusted operating result margin improved to 8.1% in 2025, up from 6.9% in 2024. Including restructuring costs and impairments, the operating result margin was minus 13.5%. The operating result was affected by losses on business divestments and restructuring, including CHF 64.2 million related to a non-cash goodwill charge from the discontinued carbon fibre pultrusion business.
The result for the year was a loss of CHF 60.4 million, compared with a loss of CHF 27.8 million in 2024.
For 2026, Gurit expects net sales from continued operations to increase at a mid-single-digit rate at constant exchange rates, with a further improvement in adjusted operating result margin compared with 2025. The company continues to monitor geopolitical developments, currency movements and market conditions.
Beyond 2026, Gurit expects mid-to-high single-digit growth in Wind and high single-digit growth in non-Wind activities and maintains its target of a 10% operating result margin.
