Gurit, the Swiss specialist in composite materials, reported first-half results that exceeded expectations and prompted a sharp rise in its share price on Wednesday.
The company’s shares jumped 19.5% in early trading to CHF 35.00, extending a year-to-date gain of more than 202%. The advance follows a stronger-than-anticipated profit performance in the first six months, which analysts said validated the company’s restructuring efforts and improved visibility on wind turbine maintenance demand.
Gurit raised its full-year outlook, citing robust order intake and operational efficiency gains. The company now targets a 2026 net profit of 200% above current levels, a figure highlighted by analysts as a key inflection point for investor sentiment.
Credit Suisse analyst coverage emphasized the strength of the results, noting that the upgraded guidance should alleviate concerns over operational challenges following the unexpected departure of former CEO Tobias Lührig. The bank also sees Gurit well positioned to capitalize on sustained demand from wind turbine manufacturers, a key end-market for its repair kits and composite solutions.
Octavian upgraded its revenue and EBIT forecasts, citing the company’s markedly improved profitability. UBS maintained a positive stance, estimating potential upside in the low-to-mid teens for consensus earnings estimates.
The company also moved to finalize its leadership transition, appointing Viktor Bernhardt as permanent CEO. Bernhardt, previously interim chief executive and CFO, succeeds Lührig and will oversee the next phase of Gurit’s growth strategy.
