27% sales increase for Gurit

Gurit had net sales of CHF 117.4 million in Q1 2023, an increase of 26.6% at constant exchange rates compared to Q1 2022.

The company’s Composite Materials division net sales of CHF 79.5 million for the same period, an increase of 36.2%, while Kitting recorded net sales of CHF 33.7 million, an increase of 2.7%.

“After a slow beginning of the year, Gurit sees a stable upwards trend during the first three months of 2023,” a press release said. “We expect ongoing growth in the Marine and Industrial markets, further growth in the Chinese wind market and reduced demand for rotor blades from Western wind customers in 2023.”