Gurit reports net sales of CHF 97.2 million in the first quarter of 2024 and confirms back-end loaded 2024; Annual General Meeting approves all agenda items - Seite 2

Marine and Industrial reports net sales of CHF 23.9 million for the first quarter of 2024. This is a decline of -3.8% at constant exchange rates compared to 2023. We see a temporary softening in some US marine market segments as customers are depleting boat inventories. Our activities to increase the use of recycled PET foam in diversified industrial applications are progressing. The integration of FX Composites is moving as planned.

NET SALES

Q1 2024

in mCHF

2024

2023

Change in reported CHF

Change @ constant 2023 rates

Wind Materials

65.6

78.7

-16.6%

-10.6%

Man. Solutions

7.7

12.6

-38.5%

-31.7%

Marine and Industrial

23.9

26.2

-8.8%

-3.8%