Report published August 26, 2026
Gurit (GURN): Proven Strong Performance and Raised 2026 Guidance – Zürcher Kantonalbank
Source and citation context
- Issuer
- Zürcher Kantonalbank
- Report date
- August 26, 2026
- Analysis as of
- August 25, 2026
Authors / editors: Tobias Klöpper (Analyst), Bernd Laux (Analyst), Walter Bamert (Analyst), Andreas von Arx (Analyst), Martin Hüser (Analyst)
Finvaulta summarizes Zürcher Kantonalbank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
ZKB reaffirms its Outperform rating and CHF 46.71 fair value on Gurit following strong 1H26 results and raised FY26 guidance. Management clarified that the CEO departure was voluntary and unlinked to operational performance, while wind sector demand in 2H26 remains robust.
Key Takeaways
- 1.Management turnover is not operational: Former CEO Tobias Lührig left Gurit of his own accord, and internal successor Viktor Bernhardt is positioned to take over seamlessly.
- 2.Guidance for 2026 was raised following the completed restructuring and strong visibility driven by high expected wind sector demand in 2H26.
- 3.Potential tariff impact on Canadian production is limited to mid-single-digit CHF mn topline in the worst-case scenario, and subsea end-market materials are likely exempt.
Table of Contents
- Executive Summary
- Facts / Assessment
- Conclusion
- Equity Research
- Recommendation
- Valuation
- Stock data
- Analyst team
- Disclosures and disclaimer
Report data
Ratios (in CHF) — as of August 25, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Share Price | 29.30 CHF | Gurit closing share price prior to publication |
| Fair Value Target | 46.71 CHF | ZKB valuation target price for Gurit |
| Expected Relative Performance | 44.0% | Expected total return relative to Swiss Performance Index |
| Market Capitalization | 137 CHF million | Gurit total equity market capitalization |
| Free Cash Flow (1H26) | -0.1 CHF million | Gurit interim free cash flow generation |
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Authors / Editors
Reported Data Context
- Share Price: 29.30 CHF (2026-08-25) · Source: ZKB, BB, LSEB
- Fair Value Target: 46.71 CHF (Current valuation) · Source: ZKB
- Expected Relative Performance: 44.0 % (12 months) · Source: ZKB
- Market Capitalization: 137 CHF million (2026-08-26) · Source: ZKB, BB, LSEB
- Free Cash Flow (1H26): -0.1 CHF million (1H26) · Source: Gurit
Securities
Themes
Regions
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