Report published August 26, 2026
Gurit (GURN): 1H26 Results Beat Expectations, Guidance Raised — Zürcher Kantonalbank Report
Source and citation context
- Issuer
- Zürcher Kantonalbank
- Report date
- August 26, 2026
- Analysis as of
- Not stated in source
Authors / editors: Tobias Klöpper
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.
Gurit reported strong 1H26 results, with adjusted EBIT of CHF 16.9 mn beating consensus by 40.8% and prompting an increase in full-year 2026 guidance. Zürcher Kantonalbank reiterates its Outperform rating with a DCF fair value of CHF 42.7.
Key Takeaways
- 1.Gurit delivered 1H26 adjusted EBIT of CHF 16.9 mn (11.0% margin), beating consensus by 40.8%, driven by profitable growth, portfolio optimisation, and restructuring savings.
- 2.Full-year 2026 guidance was upgraded to 9–11% local-currency revenue growth and an adjusted EBIT margin of ~10% (up from mid-single-digit growth and previous margin levels).
- 3.Viktor Bernhardt was appointed permanent CEO following his interim tenure, and ZKB maintains an Outperform rating with a DCF fair value of CHF 42.7 per share.
Table of Contents
- Outlook
- Conclusion
- Disclosures and Disclaimer
- Recording of remote business communications
- Financial analysts' statement
- Disclosure of conflict of interests
- Disclosure of further conflicts of interest
- List of all ratings of the last 12 months
- Recommendation distribution of the companies in the Swiss research universe
- Recommendations made in the last twelve months
- Fact check
- Explanation of the rating system
- Methodology
- Updates
- Citation of sources
- Competent supervisory authority
- Miscellaneous legal information
- Publications on request
- Use abroad
- Additional information for UK clients
- Additional information for U.S. Persons
- Additional information for persons in the Abu Dhabi Global Market, United Arab Emirates
Report data
1H26 Financial Results vs Expectations
| Metric | Estimate | Context |
|---|---|---|
| 1H26 Revenue | 153.9 CHF mn | Total revenue reported for 1H26, beating consensus of CHF 152.7 mn. |
| 1H26 Adjusted EBIT | 16.9 CHF mn | Adjusted EBIT came in 40.8% above consensus of CHF 12.0 mn. |
| 1H26 Adjusted EBIT Margin | 11.0% | Adjusted EBIT margin of 11.0% vs 5.7% in 1H25. |
| DCF Fair Value | 42.7 CHF | DCF fair value calculated using WACC of 9.3%, terminal growth of 2%, and EBITA margin of 8%. |
| Current Share Price | 29.3 CHF | Closing share price of Gurit prior to the report. |
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Authors / Editors
Reported Data Context
- 1H26 Revenue: 153.9 CHF mn (1H26) · Source: Zürcher Kantonalbank
- 1H26 Adjusted EBIT: 16.9 CHF mn (1H26) · Source: Zürcher Kantonalbank
- 1H26 Adjusted EBIT Margin: 11.0 % (1H26) · Source: Zürcher Kantonalbank
- DCF Fair Value: 42.7 CHF (Current) · Source: Zürcher Kantonalbank
- Current Share Price: 29.3 CHF (2026-08-26) · Source: Zürcher Kantonalbank
Securities
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