Gurit H1 2023 Results

H1 2023 - Highlights Gurit Sales in CHFM 244.6 +17.6% 1) vs. H1 2022 Adj. operating profit margin 5.6% 2.0% in H1 2022 1) Sales of total continued operations @ constant FX Free cash flow in CHFM 6.5 -19.3m in H1 2022 Net debt in CHFM 78.0 104.2m in June 2022 Sales in line with expectations. Western Wind business with cautious signs of recovery, and solid Chinese wind business. Marine and other industrial markets continue growth trajectory. Improved adjusted operating profit margin, driven by product mix in Manufacturing Solutions, better operational performance in new sites and cost saving measures implemented. Recently acquired Structural Profile business still loss making. Free cash flow improved CHF 25.8m compared to first half of last year, driven by higher operating profit and stringent NWC management. Significantly de-leveraged balance sheet Gurit H1 2023 Results | 16/08/2023 | 4

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