Peer Gurit has indeed fallen 86% this year. EV/revenue is now 0.31, which is relatively in the same league as Exel.
Overcapacity in China..
Gurit (GURN.SW) plans to restructure its wind segment in a bid to ensure its long-term competitiveness, according to a Wednesday release.
The Swiss composite materials company intends to “right-size” its business, decrease indirect expenses across the company, and focus on accelerating growth in several industrial segments.