SGL Carbon's Global Growth Strategy Pays Off: A Focus on Worldwide Trends

• SGL Carbon had a solid start to Q1 2024, with group sales slightly down at €272.6 million (-3.9%) but adjusted EBITDA up 5.0% to €42.1 million.
• The Graphite Solutions and Process Technology business units performed well, with slightly higher sales and an increase in adjusted EBITDA.
• The Carbon Fibers business unit was negatively impacted by weak demand, particularly from the wind industry, and increasing price pressure for textile and acrylic fibers.
• The Composite Solutions business unit saw a slight decline in revenue due to the expiry of a contract with an automotive customer, but maintained its profitability.
• Net financial debt remained at the same level as at the end of the previous year, at €117.2 million, and the equity ratio increased slightly to 42.0%.
• SGL Carbon confirmed its sales and earnings outlook for the 2024 financial year, expecting consolidated sales to be at the previous year's level and adjusted EBITDA between €160 million and €170 million.

The next important date, Quarterly report as of March 31, 2024, conference call, at SGL Carbon is on 08.05.2024.

The price of SGL Carbon at the time of the news was 6,9050EUR and did not change compared to the previous day.
15 minutes after the article was published, the price was 6,9000EUR this corresponds to a minus of -0,07 % since publication.
At this time, the index SDAX was at 14.758,46PKT (+1,52 %).

SGL Carbon

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ISIN:DE0007235301WKN:723530

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