Sales in SGL’s Composites – Fibers & Materials Business Improved

March 19 2018

Sales in the business unit Composites – Fibers & Materials (CFM) rose by 5% to 331.9 million Euros in fiscal year 2017 (2016: 317.4 million euros). The increase in sales revenue was mainly driven by the industrial applications market segment, followed by the automotive and textile fibers market segments. EBIT before non-recurring items also increased slightly to reach 22.7 million euros (2016: 20.1 million euros). This was due, in particular, to better capacity utilization in the carbon fiber plant in Muir of Ord (Scotland) on the back of stronger demand in the market segment industrial applications, operational improvements at Benteler-SGL, and better earnings in the aerospace segment. The EBIT margin was 6.8% (2016: 6.3%).

Sales in the business unit CFM is expected to rise by approximately 25% as a result of the acquisitions. Adjusted for currency and structural changes, this corresponds to growth in the mid-to-high single-digit range. Sales with the automotive industry should more than double, primarily due to the full consolidation of the former joint ventures with Benteler (Benteler-SGL) and BMW (SGL ACF). However, sales from the wind energy industry should decrease by about one quarter, owing to the deconsolidation of the former joint venture with Kumpers. EBIT in this business unit is expected to improve noticeably due to the additional contribution to earnings resulting from the full consolidation of the former joint venture SGL ACF and increasing volume demand. These will be partially offset by negative currency effects and higher development costs.

For identifying growth opportunities in the South African Carbon Fiber, Carbon Fiber Prepreg and Fabric Market: Trends, Forecast and Competitive Analysis, please visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [52]
Chemical [263]
Composites & Advanced Materials [167]
Construction & Industrial [72]
Consumer and Retail [142]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [164]
Transportation [141]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on