SGL Carbon Boosts Sales in the First Half-Year 2019

August 12 2019

Against the backdrop of a slowing global economy, SGL Carbon held up well in the first half of 2019. Sales revenue grew by approximately 6 percent compared to the previous year to reach 562 million euros. Adjusted for a positive one-time effect of around 4 million euros in the prior year, Group recurring EBIT reached nearly 38 million euros, approximately 2 million euros below prior year’s first half. Recurring EBIT in the business unit Composites – Fibers & Materials (CFM) decreased significantly, whereas business unit Graphite Materials & Systems (GMS) substantially increased its recurring EBIT. SGL Carbon therefore confirms its guidance for the fiscal year 2019 and anticipates a mid-single-digit percentage sales increase and a group recurring EBIT on the prior year level.

In the first quarter of 2019, sales revenue of SGL Carbon increased by 6.1 percent to 561.5 (previous year: 529.3) million euros. Consolidated net result of the period amounted to 10.1 million (previous year: 47.3) million euros.

Composites – Fibers & Materials (CFM): Temporarily unfavorable product mix, postponement of project billings and a weak first quarter in the market segment Textile Fibers characterize first half year.
Sales revenue in the business unit CFM at 219.4 million euros remained, as expected, close to the prior year level (currency adjusted: minus 3 percent).

Sales in the market segments Automotive and Textile Fibers remained close to the prior year level. Recurring EBIT in the second quarter improved slightly compared to the weak first quarter, primarily reflecting the improvement in the market segment Textile Fibers. However, recurring EBIT in the first half 2019 reached 2.8 (previous year: 17.3) million euros and was substantially below the prior year level. Accordingly, the EBIT margin in the business unit decreased to 1.3 (previous year: 7.7) percent. Return on capital employed (ROCE) based on recurring EBIT of the reporting unit CFM reached 0.9 (previous year: 5.3) percent.

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