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SGL Carbon SE Boosts Sales and Earnings Guidance Again for the Current Fiscal Year 2022 September 12 2022

2022 Lucintel Composites Market Insights, September 12, 2022

Due to the continued good business development, especially in the Carbon Fibers Business Unit, SGL Carbon SE is increasing its Group sales and earnings guidance for the current fiscal year and now expects Group sales of approximately EUR 1.2 billion (previously: approximately EUR 1.1 billion). The company expects to achieve adjusted EBITDA (EBITDA pre = earnings before interest, taxes, depreciation and amortization before one-off effects and non-recurring items) of EUR 170 - EUR 190 million (previously: EUR 130 - EUR 150 million) in 2022.
Based on lower prices for acrylonitrile as main raw material of the Business Unit Carbon Fibers as well as higher than expected customer demand for acrylic and carbon fibers combined with consistently good production capacity utilization and capability, the management of SGL Carbon SE assumes an improved earnings development of this Business Unit.
SGL Carbon assumes that the factors mentioned will continue at least until the end of the year and that the earnings situation of the Business Unit Carbon Fibers will exceed previous expectations. Combined with the continued good business development of the other three Business Units (Graphite Solutions, Process Technology and Composite Solutions), an improvement in the sales and earnings situation at Group level is expected.
In line with the forecast increase for adjusted EBITDA (EBITDA pre) to between EUR 170 and EUR 190 million (previously: EUR 130 – EUR 150 million), the company is forecasting adjusted EBIT (earnings before interest and taxes and before one-off effects and non-recurring items) of between EUR 110 and EUR 130 million (previously: EUR 70 - EUR 90 million). The forecast for return on capital employed (ROCE) of originally 7% - 9% has been raised to 10% to 12% corresponding to the development of earnings. The expectations for free cash flow (significantly below previous year's level of EUR 111.5 million) remain unaffected by the expected improvement in sales and earnings.

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