SGL Group’s Reports 14 Percent Increase in Sales Year-On-Year

November 13 2017

In the third quarter, SGL Group continued its good performance achieved so far in fiscal year 2017. In the nine months to the end of September, sales from continuing operations increased to 642.1 (prior year period: 562.1) million euros, up by 14 percent year-on-year. The market segments energy, digitization, industrial applications, mobility and textile fibers were the main growth drivers. Business unit Graphite Materials & Systems (GMS) posted double-digit growth. The business unit Composites – Fibers & Materials (CFM) achieved substantial growth as well. Due to the good performance of GMS as well as savings in the reporting segment Corporate, recurring EBIT rose significantly more than proportional in relation to sales to reach 33,0 (prior year period: 12.8) million euros. The return on capital employed (ROCE) based on recurring EBITDA amounted to 10.7 (prior year period: 7.8) percent. As a result, SGL Group slightly increases its guidance for 2017 and expects sales growth of approximately 10 percent with a more than proportional improvement in EBIT.

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