SGL Carbon SE
XBER:SGL
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SGL Carbon SE
XBER:SGL
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Hanjaya Mandala Sampoerna Tbk PT
SWB:HSZ
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Pernod Ricard SA
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Masimo Corp
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Atrium Ljungberg AB
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SGL Carbon SE
SGL Carbon SE makes carbon-based materials and parts that are used in demanding industrial settings. Its core products include graphite electrodes for steelmaking, specialty graphite components for high-temperature manufacturing, and carbon fiber materials used in lightweight composites. The company mainly sells to industrial customers in metals, chemicals, semiconductors, battery-related applications, and aerospace and automotive supply chains. The company earns money by selling these materials and engineered components to manufacturers that need products that can handle heat, corrosion, electrical conductivity, or low weight. Some of its business is tied to large recurring industrial replacement cycles, such as graphite electrodes used in electric steel production, while other parts come from custom-made materials and components for specific production lines or technical applications. What makes SGL Carbon different is that it sits in the middle of the industrial value chain as a specialist materials supplier, not a finished-goods brand. Its products are often hidden inside other companies’ processes and products, so demand depends on factory output and technical requirements rather than consumer spending. That gives the business a niche role built around material science, manufacturing know-how, and long-standing customer relationships.
SGL Carbon SE makes carbon-based materials and parts that are used in demanding industrial settings. Its core products include graphite electrodes for steelmaking, specialty graphite components for high-temperature manufacturing, and carbon fiber materials used in lightweight composites. The company mainly sells to industrial customers in metals, chemicals, semiconductors, battery-related applications, and aerospace and automotive supply chains.
The company earns money by selling these materials and engineered components to manufacturers that need products that can handle heat, corrosion, electrical conductivity, or low weight. Some of its business is tied to large recurring industrial replacement cycles, such as graphite electrodes used in electric steel production, while other parts come from custom-made materials and components for specific production lines or technical applications.
What makes SGL Carbon different is that it sits in the middle of the industrial value chain as a specialist materials supplier, not a finished-goods brand. Its products are often hidden inside other companies’ processes and products, so demand depends on factory output and technical requirements rather than consumer spending. That gives the business a niche role built around material science, manufacturing know-how, and long-standing customer relationships.
Profitability Up: SGL Carbon increased EBITDA by 5% compared to last year, despite slightly lower sales due to prior divestments.
Semiconductor Strength: Strong growth in the semiconductor segment, especially silicon carbide, drove profitability and now represents over 50% of the Graphite Solutions business.
Carbon Fibers Weakness: Carbon Fibers suffered a nearly 10% drop in sales and posted significant losses; management is exploring all strategic options for this unit.
Guidance Confirmed: The company confirmed its 2024 outlook: sales flat year-on-year and EBITDA expected between EUR 160 million and EUR 170 million.
CapEx Focused on Growth: SGL invested EUR 24 million in Q1, mainly in expanding silicon carbide capacity, with a full-year CapEx guidance of EUR 150 million, largely backloaded.
Battery Materials Struggles: The battery materials business is under pressure due to weak demand from Western EV battery makers and increased Chinese competition.
Free Cash Flow Remains Positive: Free cash flow stayed positive at around EUR 6 million despite heavy investments, though lower than last year.
