SGL Carbon SE
XETRA:SGL

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SGL Carbon SE Logo
SGL Carbon SE
XETRA:SGL
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Price: 2.895 EUR -1.86% Market Closed
Market Cap: 354.2m EUR

SGL Carbon SE
Investor Relations

SGL Carbon SE operates as a holding company, which engages in the manufacture of carbon and graphite products. The company is headquartered in Wiesbaden, Hessen and currently employs 4,680 full-time employees. The company operates through three segments: Composites-Fibers & Materials (CFM), Graphite Materials & Systems (GMS) and Corporate. The firm serves industries, including chemicals, textile fibers, industrial applications, energy and mobility. The CFM segment includes materials business based on carbon fibers. The CFM segment focuses on developing composite materials and associated components mainly for automotive, wind energy and aerospace industries. The GMS segment offers a range of customized graphite-based products. The GMS segment focuses on products made of synthetic graphite and expanded graphites for industrial applications, machine components and products for semiconductor industry, composites and process technology. The Corporate segment includes research activities. The firm has over 30 production sites in Europe, Asia and North America.

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Last Earnings Call
Fiscal Period
Q1 2024
Call Date
May 8, 2024
AI Summary
Q1 2024

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.

Key Financials
Sales
Slightly below previous year
EBITDA pre exceptions
EUR 42.1 million
EBITDA Margin
15.4%
Graphite Solutions EBITDA Margin
25.9%
Process Tech Sales
EUR 33 million
Process Tech EBITDA Margin
21%
Carbon Fiber Sales
EUR 57.6 million
Composite Solutions Sales
EUR 37.1 million
Composite Solutions EBITDA Margin
14.8%
Net Result
EUR 12.6 million
Free Cash Flow
EUR 6 million
Net Financial Debt
Leverage ratio 0.7
Equity Ratio
42%
ROCE
11.4%
CapEx
EUR 24 million in Q1
Customer Down Payments (Q1)
EUR 8 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. Torsten Derr
Chairman of the Management Board & CEO
No Bio Available
Mr. Thomas Dippold
CFO & Member of Management Board
No Bio Available
Mr. Jürgen Reck
Senior Manager of Investor Relations
No Bio Available
Ms. Claudia Kellert
Head of Capital Markets & Communications
No Bio Available

Contacts

Address
HESSEN
Wiesbaden
Soehnleinstrasse 8
Contacts
+4961160290.0
www.sglcarbon.com