EQS-News: SGL Carbon: Improved profitability despite slightly lower sales
EQS-News: SGL CARBON SE
/ Key word(s): 9 Month figures/Quarterly / Interim Statement
SGL Carbon: Improved profitability despite slightly lower sales
Wiesbaden, November 7, 2024. Weak demand in some of our customer markets is increasingly hindering SGL Carbon's sales growth. After nine months in 2024, SGL Carbon generated sales of €781.9 million, which was slightly below the prior-year level at minus 4.8% (9M 2023: €821.7 million). Adjusted for currency and structural effects, Group sales decreased by 3.6%. Adjusted EBITDA, an important key figure for the Group, remained at a comparable level of €127.6 million in the reporting period (9M 2023: €130.0 million). Despite the slight decrease in sales, the adjusted EBITDA margin improved from 15.4% in Q1 and 16.7% in Q2 to 16.9% in Q3 and amounted to 16.3% after nine months (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand and the associated price pressure for carbon and textile fiber products in the Carbon Fibers business unit continued to weigh on the Group's sales and earnings development. “Even with our diversified product portfolio, we can no longer completely withdraw from the generally weak economic environment. In addition, there was a decline in demand for specialty graphite products for the semiconductor industry in the third quarter. In particular, our products for the manufacture of silicon carbide-based semiconductors are suffering from the restrained demand for electric vehicles on the customer side,” explains CEO Dr. Torsten Derr. “While the last 18 months were characterized by enormous demand for silicon carbide semiconductors and insufficient production capacities, the market has cooled down significantly. Due to a lack of demand from the automotive industry, our semiconductor customers have significantly reduced order volumes. We do not expect to see a significant upturn in demand for our specialty graphite products until the sales figures for electric vehicles pick up again.” Based on the adjusted EBITDA of €127.6 million and taking into account depreciation and amortization of €41.0 million (9M 2023: €43.3 million) and one-off effects as well as non-recurring items of minus €18.3 million (9M 2023: minus €47.2 million), EBIT after nine months of 2024 will be €68.3 million (9M 2023: €39.5 million). The one-off effects and non-recurring items result, among other things, from the restructuring measures at Carbon Fibers and the Battery Solutions business line as well as from expenses for a strategy project. When comparing with the previous year, it should be noted that the first nine months of 2023 were disproportionately affected by an impairment loss on the assets of Carbon Fibers (€44.7 million). Key figures for the first nine months of 2024
* EBITDApre (adjusted EBITDA): Earnings before interest, taxes, depreciation and amortization adjusted for one-off effects and non-recurring items.
About SGL Carbon In 2023, SGL Carbon SE generated sales of 1.1 billion euros. The company has approx. 4,800 employees at 29 locations in Europe, North America, and Asia. Further information on SGL Carbon can be found at www.sglcarbon.com/press. Important note:
SGL Carbon SE
07.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | SGL CARBON SE |
Söhnleinstraße 8 | |
65201 Wiesbaden | |
Germany | |
Phone: | +49 (0)611 6029 - 0 |
Fax: | +49 (0)611 6029 - 101 |
E-mail: | investor-relations@sglcarbon.com |
Internet: | www.sglcarbon.com |
ISIN: | DE0007235301, DE000A30VKB5, DE000A351SD3 |
WKN: | 723530 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2024127 |
End of News | EQS News Service |
|
2024127 07.11.2024 CET/CEST
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Die wichtigsten Finanzdaten auf einen Blick | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Umsatzerlöse1 | 1.047,50 | 1.086,70 | 919,40 | 1.007,00 | 1.135,90 | 1.089,10 | 1.090,00 | |
EBITDA1,2 | 127,20 | 120,00 | 92,80 | 140,00 | 187,60 | 116,80 | 130,00 | |
EBITDA-Marge3 | 12,14 | 11,04 | 10,09 | 13,90 | 16,52 | 10,72 | 11,93 | |
EBIT1,4 | 80,90 | -34,30 | -93,70 | 110,40 | 120,90 | 56,60 | 70,00 | |
EBIT-Marge5 | 7,72 | -3,16 | -10,19 | 10,96 | 10,64 | 5,20 | 6,42 | |
Jahresüberschuss1 | 41,70 | -89,50 | -129,40 | 75,90 | 127,40 | 41,70 | 52,00 | |
Netto-Marge6 | 3,98 | -8,24 | -14,07 | 7,54 | 11,22 | 3,83 | 4,77 | |
Cashflow1,7 | 19,00 | 61,90 | 104,00 | 114,40 | 94,40 | 163,80 | 140,00 | |
Ergebnis je Aktie8 | 0,34 | -0,74 | -1,08 | 0,62 | 1,02 | 0,34 | -0,25 | |
Dividende8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: KPMG
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SGL Carbon | ||||||
WKN | ISIN | Rechtsform | Börsenwert | IPO | Einschätzung | Plus Code |
723530 | DE0007235301 | SE | 472,24 Mio € | 07.04.1995 | Kaufen | 9F2C25WV+35 |
KGV 2025e | KGV 10Y-Ø | BGFL-Ratio | Shiller-KGV | KBV | KCV | KUV |
8,04 | 13,25 | 0,61 | -16,43 | 0,73 | 2,88 | 0,43 |
Dividende '2022 in € |
Dividende '2023 in € |
Dividende '2024e in € |
Div.-Rendite '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Hauptversammlung | Q1-Zahlen | Q2-Zahlen | Q3-Zahlen | Bilanz-PK |
21.05.2025 | 08.05.2025 | 07.08.2025 | 07.11.2024 | 20.03.2025 |
Abstand 60-Tage-Linie | Abstand 200-Tage-Linie | Performance YtD | Kursveränderung 52 Wochen | IPO |
-16,65% | -34,52% | -40,71% | -40,11% | -76,49% |
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