Brief: SGL Carbon FY Sales Up 9.5% Driven By Almost All Business Units

SGL Carbon SE

24/03/2022 06:37

March 24 (Reuters) - SGL CARBON SE  SGCG.DE :
    * FY SALES INCREASE OF 9.5% TO EUR 1,007.0 MILLION DRIVEN BY
ALMOST ALL BUSINESS UNITS
    * FY EBITDAPRE IMPROVES BY 50.9% TO EUR 140.0 MILLION,
REACHING
UPPER END OF 2021 GUIDANCE RAISED IN JULY
    * START OF BUSINESS IN 2022 OVERSHADOWED BY UNCERTAINTY
RESULTING
FROM WAR IN UKRAINE
    * FY REPORTED EBIT AMOUNTED TO EUR 110.4 MILLION (2020:
MINUS EUR
93.7 MILLION)
    * IMPACT ON SALES AND EARNINGS OF EXPIRY OF A SUPPLY
CONTRACT WITH
A MAJOR AUTOMOTIVE CUSTOMER IN MID-2022 IS ALSO INCLUDED IN OUR
FORECAST FOR 2022
    * EXPECTS GROUP SALES FOR 2022 FINANCIAL YEAR TO BE AT
PREVIOUS
YEAR'S LEVEL AND EBITDAPRE TO BE BETWEEN EUR 110 MILLION AND EUR
130 MILLION
    * OUR 2022 FORECAST IMPLIES THAT WE WILL BE ABLE TO PASS ON
AT
LEAST SOME OF FACTOR COST INCREASES TO CUSTOMERS

Further company coverage:  SGCG.DE 

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