Brief: SGL Carbon H1 Group At Almost EUR 457 Million

SGL Carbon SE

13/08/2020 06:40

Aug 13 (Reuters) - SGL CARBON SE  SGCG.DE :
    * AS EXPECTED, SGL CARBON'S Q2 IMPACTED BY CORONA PANDEMIC
    * SALES AND RECURRING EBIT SIGNIFICANTLY DECREASED IN FIRST
HALF
OF 2020
    * GROUP SALES IN FIRST HALF YEAR 2020 AT ALMOST 457 MILLION
EUROS
    * GROUP RECURRING EBIT DOWN APPROXIMATELY 71 PERCENT TO 11
MILLION
EUROS
    * CORONA PANDEMIC IS FORCING US TO ACT EVEN FASTER
    * BOARD OF MANAGEMENT OF SGL CARBON SE DECIDED TO SUSPEND
GUIDANCE
FOR FISCAL YEAR 2020 AS PUBLISHED IN ANNUAL REPORT 2019
    * OUTLOOK FOR SECOND HALF OF YEAR IS BECOMING MORE AND MORE
CONSISTENT
    * SECOND PANDEMIC WAVE AND AN ASSOCIATED FURTHER DECLINE IN
DEMAND
DUE TO A RECESSION IS NOT TAKEN INTO ACCOUNT IN CURRENT FORECAST
FOR FULL YEAR

Source text - https://bit.ly/33R0gtP
Further company coverage:  SGCG.DE 

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