Brief: SGL Carbon Net Result Guidance 2020 Reduced To Minus EUR 130-150 Mln

SGL Carbon SE

30/10/2020 12:13

Oct 30 (Reuters) - SGL CARBON SE  SGCG.DE :
    * AN IMPAIRMENT CHARGE HAS BECOME NECESSARY BASED ON THE
CURRENT
STATUS OF THE NEW 5 YEAR PLAN. BOARD OF MANAGEMENT RESOLVES
RESTRUCTURING PROGRAM
    * IMPAIRMENT LOSS AMOUNTING TO EUR 80-100 MILLION IN Q4 2020
IN
BUSINESS UNIT CFM
    * RESTRUCTURING PROGRAM RESOLVED WITH SAVINGS TARGET OF MORE
THAN
EUR 100 MILLION UNTIL 2023
    * GUIDANCE 2020 FOR GROUP SALES AND OPERATING RECURRING
GROUP EBIT
CONFIRMED
    * GUIDANCE 2020 FOR NET RESULT REDUCED TO MINUS EUR 130-150
MILLION

Source text for Eikon:  ID:nEQ21LdSza 
Further company coverage:  SGCG.DE 

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