Brief: SGL Carbon Preliminary H1 EBITDA Up At EUR 72 Mln; Raises FY Outlook

SGL Carbon SE

13/07/2021 12:10

July 13 (Reuters) - SGL Carbon SE  SGCG.DE :
    * DGAP-ADHOC: SGL CARBON SE: SGL CARBON SE PUBLISHES
PRELIMINARY
SALES AND EARNINGS FIGURES FOR THE FIRST HALF OF THE YEAR AND
RAISES FORECAST FOR 2021
    * SGL CARBON SE - COMPANY EXPECTS TO EXCEED UPPER END OF
STATED
RANGE OF ITS GROUP EBITDA PRE^1 GUIDANCE (EARNINGS BEFORE
INTEREST, TAXES AND DEPRECIATION ADJUSTED BY NON-RECURRING ITEMS
AND ONE-TIME EFFECTS) FOR FISCAL YEAR 2021
    * SGL CARBON SE - EXPECTS STRONG GROUP RESULTS FOR FIRST SIX
MONTHS OF 2021 AND RAISES ITS GUIDANCE FOR FISCAL YEAR 2021
    * SGL CARBON SE - SGL CARBON'S SALES FORECAST IS ALSO
INCREASED
SLIGHTLY TO APPROXIMATELY EUR 1.0 BILLION FOR CURRENT FISCAL
YEAR, UP FROM EUR 920 - 970 MILLION ORIGINALLY
    * SGL CARBON SE - EXPECTS FREE CASH FLOW FOR FULL YEAR TO BE
CORRESPONDINGLY ABOVE FORECAST OF EUR 20 MILLION GIVEN AT
BEGINNING OF YEAR.
    * SGL CARBON SE - A SLIGHTLY POSITIVE CONSOLIDATED NET
RESULT IS
ALSO PREDICTED FOR 2021.
    * SGL CARBON SE - PREVIOUSLY, COMPANY HAD ASSUMED A
CONSOLIDATED
NET RESULT OF BETWEEN EUR -20 MILLION AND EUR 0.
    * SGL CARBON SE - ACCORDING TO PRELIMINARY FIGURES, SGL
CARBON
EXPECTS GROUP SALES FOR H1 2021 OF AROUND EUR 496 MILLION (H1
2020: EUR 456.5 MILLION).
    * SGL CARBON SE - EBITDA PRE (EBITDA BEFORE NON-RECURRING
ITEMS
AND ONE-TIME EFFECTS) INCREASED TO AROUND EUR 72 MILLION IN
FIRST SIX MONTHS OF 2021 (H1 2020: EUR 42.0 MILLION).
    * SGL CARBON SE - COMMUNICATED MEDIUM-TERM TARGETS UP TO
2025
REMAIN UNAFFECTED BY FORECAST ADJUSTMENT.

Source text for Eikon:  ID:nEQ94nHZPa 
Further company coverage:  SGCG.DE 

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