Brief: SGL Carbon Q1 EBITDA Before Non-Recurring Items Down At EUR 24.6 Mln

SGL Carbon SE

14/05/2020 07:11

May 14 (Reuters) - SGL CARBON SE  SGCG.DE :
    * GUIDANCE FOR THE FULL YEAR 2020 REMAINS SUSPENDED DUE TO
THE
IMPACTS OF THE COVID-19 PANDEMIC
    * Q1 GROUP SALES REVENUES AT 247 MILLION EUROS APPROXIMATELY
15
PERCENT BELOW PRIOR YEAR’S LEVEL, BUT SLIGHTLY ABOVE THE
GUIDANCE CORRIDOR (220 TO 240 MILLION EUROS)
    * Q1 GROUP RECURRING EBIT AROUND 50% BELOW PRIOR YEAR LEVEL
AT 9
MILLION EUROS AND AT THE UPPER END OF THE GUIDANCE CORRIDOR
    * LIQUIDITY OF APPROXIMATELY 150 MILLION EUROS AS OF MARCH
31,
2020
    * IN SECOND QUARTER 2020, SALES TO DECLINE IN A DOUBLE-DIGIT
RANGE, AND NEGATIVE RECURRING EBIT EXPECTED
    * Q1 EBITDA BEFORE NON-RECURRING ITEMS AT EUR 24.6 MILLION
VERSUS
EUR 36.3 MILLION YEAR AGO

Source text: https://bit.ly/3cyfe9x
Further company coverage:  SGCG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))