Brief: SGL Carbon Raises FY 2022 Sales Guidance At Around EUR 1.1 Bln

SGL Carbon SE

07/06/2022 08:09

June 7 (Reuters) - SGL CARBON SE  SGCG.DE :
    * RAISES SALES AND EARNINGS GUIDANCE FOR 2022
    * EXPECTS TO EXCEED UPPER END OF STATED RANGE OF ITS GROUP
EBITDA
PRE GUIDANCE FOR FISCAL YEAR 2022 OF EUR 110 - 130 MILLION
    * SALES GUIDANCE IS ALSO RAISED TO AROUND EUR 1.1 BILLION
FOR
CURRENT FISCAL YEAR
    * OUTLOOK 2022: FORECAST FOR RETURN ON CAPITAL EMPLOYED
(ROCE) OF
ORIGINALLY 5% - 7% IS RAISED TO 7% - 9%
    * FREE CASH FLOW IS STILL EXPECTED TO BE SIGNIFICANTLY LOWER
IN
2022 THAN IN PREVIOUS YEAR (PREVIOUS YEAR: EUR 111.5 MILLION)
    * COMMUNICATED MEDIUM-TERM TARGETS UP TO 2025 REMAIN
UNAFFECTED BY
FORECAST ADJUSTMENT
    * OUTLOOK 2022: EBITPRE^1 (EARNINGS BEFORE INTEREST AND TAX
ADJUSTED BY NON-RECURRING ITEMS AND ONE-TIME EFFECTS) IS NOW
FORECASTED TO BE BETWEEN EUR 70 - 90 MILLION (PREVIOUSLY: EUR 50
- 70 MILLION)

Source text for Eikon:  ID:nEQ7gzDwQa 
Further company coverage:  SGCG.DE 

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