Brief: SGL Carbon Terminates Heritable Building Right To Non-Operating Property

SGL Carbon SE

30/03/2022 14:03

March 30 (Reuters) - SGL Carbon SE  SGCG.DE :
    * SGL CARBON SE - : TERMINATION OF A HERITABLE BUILDING
RIGHT TO A
NON-OPERATING PROPERTY
    * SGL CARBON SE - SETTLEMENT OF TERMINATION AGREEMENT WILL
RESULT
IN A POSITIVE ONE-OFF BALANCE SHEET EFFECT FOR SGL CARBON SE IN
2022 TOTALING APPROXIMATELY EUR 27 MILLION
    * SGL CARBON SE - CASH OUTFLOW FOR DISMANTLING OF FACILITIES
OF
APPROXIMATELY EUR 6 MILLION OVER NEXT THREE TO FOUR YEARS
    * SGL CARBON SE - PREVIOUS BURDEN FROM LEASEHOLD OF AROUND
EUR 1
MILLION PER YEAR WILL NO LONGER APPLY
    * SGL CARBON SE - FORECAST FOR FISCAL YEAR 2022 GIVEN ON
MARCH 24,
2022 WILL NOT BE AFFECTED BY CANCELLATION OF HERITABLE BUILDING
RIGHT.

Source text for Eikon:  ID:nEQ2vG9dha 
Further company coverage:  SGCG.DE 

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