Brief: SGL Carbon To Restructure Its Carbon Fibers Business Unit

SGL Carbon SE

18/02/2025 16:07

Feb 18 (Reuters) - SGL CARBON SE  SGCG.DE :
    * DECIDES TO RESTRUCTURE ITS CARBON FIBERS BUSINESS UNIT
    * WILL SIGNIFICANTLY REDUCE BUSINESS ACTIVITIES OF CARBON
FIBERS
AND FOCUS ON A PROFITABLE CORE.
    * NO SPECIFIC INFORMATION CAN BE PROVIDED AT THIS TIME
    * GOAL IS TO BEGIN IMPLEMENTATION QUICKLY IN ORDER TO
CONTAIN
OPERATING LOSSES AND ASSOCIATED IMPACT ON SGL CARBON GROUP IN
SHORT TERM
    * EXPECTING ONE-TIME CASH EFFECTS IN AMOUNT OF APPROXIMATELY
EUR
50 MILLION OVER NEXT TWO YEARS DUE TO EXTENSIVE RESTRUCTURING
    * CARBON FIBERS GENERATED SALES OF AROUND EUR 210 MILLION
(PREVIOUS YEAR: EUR 224.9 MILLION) IN FISCAL YEAR 2024.
    * GROUP SALES FOR SGL CARBON AMOUNTED TO APPROXIMATELY EUR
1,026
MILLION (PREVIOUS YEAR: EUR 1,089.1 MILLION)
    * FY PRELIMINARY ADJUSTED GROUP EBITDA OF APPROXIMATELY EUR
163
MILLION WAS SLIGHTLY BELOW PRIOR YEAR LEVEL (2023: EUR 168.4
MILLION)

Source text:  ID:nEQ33NPlKa 
Further company coverage:  SGCG.DE 

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