Germany · Delayed Price · Currency is EUR SGL Carbon SE Earnings Call Transcripts
Fiscal Year 2026
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Sales fell 21% year-over-year due to discontinued carbon fiber activities and weak demand in key segments, but profitability improved thanks to cost control and restructuring. Outlook remains cautious amid macroeconomic and geopolitical uncertainty.
Fiscal Year 2025
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2025 saw a 17% sales decline and restructuring, but EBITDA pre met guidance and free cash flow stayed strong. The new strategy targets EUR 1 billion sales by 2030, with growth in semiconductors, nuclear, and defense, and stable margins expected in 2026.
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Sales fell 16.5% year-over-year to €653 million, mainly due to semiconductor weakness and restructuring, but EBITDA pre-margin improved to 16.6%. Net result was negative from one-time costs, yet free cash flow and balance sheet remained strong. Guidance for 2025 is confirmed.
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H1 2025 saw a 15.8% sales decline and a 16.2% drop in EBITDA pre due to weak demand, but cost controls kept margins stable. Major restructuring in Carbon Fibers led to a return to profitability, while guidance was revised for lower sales but stable EBITDA pre.
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Q1 2025 saw a 14% sales drop and a negative net result, mainly due to weak semiconductor and EV demand. Restructuring in carbon fiber is progressing, with site closures and cost cuts, while guidance for 2025 is maintained despite ongoing market uncertainties.
Fiscal Year 2024
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Sales declined 5.8% to €1,026 million and EBITDA pre fell 3.3% to €162.9 million, with strong margin resilience despite challenging markets. Carbon Fiber restructuring and market headwinds led to a €-80.3 million net result, but free cash flow stayed positive.
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Graphite Solutions and Process Technology delivered strong margins and growth, while Carbon Fiber and Composite Solutions faced declines due to market weakness and project terminations. Guidance for 2024 is confirmed, with a year-end impairment planned for carbon fiber assets.
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H1 2024 saw sales decline 4% year-over-year, but EBITDA margin improved to 16.1% due to a favorable product mix and divestitures. Graphite Solutions and Process Technology performed strongly, while Carbon Fiber and Composite Solutions faced headwinds. Full-year guidance is confirmed at the lower end, with positive free cash flow targeted.