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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Sales and EBITDA declined sharply in Q1 2025 due to weak semiconductor and EV demand, with restructuring in carbon fiber underway and significant one-off charges impacting net results. Guidance for 2025 is maintained, supported by a solid balance sheet.
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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EBITDA pre rose 5% year-over-year, driven by strong product mix in Graphite Solutions and robust Process Technology margins, while Carbon Fiber and Composite Solutions faced declines due to weak demand and project terminations. A €60–80 million impairment is planned, and 2024 guidance is confirmed.
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Sales declined 4% year-over-year, but profitability improved due to a favorable product mix and reduced losses from divested entities. Semiconductor-driven growth is slowing, but mid-term trends remain positive. Full-year guidance is confirmed, with compensation from a terminated contract expected to support H2 results.