DGAP-Adhoc: SGL Carbon SE again raises its sales and earnings forecast for the current 2022 fiscal year

Wiesbaden, September 6, 2022. Due to the ongoing good business development, especially in the Carbon Fibers business unit, SGL Carbon SE is increasing its group sales and earnings forecast for the current fiscal year and is now assuming group sales of around EUR 1.2 billion , euros (previously: approx. 1.1 billion euros). The company expects to achieve adjusted EBITDA (EBITDA pre = earnings before interest, taxes, depreciation and amortization before special items and one-off effects) of EUR 170 to 190 million (previously: EUR 130 to 150 million) in 2022.

Based on the lower prices for acrylonitrile, the main raw material in the Carbon Fibers business unit, and customer demand for acrylic and carbon fibers that exceeded expectations, combined with consistently good production utilization and capacity, the management of SGL Carbon SE assumes that earnings in this business unit will improve.

SGL Carbon assumes that the factors mentioned will persist at least until the end of the year and that the earnings situation of the Carbon Fibers business unit will exceed previous expectations. Combined with the continued good business development of the other three business areas (Graphite Solutions, Process Technology and Composite Solutions), an improvement in the sales and earnings situation at group level is assumed.

In accordance with the increase in the forecast for the adjusted EBITDA (EBITDA pre) to EUR 170 to 190 million (previously: EUR 130 to 150 million), the company is forecasting an adjusted EBIT (earnings before interest and taxes before special items and one-off effects) of between EUR 110 and 130 million. EUR (previously: EUR 70-90 million). The return on capital employed (ROCE) forecast of originally 7% – 9% has been raised to 10% to 12% in line with the development of earnings. The expectations for the free cash flow (significantly below the previous year’s level of EUR 111.5 million) remain unaffected by the expected improvement in sales and earnings.

The updated forecast for the 2022 financial year was prepared on the basis of the current market environment and does not assume any deterioration in the general conditions, in particular due to the war in Ukraine and its consequences for the global economy.

The use of key figures in this release is analogous to the definition in the Annual Report 2021. There were no changes in the scope of consolidation or accounting methods compared to the original forecast.

Contact:
Claudia Kellert
Head of Capital Markets & Communications