Germany: SGL Carbon Exceeds Sales Revenue and Earning Targets for 2018

摘要

In 2018, SGL Carbon surpassed its sales revenue and earnings targets. Sales slightly exceeded the threshold of EUR 1 billion and thus surpassed the increased guidance. At the same time, the company's earnings grew substantially above the prior-year level. Around half of the sales increase of 22% was due to strong organic growth. In addition, the SDAX-listed company recorded positive effects in sales and earnings mainly related to the full consolidation of the former joint ventures with BMW Group and Benteler and the initial adoption of IFRS 15. Recurring Group EBIT rose by 61% to EUR 65 million, mainly relating to the good operating performance of the business unit Graphite Materials & Systems (GMS). Due to the increased operating profit, a significantly improved net financing result and fair value adjustments, the net result from continuing operations increased strongly to reach EUR 50, 3 million. Thereby, for the first time as the new SGL Carbon, the company reached a positive result from continuing operations.