8.8% sales increase for SGL

SGL says that its sales were €496.7 million in the first half of 2021, up 8.8% from €456.5 million in the same period of 2020. Adjusted EBITDA improved by 70.7% to €71.7 million.

‘While the past fiscal year 2020 was still characterized by a Corona-related slump in orders in many business areas of SGL Carbon, demand picked up again in the first six months of 2021,’ a press release said.

The company’s Carbon Fibers business reportedly contributed €166.4 million to group sales, benefiting from increased demand from the automotive market segment. In Composite Solutions there was an increase in sales of 52.4% to €60.2 million.

The company’s Graphite Solutions segment had sales of €221.2 million, a 3.8% increase. The business, which contributes around 44.5% of SGL Group sales, was affected by positive developments in the LED, semiconductor and automotive industries markets, SGL said.

the consolidated result for the first six months of the current financial year was positive at €17.9 million, compared with minus €13.8 million in the same period of the previous year (in each case after deduction of non-controlling interests of €0.2 million). Therefore, positive earnings per share of €0.15 could be reported again in the first half of 2021.

SGL Carbon now expects consolidated sales of around €1.0 billion (previously €920 - 970 million).

This story uses material from SGL, with editorial changes made by Materials Today.