SGL Carbon’s Q1 in line with expectations

SGL has reported group sales revenues of €247 million, approximately 15% below the prior year’s level, but slightly above the €220–240 million predicted by the company in March 2020.

However, the company suggests it will have a ‘significant double-digit percentage decrease’ in group sales revenue in Q2 2020.

‘In these extraordinary times, we have two clear priorities: protecting the health of our employees, their families and our business partners and the responsibility for our company,’ said Dr Michael Majerus, spokesperson of the board of management of SGL Carbon. ‘We acted decisively and took various measures at an early stage, both to ensure the safety of our employees and to mitigate the economic impact of the pandemic. SGL Carbon is well positioned from a financial perspective. Our strategic drivers are intact even in this period of global economic challenges. We anticipate that the demand for our solutions, especially in the areas of sustainability and digitization, will grow once the pandemic is over.’

Sales revenues in SGL’s Composites business unit were €104.5 million, around 9% below prior year’s level, while Graphite Materials & Systems saw a decline of 19.1% to €134.6 million from €166.4 million in Q2 2019.

This story uses material from SGL, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.