SGL Group reports 15% increase in sales

SGL Group reports that its sales from continuing operations was €435.3 million for the first half year, an increase of 15% from the previous €379.4 million.

‘In the second quarter we continued with the performance seen at the beginning of the year,’ says Dr Jürgen Köhler, CEO of SGL Group. ‘The sale of our former Performance Products business unit means that we can now concentrate on our growth businesses Composites, Fibers & Materials and Graphite Materials & Systems.’

Sales in the first half of 2017 in Composites, Fibers & Materials increased by 12.6%, to €176.2 million, compared to €156.5 million, primarily due to higher sales in the market segments industrial applications, automotive, and textile fibers, the company said. In the industrial applications market segment, carbon fiber sales for injection molding applications developed particularly well, while in textile fibers, the high oil price compared to the prior year period had a positive impact on selling prices. The aerospace and wind energy market segments recorded slightly lower sales.

SGL Group said that is anticipates a slight (up to 10%) increase in sales in the Composites, Fibers & Materials segment, driven by a higher demand for carbon fibers for industrial applications as well as higher pricing in textile fibers.

This story is reprinted from material from SGLwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.