SGL Carbon SE

SGL

Equity

ISIN DE0007235301 / Valor 355063

Xetra (2026-02-20)

EUR 4.29-1.83%

SGL Carbon SE
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About company

SGL Carbon SE is a prominent global company specializing in the development and production of carbon-based materials and solutions. With a focus on specialty graphite, carbon fibers, and composites, the company caters to a diverse range of industries, including climate-friendly mobility, semiconductor technology, LED, solar and wind energy, and lithium-ion battery manufacturing. Additionally, SGL Carbon provides solutions for the chemical sector and various industrial applications. The company operates through four main business units: Carbon Fibers, which serves as the foundation for composite applications; Composite Solutions, which focuses on high-tech applications requiring strength and lightweight properties; Graphite Solutions, recognized for expertise in specialty graphites; and Process Technology, which involves the construction of large-scale industrial plants. With approximately 4,800 employees across 29 sites in Europe, North America, and Asia, SGL Carbon reported sales of 1.1 billion euros in fiscal 2023. The company is committed to delivering tailored solutions that align with future-oriented markets such as sustainable mobility and renewable energy.

Summarized from source with an LLMView SourceSector: Energy

Sales and revenue

Group sales: €453.2m in H1 2025 (‑15.8% vs H1 2024 €538.0m). The decline was driven mainly by Graphite Solutions (GS), particularly weaker demand from semiconductor/SiC customers and high customer inventories.

Adjusted EBITDA and margins

Adjusted EBITDA (EBITDA pre): €72.5m (‑16.2% vs €86.5m). Adjusted EBITDA margin was 16.0% (H1 2024: 16.1%), indicating margin resilience despite lower volumes and mix deterioration.

Reported EBIT and net result

Reported EBIT: loss of €3.2m (H1 2024: €55.9m) after non‑recurring items and restructuring. Consolidated net result attributable to shareholders: loss of €31.4m (H1 2024: profit €29.4m). One‑offs/non‑recurring items totaled about €49.9m in H1 2025; restructuring expenses shown around €47.0m in the period.

Cash flow and net debt

Free cash flow was €7.3m (down 41.1% vs €12.4m). Net financial debt increased to €115.5m (up 6.7% from €108.2m at Dec 31, 2024). Liquidity was €139.2m at June 30, 2025.

Balance sheet and equity

Total assets €1,250.3m (‑6.5% vs Dec 31, 2024). Equity attributable to shareholders €497.1m (‑10.4%), equity ratio 39.8% (down from 41.5%). Working capital was broadly stable at €278.0m.

Major segment moves — Graphite Solutions (GS)

GS sales €221.0m (‑22.2%); adjusted EBITDA €40.8m (‑43.5%). The semiconductor & LED market saw the largest decline (semiconductor sales down ~€63.4m, ‑44.7%), reducing GS volumes and high‑margin sales to semiconductor customers.

Major segment moves — Process Technology (PT)

PT sales €70.2m (flat) and adjusted EBITDA €19.9m (+24.4%). PT benefited from project backlog and delivered improved profitability despite a cautious order intake.

Major segment moves — Carbon Fibers (CF)

CF sales €93.5m (‑15.1%); adjusted EBITDA improved to €5.2m (from ‑€4.4m) thanks to restructuring and capacity reductions. Management decided to restructure CF, close the Lavradio (Portugal) site (production discontinued June 2025) and discontinue loss‑making fiber/precursor lines — c.€30m estimated sales loss in 2025 and ~€50m one‑offs affecting liquidity over the next two years.

Major segment moves — Composite Solutions (CS)

CS sales €59.1m (‑11.7%) and adjusted EBITDA €5.4m (‑33.3%). Sales were hit by the expiry/early termination of a North American automotive supply agreement and continued weak automotive demand.

Outlook and guidance

Management confirmed 2025 adjusted EBITDA guidance of €130–150m. Sales guidance was revised on July 14, 2025 to a decline of 10–15% versus 2024 (previously: slight decline). Company expects free cash flow positive for 2025 but significantly below 2024, and expects ROCE around 9–10%.

Summarized from source with an LLMView Source

Key figures

5.15%1Y

-52.6%3Y

-38.1%5Y

Performance

40.5%1Y

34.5%3Y

43.3%5Y

Volatility