SGL Carbon SE

SGL

Equity

ISIN DE0007235301 / Valor 355063

Xetra (2026-07-31)

EUR 3.75-0.27%

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

Q1 2026 sales: €184.5m (‑21.3% y/y). Decline driven by exit of loss‑making carbon fiber activities (mid‑2025), weaker Graphite Solutions and Process Technology demand, and modest order intake; currency had a small negative effect.

Adjusted EBITDA and one‑offs

Adjusted EBITDA: €29.6m (‑11.6% y/y). This includes a €7.7m one‑time compensation from a Graphite Solutions contract. Excluding that item, earnings were more pressured by lost high‑margin sales and lower volumes.

Profitability (EBIT / Net result)

EBIT pre: €17.4m (‑15.9%); reported EBIT: €15.9m (vs €3.4m in Q1 2025) — the large improvement in reported EBIT reflects substantially lower restructuring charges. Consolidated net result attributable to shareholders: €5.9m (vs ‑€6.1m).

Segments — Graphite Solutions (GS)

GS sales €106.4m (‑8.8%). EBITDA pre €18.4m (‑14.8% y/y), negatively affected by lower semiconductor volumes and utilization despite the €7.7m compensation; EBITDA margin ~17.3% in Q1.

Segments — Fiber Composites (FC)

Newly combined FC (Carbon Fibers + Composite Solutions) sales €47.7m (‑37.7% y/y). EBITDA pre improved to €9.0m (from €1.5m), helped by closure of loss‑making carbon fiber operations and cost savings; mobility remains the largest market for FC.

Segments — Process Technology (PT)

PT sales €25.5m (‑30.1% y/y). EBITDA pre €4.1m (down significantly) as chemical customers postponed investments and utilization fell; adjusted EBITDA margin declined versus prior year.

Balance sheet, cash and leverage

Total assets €1,175.6m (+0.7% vs Dec 31, 2025); inventories €306.1m; working capital ~€221.6m (stable). Net financial debt €98.1m (virtually unchanged). Liquidity €147.3m. Equity ratio 39.5% (slight increase).

Cash flow and employees

Free cash flow €6.4m (up 25.5% y/y), supported by working capital performance and lower capex vs prior year quarter. Headcount 3,577 as of Mar 31, 2026 (down ~58 vs Dec 31, 2025) following capacity adjustments.

Outlook & risks

Management confirmed the 2026 guidance: sales €720–770m, adjusted EBITDA €110–130m, ROCE ~9–10%, and free cash flow broadly at prior‑year level. Company flags external risks (notably geopolitical tensions in the Middle East that could affect energy/raw material prices and supply chains) but currently sees no threat to continued operations.

Summarized from source with an LLMView Source

Key figures

8.54%1Y

-50.7%3Y

-60.0%5Y

Performance

47.2%1Y

38.7%3Y

42.9%5Y

Volatility