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SGL Carbon SE (SGCG.DE)

SGCG.DE on Xetra

4.65EUR
20 Sep 2019
Change (% chg)

€-0.21 (-4.24%)
Prev Close
€4.86
Open
€4.90
Day's High
€4.91
Day's Low
€4.63
Volume
162,543
Avg. Vol
240,455
52-wk High
€10.58
52-wk Low
€3.57

Latest Key Developments (Source: Significant Developments)

SGL Carbon CFO Says Financing Is Solid
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - SGL Carbon CFO in call::STILL PLENTY OF HEADROOM ON BANK COVENANTS, FINANCING IS SOLID.ANY RESTRUCTURING MEASURES WILL BE ABOUT PROFIT IMPROVEMENT, NOT FUNDAMENTAL STRATEGY CHANGE.WE HAVE TO LOOK INTO IMPAIRMENT TESTS.SUSANNE KLATTEN IS A VERY ACTIVE CHAIRWOMAN BUT I DON’T EXPECT ANY CHANGE WITH REGARD TO STRATEGY FROM HER.NO ADDITIONAL EXTERNAL DEBT OR EQUITY FINANCING NEEDED.  Full Article

SGL Carbon SE Says CEO Jürgen Köhler Has Resigned
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - SGL Carbon SE ::DGAP-ADHOC: SGL CARBON SE: FOLLOWING THE ANALYSIS OF THE ACTUAL RESULTS OF THE BUSINESS UNIT COMPOSITES - FIBERS & MATERIALS (CFM) IN JULY 2019, SGL CARBON SE IS CORRECTING ITS GUIDANCE. CHIEF EXECUTIVE OFFICER DR. JÜRGEN KÖHLER HAS RESIGNED EFFECTIVE AUG.CHIEF EXECUTIVE OFFICER DR. JÜRGEN KÖHLER HAS RESIGNED EFFECTIVE AUGUST 31, 2019.GROUP GUIDANCE FOR 2020-2022 IS NO LONGER SUSTAINABLE.PLAN TO PUBLISH NEW GUIDANCE AFTER COMPLETING NEW GROUP PLAN IN JANUARY 2020 AT LATEST.FOR BUSINESS UNIT CFM, CO EXPECT 2019 RECURRING EBIT IN A MID-SINGLE DIGIT MILLION EUR AMOUNT.  Full Article

SGL Carbon H1 Net Result EUR 10.1 Million, Down 78.6%
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - SGL Carbon SE ::GUIDANCE FOR THE FISCAL YEAR 2019 CONFIRMED.H1 GROUP SALES INCREASED BY APPROXIMATELY 6 PERCENT TO 562 MILLION EUROS.H1 ADJUSTED EBIT REACHED NEARLY 38 MILLION EUROS, APPROXIMATELY 2 MILLION EUROS BELOW PRIOR YEAR’S FIRST HALF..H1 CONSOLIDATED NET RESULT 10.1 MILLION EUR, -78.6%.  Full Article

SGL Carbon Q1 Net Result Down At EUR 8.9 Million
Tuesday, 7 May 2019 

May 7 (Reuters) - SGL Carbon SE ::Q1 GROUP RECURRING EBIT AT ALMOST 19 MILLION EUROS.Q1 SALES REVENUE GREW SIGNIFICANTLY BY APPROXIMATELY 10 PERCENT TO REACH 289 MILLION EUROS..CONFIRMS ITS GUIDANCE FOR 2019.Q1 NET RESULT OF THE PERIOD AMOUNTED TO 8.9 MILLION (PREVIOUS YEAR: 32.2) MILLION EUROS.  Full Article

SGL Carbon Enters Into Partnership With UK’s National Composites Centre
Thursday, 2 May 2019 

May 2 (Reuters) - SGL Carbon SE ::ENTERS INTO PARTNERSHIP WITH THE UK’S NATIONAL COMPOSITES CENTRE.  Full Article

SGL Carbon FY Net Result Up At EUR 50.3 Million
Wednesday, 27 Mar 2019 

March 27 (Reuters) - SGL Carbon SE ::FY GROUP SALES REVENUE UP 22 PERCENT TO SURPASS 1 BILLION.CONFIRMS THE GROUP GUIDANCE 2019 AND MID-TERM TARGETS 2022.FY RECURRING GROUP EBIT ROSE BY 61 PERCENT TO 65 MILLION EUROS.FY NET RESULT FROM CONTINUING OPERATIONS INCREASED STRONGLY TO REACH 50.3 MILLION EUROS.IN FISCAL YEAR 2019, THE COMPANY EXPECTS GROUP SALES TO INCREASE BY A MID-SINGLE-DIGIT PERCENTAGE RANGE.OUTLOOK 2019: GROUP EBIT IS EXPECTED TO STABILIZE ON THE PRIOR-YEAR LEVEL.SGL CARBON’S CONSOLIDATED NET RESULT SHOULD BREAK EVEN IN 2019.CONFIRMS ITS NEW MID-TERM SALES TARGET OF NEARLY 1.4 BILLION EUROS.CONFIRMS ON AN UNCHANGED EBIT MARGIN TARGET OF AT LEAST 10 PERCENT IN THE YEAR 2022.  Full Article

SGL Carbon Signs Multi-Year Contract With Onur Materials Services
Monday, 11 Mar 2019 

March 11 (Reuters) - SGL Carbon SE ::SUPPLY CONTRACT AND COOPERATION WITH ONUR MATERIALS SERVICES FOR HIGH-PERFORMANCE INSULATION COMPONENTS FOR AEROENGINES.MULTIYEAR CONTRACT FOR ONUR AIR PLANES, DELIVERY WILL START IN THE FIRST HALF OF 2019.  Full Article

SGL To Supply Carbon Fibers, Fabrics For BMW INext
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - SGL Carbon SE ::SGL CARBON SUPPLIES CARBON FIBERS AND FABRICS FOR BMW INEXT.DELIVERY IS EXPECTED TO START IN 2021 AND WILL LAST FOR THE VEHICLE’S ENTIRE LIFECYCLE.CARBON FIBERS TO BE MANUFACTURED AT MOSES LAKE PLANT IN U.S., MATERIALS TO BE PRODUCED AT THE WACKERSDORF SITE IN GERMANY.  Full Article

SGL Carbon Passes Resolution On New Five-Year Plan
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - SGL Carbon SE ::PASSES RESOLUTION ON NEW FIVE-YEAR PLAN.FREE CASHFLOW TARGET POSTPONED BY ONE YEAR.HIGHER MID TERM TARGETS FOR GROUP SALES AND EBIT.PLAN TO INCREASE OUR CAPITAL EXPENDITURES IN YEARS 2019 TO 2021 BY EUR80 MILLION IN TOTAL COMPARED TO PRIOR BUDGETS.HIGHER CAPITAL EXPENDITURES FOR ORGANIC GROWTH PLANNED IN BUSINESS.HIGHER CAPITAL EXPENDITURES FOR ORGANIC GROWTH PLANNED IN BUSINESS UNIT GRAPHITE MATERIALS & SYSTEMS (GMS) TO EXECUTE ON ADDITIONAL GROWTH OPPORTUNITIES.ROCE (BASED ON EBIT) TARGET OF APPROX. 9% IN YEAR 2020 WILL ALSO BE POSTPONED BY ONE YEAR.ACCORDINGLY, CAPITAL EXPENDITURES TO REMAIN SIGNIFICANTLY ABOVE LEVEL OF DEPRECIATION UP TO AND INCLUDING 2021.FREE CASHFLOW TARGET POSTPONED BY ONE YEAR.HIGHER MID TERM TARGETS FOR GROUP SALES AND EBIT^1.SALES IN 2022 IS NOW TARGETED TO BE A HIGH DOUBLE DIGIT MILLION EUR AMOUNT HIGHER THAN OUR PREVIOUS TARGET OF EUR1.3 BILLION.HIGHER SALES LEVEL LEADS TO AN EXPECTED ADDITIONAL EBIT CONTRIBUTION TARGET IN A LOW DOUBLE DIGIT MILLION EUR AMOUNT FOR YEAR 2022.EBIT MARGIN IN 2022 IS TARGETED TO REMAIN WITHIN FRAMEWORK OF COMMUNICATED TARGET OF AT LEAST 10%.EXPECTS TO TEMPORARILY EXCEED OUR GEARING TARGET OF APPROX. 0.5 IN YEARS 2019 AND 2020 BUT EXPECT TO BE ABLE TO MEET OUR GEARING TARGET FROM 2021 ONWARDS.  Full Article

SGL Carbon Receives Order For Heat Exchangers In China
Friday, 16 Nov 2018 

Nov 16 (Reuters) - SGL CARBON SE ::RECEIVES MAJOR ORDER FOR HEAT EXCHANGERS IN CHINA.ORDER VALUE IN THE LOW SINGLE-DIGIT MILLION EURO RANGE.RECEIVED A MAJOR ORDER ORDER FROM TIANJIN BOHUA CHEMICAL DEVELOPMENT CO., LTD.DELIVERY IS SCHEDULED UNTIL THE END OF 2019.  Full Article

CORRECTED-SGL shares slump as CEO quits, earnings decline

FRANKFURT, Aug 15 Shares in Germany's SGL Group were down 14.5% in early trade after the maker of carbon fibres for auto parts said its chief executive would quit and its earnings prospects for the year had worsened.