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SGL Carbon SE (SGCG.DE)

SGCG.DE on Xetra

3.57EUR
7 Aug 2020
Change (% chg)

€-0.05 (-1.25%)
Prev Close
€3.61
Open
€3.60
Day's High
€3.64
Day's Low
€3.48
Volume
194,896
Avg. Vol
204,296
52-wk High
€6.28
52-wk Low
€2.03

Latest Key Developments (Source: Significant Developments)

SGL Carbon Sees 2020 Sales To Decline Year-Over-Year By 15% To 20%
Tuesday, 28 Jul 2020 

July 28 (Reuters) - SGL Carbon SE ::SGL CARBON SE PRESENTS AN OUTLOOK FOR 2020 AGAIN BASED ON THE PRELIMINARY RESULTS FOR THE SECOND QUARTER 2020.DECIDED TO SUSPEND GUIDANCE FOR FISCAL YEAR 2020 AS PUBLISHED IN ANNUAL REPORT 2019..BASED ON PRELIMINARY GROUP RESULTS FOR Q2 2020 BOARD OF MANAGEMENT HAS TODAY ASSESSED OUTLOOK FOR SECOND HALF OF YEAR..PRELIMINARY RESULTS FOR Q2 2020 DO NOT LOOK AS WEAK AS ANTICIPATED AT PRESENTATION OF QUARTERLY STATEMENT AS OF MARCH 31, 2020.Q2 GROUP SALES HAS LIKELY DECLINED BY APPROX. 25% COMPARED TO PRIOR YEAR LEVEL OF APPROX. EUR 273 MILLION.RECURRING EBIT IS LIKELY TO HAVE REMAINED AT BREAK-EVEN LEVEL IN Q2 2020..EXPECTS GROUP SALES TO DECLINE YEAR-OVER-YEAR BY 15% TO 20% (GROUP SALES 2019: EUR 1,087 MILLION) AND A SLIGHTLY POSITIVE OPERATING RECURRING EBIT FOR FULL YEAR 2020.NET RESULT FROM CONTINUING OPERATIONS FOR FISCAL YEAR 2020 IS EXPECTED IN A SIMILAR MAGNITUDE AS BEFORE COVID-19 PANDEMIC OUTBREAK (NEGATIVE LOW DOUBLE-DIGIT MILLION EUR AMOUNT) DESPITE A LOWER OPERATING GROUP RECURRING EBIT.  Full Article

SGL Carbon Q1 EBITDA Before Non-Recurring Items Down At EUR 24.6 Mln
Thursday, 14 May 2020 

May 14 (Reuters) - SGL CARBON SE ::GUIDANCE FOR THE FULL YEAR 2020 REMAINS SUSPENDED DUE TO THE IMPACTS OF THE COVID-19 PANDEMIC.Q1 GROUP SALES REVENUES AT 247 MILLION EUROS APPROXIMATELY 15 PERCENT BELOW PRIOR YEAR’S LEVEL, BUT SLIGHTLY ABOVE THE GUIDANCE CORRIDOR (220 TO 240 MILLION EUROS).Q1 GROUP RECURRING EBIT AROUND 50% BELOW PRIOR YEAR LEVEL AT 9 MILLION EUROS AND AT THE UPPER END OF THE GUIDANCE CORRIDOR.LIQUIDITY OF APPROXIMATELY 150 MILLION EUROS AS OF MARCH 31, 2020.IN SECOND QUARTER 2020, SALES TO DECLINE IN A DOUBLE-DIGIT RANGE, AND NEGATIVE RECURRING EBIT EXPECTED.Q1 EBITDA BEFORE NON-RECURRING ITEMS AT EUR 24.6 MILLION VERSUS EUR 36.3 MILLION YEAR AGO.  Full Article

SGL Carbon Gets Contract For Battery Enclosure From BMW Group
Tuesday, 21 Apr 2020 

April 21 (Reuters) - SGL CARBON SE ::RECEIVES CONTRACT FOR BATTERY ENCLOSURE FROM BMW GROUP.MULTI-YEAR SUBSTANTIAL CONTRACT.  Full Article

SGL Carbon Suspends Guidance For 2020 Due To Coronavirus Pandemic
Wednesday, 1 Apr 2020 

April 1 (Reuters) - SGL CARBON SE ::SGL CARBON SE SUSPENDS GUIDANCE FOR THE CURRENT FISCAL YEAR, THE PREVIOUSLY COMMUNICATED TARGETS FOR 2020 ARE UNLIKELY TO BE ACHIEVED DUE TO THE COVID-19 PANDEMIC.INTRODUCED AND PARTIALLY ALREADY IMPLEMENTED COMPREHENSIVE MEASURES TO REDUCE COST BASE AND TO SECURE LIQUIDITY.THESE MEASURES INCLUDE INTRODUCTION OF SHORT-TIME WORK, REDUCTION OF MATERIAL AND INDIRECT SPEND, AS WELL AS FURTHER REDUCTION RESP. POSTPONEMENT OF CAPITAL EXPENDITURES.  Full Article

SGL Carbon Confirms Guidance For FY 2020
Thursday, 12 Mar 2020 

March 12 (Reuters) - SGL Carbon SE ::SGL CARBON SE - CONSOLIDATED SALES REVENUES IN FISCAL YEAR 2019 UP BY 4 PERCENT TO AROUND 1.1 BILLION EUROS.SGL CARBON SE - FY CONSOLIDATED RECURRING EBIT DOWN BY 25 PERCENT TO 48 MILLION EUROS.SGL CARBON SE - SGL CARBON CONFIRMS GUIDANCE FOR FISCAL YEAR 2020.SGL CARBON SE - WE EXPECT THAT WE CAN GROW OUR CONSOLIDATED REVENUE BY A MID TO HIGH SINGLE DIGIT PERCENTAGE PER YEAR ON AVERAGE BETWEEN 2020 AND 2024.SGL CARBON SE - WITH MINUS 90 (PRIOR YEAR: PLUS 41) MILLION EUROS, FY CONSOLIDATED GROUP RESULT DECLINED SIGNIFICANTLY COMPARED TO LAST YEAR'S GOOD RESULTS.  Full Article

SGL Carbon Appoints Torsten Derr As New CEO
Monday, 10 Feb 2020 

Feb 10 (Reuters) - SGL CARBON SE ::TORSTEN DERR TO BECOME NEW CHIEF EXECUTIVE OFFICER OF SGL CARBON SE.DR. DERR IS SUCCEEDING DR. JÜRGEN KÖHLER, WHO RESIGNED FROM HIS MANDATE AS CHIEF EXECUTIVE OFFICER OF SGL CARBON SE EFFECTIVE AUGUST 31, 2019.APPOINTED DR. TORSTEN DERR AS CHIEF EXECUTIVE OFFICER OF SGL CARBON SE FOR DURATION OF FIVE YEARS EFFECTIVE JULY 1, 2020.  Full Article

SGL Carbon Confirms 2020 Sales, EBIT Outlook
Friday, 31 Jan 2020 

Jan 31 (Reuters) - SGL Carbon SE ::CONFIRMS GROUP SALES, GROUP EBIT AND NET FINANCIAL DEBT FOR 2019 BASED ON PRELIMINARY RESULTS.CONFIRMS OUTLOOK FOR GROUP SALES AND GROUP EBIT FOR 2020.WILL RESTRICT CAPEX TO €70-80 MILLION IN 2020 (PREVIOUS GUIDANCE: APPROX €100 MILLION).  Full Article

SGL Carbon And Hyundai Motor Group Agree On Contract For Fuel Cell Components
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - SGL Carbon SE ::SGL CARBON AND HYUNDAI MOTOR GROUP AGREE ON MAJOR CONTRACT FOR FUEL CELL COMPONENTS.CONTRACT WILL ENABLE A RAMP-UP OF CURRENT PRODUCTION AND DELIVERY VOLUMES IN ORDER TO SUPPORT HYUNDAI’S OBJECTIVES IN THE AREA OF FUEL CELL DRIVE SYSTEMS.IN THE MEDIUM-TERM, SGL CARBON PLANS TO MORE THAN QUINTUPLE ITS BUSINESS WITH FUEL CELL COMPONENTS TO ANNUAL SALES OF APPROXIMATELY 100 MILLION EURO.  Full Article

SGL Carbon 9-Month Group Sales Up By 6% To EUR 832.4 Mln
Tuesday, 5 Nov 2019 

Nov 5 (Reuters) - SGL CARBON SE ::9-MONTH GROUP SALES UP BY 5.9% VERSUS PRIOR YEAR PERIOD TO 832.4 MILLION EUROS.9-MONTH GROUP RECURRING EBIT AT AROUND 54 MILLION EUROS.9-MONTH CONSOLIDATED NET LOSS EUR 74.5 MILLION VERSUS PROFIT EUR 47.7 MILLION YEAR AGO.FOR 2019 CONTINUES TO EXPECT CAPITAL EXPENDITURES OF ABOUT EUR 100 MILLION AFTER EUR 78 MILLION YEAR AGO.COUNTERMEASURES INITIATED TO IMPROVE EARNINGS OF CFM.  Full Article

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

BRIEF-SGL Carbon Suspends Guidance For 2020 Due To Coronavirus Pandemic

* SGL CARBON SE SUSPENDS GUIDANCE FOR THE CURRENT FISCAL YEAR, THE PREVIOUSLY COMMUNICATED TARGETS FOR 2020 ARE UNLIKELY TO BE ACHIEVED DUE TO THE COVID-19 PANDEMIC