Partners & Customers
10Latest SGL Carbon News
Jun 10, 2022
Graphite and composite materials manufacturer expects to exceed the given guidance for the fiscal year 2022 based on Business Unit developments and customer price increases. Photo Credit: Getty Images Based on good business development in all four Business Units as well as the mostly successful passing on of increased costs for raw materials, energy and transport to customers (see “ SGL Carbon positive 2021 sales and earnings report driven by increased demand ”), SGL Carbon SE ’s (Wiesbaden, Germany) Board of Management announced on June 7 that it expects to exceed the given guidance for the fiscal year 2022. Accordingly, SGL Carbon SE is increasing its sales and earnings guidance for fiscal year 2022. The company expects to exceed the upper end of the stated range of its Group EBITDApre (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) guidance for the fiscal year 2022 of €110-130 million and is raising its EBITDApre guidance for 2022 to €130-150 million. Correspondingly, EBITpre (earnings before interest and tax adjusted by non-recurring items and one-time effects) is now forecasted to be between €70-90 million (previously €50-70 million). The sales guidance is also raised to around €1.1 billion for the current fiscal year, originally expected to be at the level of the previous year (€1,007 million). In line with the development of earnings, the forecast for return on capital employed (ROCE), originally 5-7%, is raised to 7-9%. The expectations for free cash flow remain unaffected by the forecast increase. Free cash flow is still expected to be significantly lower in 2022 than in the previous year (previous year €111.5 million). SGL Carbon says the new forecast for fiscal 2022 has been drawn up on the basis of the prevailing market environment and assumes no deterioration in conditions, in particular due to the war in Ukraine and its consequences for the global economy. In particular, it is assumed that sufficient electricity and gas will be available and production lines will remain in operation. The communicated medium-term targets up to 2025 remain unaffected by the forecast adjustment. SGL Carbon will publish its 2022 half-year figures as planned on August 4, 2022.
SGL Carbon Acquisitions
2 Acquisitions
SGL Carbon acquired 2 companies. Their latest acquisition was SGL Automotive Carbon Fibers on November 27, 2017.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
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11/27/2017 | Acquired | 1 | ||||
11/9/2017 |
Date | 11/27/2017 | 11/9/2017 |
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Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 1 |
SGL Carbon Partners & Customers
10 Partners and customers
SGL Carbon has 10 strategic partners and customers. SGL Carbon recently partnered with Cevotec on December 12, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
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12/15/2020 | Partner | Germany | Cevotec SAMBA Pro Prepreg system added to FPC technology portfolio For example , prior to the installation of the system , SGL Carbon also entered into a development partnership with Cevotec . | 2 | |
4/21/2020 | Client | Germany | SGL Carbon receives contract for battery enclosure from BMW Group SGL Carbon receives contract for battery enclosure from BMW Group . | 1 | |
1/16/2020 | Partner | Belgium | Advanced collaboration for carbon fiber composites Solvay and SGL Carbon partner to create new composites for aerospace . | 2 | |
12/3/2019 | Partner | ||||
12/3/2019 | Partner |
Date | 12/15/2020 | 4/21/2020 | 1/16/2020 | 12/3/2019 | 12/3/2019 |
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Type | Partner | Client | Partner | Partner | Partner |
Business Partner | |||||
Country | Germany | Germany | Belgium | ||
News Snippet | Cevotec SAMBA Pro Prepreg system added to FPC technology portfolio For example , prior to the installation of the system , SGL Carbon also entered into a development partnership with Cevotec . | SGL Carbon receives contract for battery enclosure from BMW Group SGL Carbon receives contract for battery enclosure from BMW Group . | Advanced collaboration for carbon fiber composites Solvay and SGL Carbon partner to create new composites for aerospace . | ||
Sources | 2 | 1 | 2 |
SGL Carbon Team
2 Team Members
SGL Carbon has 2 team members, including current Chief Financial Officer, Benoit Labelle.
Name | Work History | Title | Status |
---|---|---|---|
Benoit Labelle | Chief Financial Officer | Current | |
Andreas Wuellner | President | Former |
Name | Benoit Labelle | Andreas Wuellner |
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Work History | ||
Title | Chief Financial Officer | President |
Status | Current | Former |
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