SGL Carbon SE (XTER:SGL)
€ 7 0.05 (0.72%) Market Cap: 855.90 Mil Enterprise Value: 942.50 Mil PE Ratio: 21.75 PB Ratio: 1.36 GF Score: 73/100
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Q3 2019 SGL Carbon SE Earnings Call Transcript

Nov 05, 2019 / 01:00PM GMT
Release Date Price: €4.6 (+2.22%)
Operator

Ladies and gentlemen, thank you for standing by. I am Emma, your Chorus Call operator. Welcome to SGL Carbon investor and analyst conference call. (Operator Instructions)

I would now like to turn the conference over to Dr. Michael Majerus. Please go ahead, sir.

Michael Majerus
SGL Carbon SE - CFO & Member of Management Board

Yes, thank you very much. And first of all, welcome to all participants of the call. As usual, I will walk you through our conference call chart and will be afterwards available for your questions.

So let's start with the results of our first 9 months. So as usual, we start with the individual business unit. Here was CFM, our Composites - Fibers & Materials, after sequential improvement in the second quarter, we had a significant decline in the third quarter, which was due to the market segment Textile Fibers, Industrial Applications and Wind Energy. So sales was much more than EUR 328.6 million, slightly above previous year 2%, currency adjusted 1%.

However, this was mainly driven by the strong market

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