Q3 2024 SGL Carbon SE Earnings Call Transcript
Key Points
- SGL Carbon SE (SGLFF) maintained a stable EBITA pre of EUR127.6 million, only a 1.8% drop from the previous year, despite a decline in sales.
- The Process Technology segment showed remarkable growth, with sales up by 11% and EBITA pre increasing by 46.3%, reaching a margin of 24.1%.
- Graphite Solutions, the largest business unit, maintained a healthy margin of 25.3%, with a slight sales decline of only 1.4%.
- The company has a positive free cash flow of EUR15.5 million, despite a decrease from the previous year.
- SGL Carbon SE (SGLFF) confirmed its guidance for 2024, expecting to meet the lower end of its EBITA range of EUR161 to EUR170 million.
- Overall sales for the first nine months of 2024 were down by 4.8% compared to the previous year, with a like-for-like sales drop of 3.6%.
- The Carbon Fiber business unit experienced a significant decline, with sales down by 12.5% and an EBITA pre loss of EUR7.9 million.
- Composite Solutions saw a 16% drop in sales due to a terminated contract, impacting its EBITA pre by 35%.
- The semiconductor and silicon carbide markets are experiencing a slowdown, with no expected growth in silicon carbide for 2025.
- The company anticipates a non-cash impairment of EUR60 to EUR80 million by year-end, affecting net results and equity.
Yeah, thank you. Welcome and thanks for your participation in our today's conference call about the first nine months, 2024 our board members to there and Thomas Dalt will give you detailed overview about our business development and in particular, a focus on the semiconductor market segment. Then I directly hand over to Thomas Dalt. Thanks.
Thank you, Claudia. It's my pleasure on the first time to welcome you. Secondly, to present the figures for the first nine months of 2024. And what we can say overall at the nine month development, 2024 is exactly in line with what we guided.
So far, you know that we made our guidance a little bit more precise at half year where we said it's going to be at the lower end of our given range when it comes to EBITA pre and this is exactly the way how we develop here. On slide number three, you can see the overall sales and EBITA a development that we have and I think this development that we can show you is exactly as he guided it. We are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
