Q4 2025 SGL Carbon SE Earnings Call Transcript
Key Points
- SGL Carbon SE (SGLFF) successfully restructured its carbon fiber business, closing unprofitable sites and focusing on a profitable core, resulting in a positive EBITDA turnaround.
- The company managed to maintain a healthy EBITDA pre-margin of EUR 15.9 million despite a significant drop in sales, showcasing effective cost-saving measures.
- SGL Carbon SE (SGLFF) has a strong balance sheet with a leverage ratio of 0.7 times and a healthy equity ratio of 39.2%, indicating financial stability.
- The company has outlined a clear growth strategy, SGL Growth 2030, focusing on established markets, new applications, and innovations, aiming to reach EUR 1 billion in sales by 2030.
- SGL Carbon SE (SGLFF) is largely hedged against energy price fluctuations, with an 80% hedging ratio for electricity and gas in high energy-intensive locations for 2026.
- SGL Carbon SE (SGLFF) experienced a 17.2% drop in sales in 2025, primarily due to the restructuring of its carbon fiber business and challenges in the semiconductor industry.
- The Graphite Solutions unit saw an 18% decline in sales, heavily impacted by the downturn in the silicon carbide business, leading to a 38% drop in EBITDA.
- The Process Tech unit experienced a decline in sales and EBITDA, with expectations of continued sluggish performance in 2026 due to a downturn in the chemical industry.
- The Composite Solutions unit faced a 37% drop in EBITDA, struggling with delayed projects and lower-than-expected order quantities in the automotive sector.
- SGL Carbon SE (SGLFF) anticipates lower sales and EBITDA pre in 2026, with uncertainties in the geopolitical environment and potential impacts from currency fluctuations.
Good morning, and a very warm welcome to our conference call today. We would like to give you an overview about fiscal 2025, but also a detailed outlook and our expectations for the current fiscal year and above all, our new strategy. Andreas Klein, our CEO; and Thomas Dippold, our CFO, will lead the presentation and will be available for your questions after the presentation. But let's get started.
Thomas, it's your turn.
Thanks so much. This is Thomas Dippold. It's a pleasure to have you all in this call on the details of 2025. We split the presentation. I will guide you through our figures for 2025, and Andreas then will take over and introduce our new strategy and our Growth 2030, but first, starting with how we ended up in 2025.
On slide number four, you see our overall profitability performance for the year. As you all know, 2025 has been a difficult year for SGL Carbon.
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