SGL Carbon Demonstrates Stability Amid Market Volatility

SGL Carbon has reported stable business development despite a volatile market environment. The company recorded consolidated sales of €538.0 million in H1 2024, a 4.0% decline from H1 2023, but saw an improvement in the adjusted EBITDA margin, which rose from 15.7% to 16.1%. This was mainly due to strong performance in the semiconductor market.

While the Graphite Solutions and Process Technology units performed well, Carbon Fibers continued to face weak demand, impacting overall sales and profitability. CEO Dr. Torsten Derr noted that, despite challenges in the automotive sector, the company expects to meet its fiscal year 2024 forecast at the lower end of the range.

The outlook remains cautious, with the semiconductor industry's high inventory levels affecting demand. CFO Thomas Dippold highlighted ongoing strength in the demand for silicon carbide-based semiconductors used in electric vehicles, despite a slowdown expected in the latter half of 2024.