SGL Carbon to Restructure Carbon Fibers Unit Amid Financial Challenges

SGL Carbon has announced a strategic decision to restructure its Carbon Fibers business unit following significant financial losses. The company plans to streamline operations by focusing on profitable core activities and potentially closing unprofitable sites. Despite these changes, the joint venture Brembo SGL Carbon Ceramic Brakes S.p.A. will remain unaffected.

Operating losses in 2023 and 2024 have prompted this move. Preliminary figures for 2024 indicate a decrease in sales, reaching approximately €210 million, with an adjusted EBITDA of minus €27 million. The overall sales for SGL Carbon Group were approximately €1,026 million, reflecting a challenging market environment.

SGL Carbon anticipates one-time restructuring costs of €50 million over the next two years. The company aims to implement these changes swiftly to mitigate ongoing financial setbacks. Final figures and further details will be disclosed in the annual report scheduled for March 2025.