Hesse: SGL Carbon with growth in sales and earnings

Wiesbaden (dpa/lhe) - The business of the carbon fiber specialist SGL Carbon continues to grow after the restructuring of the group.

Hesse: SGL Carbon with growth in sales and earnings

Wiesbaden (dpa/lhe) - The business of the carbon fiber specialist SGL Carbon continues to grow after the restructuring of the group. The company announced on Thursday in Wiesbaden that sales had climbed by more than ten percent to EUR 549.8 million in the first half of the year. Above all, customers from the semiconductor industry and the recovery in the market segment for industrial applications contributed to the growth. Demand from the automotive and chemical industries has also developed positively.

Earnings from interest and taxes (EBIT) increased from EUR 38.3 million in the first six months of the previous year to EUR 69.6 million. The bottom line is that SGL Carbon reported consolidated earnings of EUR 48.8 million after EUR 17.9 million in the first half of the previous year. A total turnover of 1.1 billion is targeted for the current year. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) should be between 130 million and 150 million euros.

The car manufacturers BMW and VW as well as BMW's major shareholder Susanne Klatten have shares in the Wiesbaden-based carbon fiber specialist SGL Carbon through their investment company Skion.

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