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SGL Carbon Reports Mixed Q1 2024 Results Amid Semiconductor Growth

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SGL Carbon SE detailed its performance for Q1 2024, highlighting a 3.9% decrease in group sales to €272.6 million despite an adjusted EBITDA increase of 5.0% to €42.1 million. The company attributes the sales dip primarily to weaker demand in its Carbon Fibers division, although significant gains were made in the Graphite Solutions and Process Technology units.

The report noted an impressive 15.6% rise in semiconductor and LED segment revenues within the Graphite Solutions unit, totaling €72.4 million. This growth contributed to an 18.4% increase in the unit's adjusted EBITDA. Conversely, the Carbon Fibers unit experienced a decline, with sales falling by 9.6% due to reduced demand, particularly from the wind industry, and growing competition in the textiles sector.

Additionally, SGL Carbon invested significantly in the expansion of its production capabilities for graphite components used in the semiconductor industry, aligning with the strategic emphasis on this growing market. The company confirmed its financial outlook for 2024, expecting sales to match the previous year's levels and adjusted EBITDA to range between €160 million and €170 million.

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