Sony Pixel Power calrec Sony

SGL Carbon shows stability in a difficult market environment

08/08/2024

Q2 2024 confirms SGL Carbons solid business development in an increasingly volatile market environment. After 272.6 million in Q1 and 265.4 million in Q2, SGL Carbon generated consolidated sales of 538.0 million in the first half of 2024 (H1 2023: 560.5 million). This corresponds to a slight decrease of 4.0% compared to the prior year period; adjusted for currency effects, Group sales decreased by only 2.2%. By contrast, adjusted EBITDA, an important key figure for the Group, remained almost constant year-on-year at 86.5 million (H1 2023: 88.0 million). The adjusted EBITDA margin improved from 15.7% to 16.1%, in particular due to the continued positive sales trend in the Semiconductor market segment and the associated change in the product mix. On the other hand, the persistently weak demand in the Carbon Fibers business unit continued to weigh on the Groups sales and earnings

performance.

The different dynamics in our sales markets are also reflected in the development of our business units. As expected, Graphite Solutions and Process Technology performed well in the first six months of 2024. Due to the termination of a supply contract and weak demand from the automotive industry Composite Solutions was unable to repeat its good figures from the previous year. We do not see any recovery for the business unit Carbon Fibers even after six months in 2024, explains CEO Dr. Torsten Derr.

Taking into account depreciation and amortization of 27.0 million (H1 2023: 29.1 million) as well as one-off effects and non-reccuring items of minus 3.6 million (H1 2023: minus 46.9 million), EBIT for the first half of 2024 amounted to 55.9 million (H1 2023: 12.0 million). The one-off effects and non-reccurring items result, among other things, from the restructuring measures for the Carbon Fibers and Battery Solutions activities. When comparing the previous year, it should be noted that the first half of 2023 was disproportionately impacted by the impairment on the assets of Carbon Fibers ( 44.7 million).

Development of the business unitsThe Graphite Solutions business unit generated sales of 284.2 million in the first half of 2024, up slightly by 1.3% on the same period of the previous year (H1 2023: 280.6 million). The continued double-digit percentage increase in sales with customers from the semiconductor industry was almost completely offset by the decline in demand in the Battery Materials, Solar and Industrial Applications market segments.

With an increase in sales of 16.4 million or 13.1% compared to the same period of the previous year, the LED and Semiconductors market segment in particular contributed to the positive development of Graphite Solutions and now represents around 50% of Graphite Solutions total sales (H1 2023: around 45%). The most important sales segment here are customers from the silicon carbide-based semiconductor sector, which recorded an increase in sales of more than 20% in the first half of 2024.

The adjusted EBITDA of Graphite Solutions rose disproportionately to sales by a significant 10.9% to 72.2 million in the first half of the year (H1 2023: 65.1 million). Accordingly, the adjusted EBITDA margin also increased accordingly from 23.2% to 25.4% in the first half of the year.

The Process Technology business unit once again improved on the previous years good sales and earnings figures. With an increase in sales of 8.5% to 69.9 million (H1 2023: 64.4 million), the business unit continued its successful business development. Process Technology is benefiting from its global orientation with locations in North America, Europe and Asia. The high capacity utilization also led to a significant improvement in adjusted EBITDA from 11.9 million to 16.0 million in the first half of 2024. The EBITDA margin rose accordingly from 18.5% in the first half of 2023 to 22.9%.

In the first half of 2024, sales in the Carbon Fibers business unit amounted to 110.1 million and were therefore below the figure of 125.1 million in the same period of the previous year. The decline was due in particular to persistently weak demand from the wind industry. In the first half of 2024, global overcapacity for products in the market segments Textile Fibers, Industrial Applications and Transportation also led to a low double-digit percentage decline in sales. The adjusted EBITDA of Carbon Fibers fell accordingly by 10.5 million to minus 4.4 million (H1 2023: 6.1 million). The lack of fixed cost absorption due to temporarily closed production lines led to high idle capacity costs and, combined with falling margins for commodity products, had a correspondingly negative impact on adjusted EBITDA. It should be noted that the adjusted EBITDA of the Carbon Fibers business unit includes an earnings contribution of 7.7 million from the joint venture BSCCB, which is accounted for At-Equity (H1 2023: 11.0 million).

Revenue in the Composite Solutions business unit decreased by 16.0% to 66.9 million in the first half of 2024 (H1 2023: 79.6 million). The decline is due in particular to the termination of a project-related supply contract with an automotive customer. The lower sales figures for electric vehicles also had a noticeable impact on demand. The Automotive market segment is the dominant customer segment, accounting for 93% of Composite Solutions half-year sales. As a result of lower sales volumes, the adjusted EBITDA of Composite Solutions fell significantly by 34.1% year-on-year to 8.1 million (H1 2023: 12.3 million). The adjusted EBITDA margin weakened accordingly from 15.5% in H1 2023 to 12.1%.

Debt, equity and capitel expenditureNet financial debt as at June 30, 2024 increased slightly by 3.1% to 119.4 million (December 31, 2023: 115.8 million). The leverage factor remained unchanged at 0.7. Due to the positive Group result, the equity ratio increased slightly co
LINK: https://www.sglcarbon.com/en/newsroom/news/press-report/sgl-carbon-sho...
See more stories from sgl

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

07/10/2026

Dalet Flex LTS Delivers Smarter Media Operations from Ingest to Distribution

Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...

06/09/2026

Dolby and MagentaTV Bring Fans Closer to the FIFA World Cup 2026 in Germany with Dolby Vision and Dolby Atmos

June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...

12/08/2026

Op-Ed: The Versioning Playbook - How Rights Holders are Getting More From Live Events

Traditional live sports production has focused on creating the best possible pro...

12/08/2026

IBC 2026: FOR-A to Demonstrate Production and Processing Solutions

FOR-A will showcase a range of broadcast and production products at IBC2026 (Stand 2.B53, Amsterdam RAI, September 11-14), including software-based switching, A...

12/08/2026

IBC 2026: AMWA and EBU to Demo NMOS BCP-008 Multi-Vendor IP Status Reporting

The Advanced Media Workflow Association (AMWA) and EBU will host live demonstrations of NMOS BCP-008 Minimum Status Reporting at IBC2026 (September 11-14) on th...

12/08/2026

IBC 2026: Dalet Launches Solution Suites for Media Production and Archive Management

Dalet has announced Dalet Solution Suites, a portfolio of cloud-native solutions...

12/08/2026

Net Insight Enables Centralized Remote Production of Blinkfestivalen 2026 for NRK

Net Insight has announced that DMC Production Norway has selected its Open Live ...

12/08/2026

Zixi Appoints Alyson Stewart as Senior Director of Sales

Zixi has appointed Alyson Stewart as Senior Director of Sales. Stewart will be responsible for direct sales and partnerships, with a focus on broadcasters, medi...

12/08/2026

LiveU Powers Host Broadcast Operations at 2026 Glasgow Games

LiveU's LU900Q intelligent production unit was deployed as part of the host broadcast operation for the Games in Glasgow (July 23-August 2, 2026). Host broa...

12/08/2026

Disney+ and ESPN Acquire Multi-Year Formula E Rights Beginning 2026/27 Season

Disney , ESPN, and Formula E have announced a multi-year deal bringing all Formula E races to Disney and ESPN in the U.S. and to Disney in most international...

12/08/2026

PSSI Launches X-LIVE Managed Service for Live Event Transmission

PSSI has launched X-LIVE, a managed service offering dedicated engineering resources and Appear encoding infrastructure for live event signal processing and tra...

12/08/2026

MoonPay X Games League Draws 18.3 Million Viewers in Inaugural Summer Season

The inaugural MoonPay X Games League Summer Season reached 18.3 million unique live viewers across three stops on ABC and ESPN, a 78.5% increase compared to the...

12/08/2026

IBC 2026: BBright Adds RIST Support to IP-Gateway

BBright will showcase an expanded IP-Gateway at IBC2026, adding support for all RIST profiles to its existing support for MPEG Transport Stream over IP with SMP...

12/08/2026

IBC 2026: BBright Adds EBU OGraf Graphics Support to UHD and ST 2110 Playout Platform

BBright will demonstrate EBU OGraf animated graphics support in its software-bas...

12/08/2026

Interra Systems to Showcase QC and Monitoring Solutions at SET Expo 2026

Interra Systems will demonstrate its ORION, BATON, BATON Captions, and VEGA solutions at SET Expo 2026 (August 17-20, Distrito Anhembi, S o Paulo) at partner Li...

12/08/2026

DPA Microphones Appoints Raul Contreras as West Coast Regional Sales Manager

DPA Microphones has appointed Raul Contreras as West Coast Regional Sales Manager. In the role, Contreras will oversee sales and customer relationships througho...

12/08/2026

Save the Date: SVG LIVE! Returns to LA Nov. 10 to Spotlight Sports & Entertainment Production

Live spectacles ranging from the Super Bowl and FIFA World Cup to the Oscars and...

12/08/2026

Love, Separation, and the Cost of Comfort in How to Divorce During the War

Writer-Director Andrius Bla evi ius and crew attend the premiere of How to Divorce During the War at The Ray Theatre on January 26, 2026, in Park City, UT. (P...

12/08/2026

SSL 360 gets a major update

Enhanced DAW & plug-in control for the UC1, UF8 and UF1 The software that powers SSL's range of control surfaces has just received a major update that d...

12/08/2026

Triton Audio launch the Tilt EQ

In-line preamp features one-knob EQ In addition to their range of in-line preamps, Triton Audio recently managed to squeeze a compressor into an enclosure t...

12/08/2026

AudioRoute from Arvital Audio

Captures system audio with or without a DAW Depending on your setup, capturing system audio in a DAW can be a tedious process, so much so that Arvital Audio...

12/08/2026

2026 NATIONAL NAIDOC AWARDS TO BROADCAST ON NITV LIVE AND DIRECT FROM MPARNTWE

2026 NATIONAL NAIDOC AWARDS TO BROADCAST ON NITV LIVE AND DIRECT FROM MPARNTWE 12 August, 2026 Media releases First Nations excellence will be celebrated l...

12/08/2026

More than six million sports fans stay with SBS for Tour de France and Tour de France Femmes Avec Zwift

More than six million sports fans stay with SBS for Tour de France and Tour de F...

12/08/2026

Nielsen Introduces Groundbreaking Streaming Ad Measurement in Brazil

Nielsen is cementing Digital Ad Intel as the new go-to currency for digital ad intelligence in Brazil-now with streaming monitoring in the mix. S o Paulo, Augu...

12/08/2026

LPTV Advocates Petition FCC for Voluntary 5G Broadcasts

Share Copy link Facebook X Linkedin Bluesky Email...

12/08/2026

Tubi Media Group Inks Content Discovery Deal with Gracenote

Share Copy link Facebook X Linkedin Bluesky Email...

12/08/2026

Matrox Video Showcases IP-Based and Software-Defined Tech...

As Matrox Video celebrates 50 years of trusted innovation, the company will showcase its portfolio of interoperable IP technologies and software-defined innovat...

12/08/2026

SMPTE Showcases AI and Open Media Workflows and Industry...

SMPTE, the home of media professionals, technologists and engineers, today announced a program of expert-led sessions, professional workshops and networking eve...

12/08/2026

Berklee Announces Full Details for Inaugural Block Party, a Music Festival Next to Fenway Park

Berklee Announces Full Details for Inaugural Block Party, a Music Festival Next ...

12/08/2026

ACLU Requests ABC Station Probe Documents from FCC

Share Copy link Facebook X Linkedin Bluesky Email...

12/08/2026

Roger Keating To Retire from Hearst Television

Share Copy link Facebook X Linkedin Bluesky Email...

12/08/2026

Netflix Closes U.S. Upfronts, Nearly Doubles Ad Commitments

Share Copy link Facebook X Linkedin Bluesky Email...

12/08/2026

CBS Pittsburgh Debuts New AR/VR News Studio

Share Copy link Facebook X Linkedin Bluesky Email...

12/08/2026

Matthews Intros T-Go Extreme Rigging Solutions

Matthews Studio Equipment introduces T-Go Mounting Solutions extreme camera rigging systems, engineered for the most demanding environments in motion picture pr...

12/08/2026

Anton Bauers EDEN Becomes Only Mobile Power Station in it...

Anton/Bauer, a Videndum brand and the industry leader in mobile power solutions for broadcast and cinematic production, announces that the EDEN Mobile Power Sta...

12/08/2026

TAG Video Systems Cuts Hardware Costs for Customers with...

TAG Video Systems, the global leader in software-based IP monitoring and multiviewer solutions, today announced a memory usage optimization that lowers the tota...

12/08/2026

Unified Streaming Launches Trusted Media - C2PA in Dynami...

Unified Streaming announces Trusted Media, a new solution that enables broadcasters, streaming platforms, and premium content owners to attach verifiable authen...

12/08/2026

Tedial Powers the AI-Driven Media Supply Chain at IBC 202...

Combining intelligent automation, composable business services and user-centric experiences The media industry is entering a new phase where AI intelligence is...

12/08/2026

DPA Microphones Appoints Raul Contreras as West Coast Reg...

DPA Microphones welcomes Raul Contreras as its new West Coast Regional Sales Manager. In this role, Contreras will oversee sales and customer relationships thro...

12/08/2026

Weather is Not a Factor for Marshall Electronics New CV57...

Marshall Electronics' first all-weather, all-IP 4K POV camera, the CV574-WP, makes its European debut at IBC 2026 (Stand 10.C11). Built for the elements, th...

12/08/2026

A double off-switch helps cells respond to stress

LA JOLLA, CA-Scientists at Scripps Research have discovered that two seemingly unrelated cellular enzymes become locked together during times of stress, simulta...

12/08/2026

New Bookshop opening in London that offers new identities, not books, with free cover stories for all

NEW BOOKSHOP OPENING IN LONDON THAT OFFERS NEW IDENTITIES, NOT BOOKS, WITH FREE ...

12/08/2026

Live from London, its Saturday night! Saturday Night Live UK returns on 12 September

Brand-new trailer unveiled as Sky announces SNL UK ticket ballot will open on 14...

12/08/2026

Sky Sports agrees deal to show Laver Cup from Londons O2

Wednesday 12 August 2026 Sky Sports agrees deal to show Laver Cup from London's O2 Sky Sports has agreed a deal with Trident8 to show all three days of th...

12/08/2026

Pre-order the new Google Pixel 11 range from today and save up to 937 on Sky Mobile

Wednesday 12 August 2026 Pre-order the new Google Pixel 11 range from today and...

12/08/2026

NVIDIA CEO Tops Glassdoor's 2026 List of Best CEOs

NVIDIA founder and CEO Jensen Huang is ranked No. 1 on Glassdoor's Best CEOs list for 2026. In the just-released ranking, recognition is earned directly fr...

11/08/2026

Apple To Bring Friday Night Baseball Live to Apple Immersive on Vision Pro Beginning Aug. 28

Weekly immersive broadcasts will feature 8K 3D video, a 180-degree field of view...

11/08/2026

Looking for a New Cameraperson? ProductionHUB Guide Lays Out Considerations, Pitfalls

By Briana Brady, Social Media Manager, Production Hub Sports content is having ...

11/08/2026

SVG Sit-Down: Backlight CEO Kathleen Barrett on Building Media Infrastructure for a Global, AI-Driven Sports Landscape

She addresses why media organizations need more than asset storage, how sports t...