SGL Carbons consolidated sales amounted to 241.5 million in the first quarter (Q1/2020 246.8 million), representing a slight decline of 2%. Currency adjusted, sales were on a par with the prior-year level. SGL Carbons sales performed differently across the customer industries in the first quarter. In the Automotive lightweight construction sector and in the Semiconductor industry, the company benefited from a recovery in economic activity. In contrast, especially the development in the late-cyclical graphite business for Industrial Applications as well as SGL Carbon's solutions business for the Chemical Industry continued to suffer from pandemic-related weaknesses. However, the order intake in the Chemicals segment in recent months is showing signs of a noticeable recovery.
On the earnings side, the company was able to further improve its key figures in the first quarter. EBITDA pre rose by 14% to 33.0 million in the reporting period (Q1/2020 29.0 million). EBIT also increased significantly to 17.0 million compared to 6.4 million in the first quarter of 2020. In addition, the company now also achieved a positive net result of 6.1 million again compared to minus 4.3 million in the prior-year period.
The consistent further implementation of the restructuring and transformation program made a contribution to the positive earnings development. It is proceeding according to plan in all areas. With a total of over 700 measures in the areas of purchasing, personnel, operations and service functions, we are making steady progress across all sites. As part of the restructuring, headcount will be reduced as well. More than 60% of the planned personnel measures were already implemented at the end of the quarter.
In addition, SGL Carbon continued to clearly focus on improving liquidity and reducing debt in the first quarter. As a result, liquidity of 168.6 million as of March 31, 2021 developed positively compared to the end of the year ( 141.8 million). Free cash flow from continuing operations was positive at 24.1 million. SGL Carbons net financial debt decreased by 5% to 271.5 million as of March 31, 2021 (year-end 2020 286.5 million).
"Our first quarter results show that we are delivering despite the continued headwinds in some of our markets. One key element of this progress is our global restructuring and transformation program, in which we are making very good progress. Also operationally, there are already some areas at SGL Carbon that are seeing increasing demand again and are now coming strengthened out of the crisis. In addition, we are now pursuing a clear margin before volume strategy with which we are focusing on profitability. We fully confirm our guidance for the full year 2021," explains Dr. Torsten Derr, CEO of SGL Carbon.
Profitability improvedThe financial result improved from minus 9.4 million in Q1/2020 to minus 6.4 million in the reporting period. In particular, lower interest expenses for pensions and lower effects for the compounding of liabilities, as well as foreign currency valuations of intercompany loans led to this positive development.
Due to the increase in EBIT and the improved financial result, earnings before income taxes increased from minus 3.0 million in the prior-year period to 10.6 million in the reporting period.
Segment ReportingSince January 1, 2021, SGL Carbon has been managing its operating business in four business units, each having a homogeneous business model and clearly defined responsibility for earnings. The former reporting segment Composites - Fibers & Materials (CFM) has been broken down into the units Carbon Fibers (CF) and Composite Solutions (CS). The former reporting segment Graphite Materials & Systems (GMS) has been split into Graphite Solutions (GS) and Process Technology (PT). The reporting segments as presented below directly derive from the new business units.
Reporting segment Graphite Solutions (GS): Dynamic demand from the semiconductor sector Sales development in the reporting segment Graphite Solutions (GS) in the first quarter of 2021 was slightly below the previous years level by around 3% (currency adjusted no change) at 108.3 million, but slightly above our expectations.
The Battery & Other Energy market segment showed stable development compared with the previous year. In addition, an expected positive sales and earnings effect of around 9 million is included in this market segment in the first quarter of 2021 from the early termination of a contract. The contract termination agreed in March will lead to a corresponding compensation payment, which will be received in the second quarter. The LED & Semiconductor market segment was able to increase sales significantly. In contrast, demand from the Industrial Applications market segment declined significantly in the first quarter of 2021.
Compared with the good prior-year quarter (Q1/2020 20.8 million), EBITDA pre increased by 10% to 22.9 million in the reporting quarter, mainly as a result of the financial compensation. This led to a temporary increase in the EBITDA margin to 21.1% (Q1/2020 18.6%). In line with the sales development, the Battery & Other Energy and LED & Semiconductor market segments recorded an increase in earnings, while earnings in the Automotive & Transportation market segment increased due to productivity improvements. All other market segments recorded a decline in earnings compared to the prior-year quarter due to lower demand.
Reporting segment Process Technology (PT): Incoming orders from the Chemical Industry point to recoverySales in the reporting segment Process Technology (PT) declined significantly in the first quarter by 16% (currency adjusted minus 18%) to 19.3 million (Q1/2020 23.0 million). The main reason for this was the decline in order intake from all three regions (Asia, Europe and North America) in the p
Europe Stories
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
02/05/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
01/05/2026
January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...
01/04/2026
January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION
Douyin Users Can Now Create And Share Videos With Stun...
13/03/2026
Spotify has always been built around your taste. More than 80% of listeners say personalization is what they love most about us. Now we're taking that even ...
13/03/2026
The new Spotify Legends Club has opened its doors. Its members: select German-sp...
13/03/2026
Pushing drum sampler technology into new territories
The latest version of Klevgrand's software drum sampler has just arrived, boasting a newly designe...
13/03/2026
Expanded headphone support & engine improvements
IK Multimedia's recently introduced ARC On-Ear system brings the power of their monitoring-correction s...
13/03/2026
Extra sound collections, more presets & new Keys category
UVI's rhythm and pattern instrument has just received a major update that introduces four new ...
13/03/2026
13 Mar 2026
VEON Delivers Record Digital Growth: 4Q25 Digital Revenues Grow 84%...
13/03/2026
Friday 13 March 2026
Sky Adds Blood on Snow to Original Film Slate in Acquisiti...
13/03/2026
RT has announced today that Rick O'Shea is the new presenter of Arena RT Radio 1's flagship weeknight arts and culture programme. Rick has been pres...
13/03/2026
Lights! Camera! Action! The 98th Oscars set to air live as RT backs the Irish n...
12/03/2026
Staines-upon-Thames, UK, 11th March, 2026 - Yospace, the trusted leader in Dyna...
12/03/2026
In Latin America, women are shaping music and defining its future. To kick off t...
12/03/2026
En Am rica Latina, las mujeres est n moldeando la m sica y definiendo su futuro....
12/03/2026
Let's turn back the clock 20 years: The music landscape was a world away fro...
12/03/2026
Bad Bunny is no stranger to Spotify's Billions Club. In fact, he has a whopp...
12/03/2026
Spotify was at the London Book Fair this week, joining conversations across the publishing industry about how people can make reading part of their daily lives....
12/03/2026
Mastering tool improves mono compatibility
Tokyo Dawn Labs' Ohlhorst Digital range is a series of mastering-focused plug-ins developed by Jan Ohlhorst, ...
12/03/2026
Wave FX processor integrated into four products
Lewitt have teamed up with Elgato to create a new processor for the company's Wave Next product range, i...
12/03/2026
Free tool for annotating audio files
Mix Notes is a new, free iOS App that provides users with a simple way to annotate their audio files. It's been cre...
12/03/2026
Side-chain ducking tool gets an upgrade
Devious Machines' popular side-chaining and envelope-shaping tool has just been kitted out with an improved enve...
12/03/2026
Ceremony to take place on 16 April 2026
The MPG (Music Producers Guild) have revealed the full shortlist for this year's MPG Awards, which will be takin...
12/03/2026
Emulates three classic dbx 160 variants
The latest arrival to Overloud's Gem Series plug-in range faithfully recreates not one, but three versions of th...
12/03/2026
New granular soft synth announced
Said to be their most advanced software synthesizer to date, Baby Audio's latest release has been built on a new granu...
12/03/2026
Latest version now live!
Edit 11 March 2026 - Bitwig Studio 6 is now live, and available for all to download!
The latest version of Bitwig's DAW softwa...
12/03/2026
Latest free eBook now available!
Designed for recording engineers, audio-technology students and technically minded musicians, our latest free eBook deliver...
12/03/2026
Rohde & Schwarz Cybersecurity expands SITLine network encryptor portfolio - more...
12/03/2026
Rohde & Schwarz to showcase future-proof EMC testing solutions at EMV 2026 Rohde & Schwarz will participate in EMV 2026, Europe's premier trade fair and c...
12/03/2026
Modern media operations demand a platform that unites automation, orchestration, and human oversight without compromise. In this post, we explore the six key te...
12/03/2026
A deep dive into the platform
Architecture The Blue Lucy platform follows a distributed microservices architecture, meaning the overall operational capability...
12/03/2026
Orchestration platform enables broadcasters to deploy multiple AI models safely with full auditability, rights protection, and regulatory oversight.
LONDON, En...
12/03/2026
Wuppertal March 12, 2026
Riedel Expands Managed Technology Division in the Ame...
12/03/2026
Advanced Media Server Delivers Double the Channel Density at Half the Cost per C...
12/03/2026
The Late Late Show Show St Patrick's Day special
Dancing with the Stars f...
11/03/2026
First Medium-Earth Orbit (MEO) deployment of the emergency.lu platform for refugees and their host communities' use provides dependable broadband for humani...
11/03/2026
Following a successful first series, UKTV today announces the commission of two ...
11/03/2026
Wednesday 11 March 2026
Sky and CANAL launch new partnership to develop English-language drama
Sky and CANAL are today announcing a strategic co commissioni...
11/03/2026
NTCA, Cartesian Release New Report on the Business Case for USF
March 11, 2026
Network Economics
News
NTCA - March 11, 2026 - As the FCC and Congr...
11/03/2026
TELL US YOUR (SHORT) STORIES
The 2026 RT Short Story Competition is now open for entries
Recognising and rewarding the best new Irish fiction writing for...
11/03/2026
RT 's The Traitors Ireland is among the nominees for the 2026 Celtic Media Festival Torc Awards for Excellence, announced today....
10/03/2026
10 Mar 2026
VEON's Largest Market Pakistan Almost Triples Mobile Spectrum i...
09/03/2026
Contains all six dual-ensemble libraries
VSL's Duality Strings series offers an intriguing alternative to your average string library, capturing two str...
09/03/2026
Outstanding Contribution To UK Music
Photo: Samuel Bradley
Ahead of their upcoming MPG Awards, the Music Producers Guild (MPG) have revealed the latest win...
09/03/2026
Two new high-quality DI boxes announced
Boasting some impressive technical specifications and versatile routing options, Strymon's latest active DI boxe...
09/03/2026
Latest MPE-capable Soundbox library released
The follow-up release for Sonora Cinematic's Pure Nylon has arrived, and becomes the latest addition to the...
09/03/2026
Popular wireless mic head design revived
Sennheiser have revealed that the MD 9235, a cardioid mic head designed to pair up with their handheld wireless sys...
SGL Carbons consolidated sales amounted to 241.5 million in the first quarter (Q1/2020 246.8 million), representing a slight decline of 2%. Currency adjusted, sales were on a par with the prior-year level. SGL Carbons sales performed differently across the customer industries in the first quarter. In the Automotive lightweight construction sector and in the Semiconductor industry, the company benefited from a recovery in economic activity. In contrast, especially the development in the late-cyclical graphite business for Industrial Applications as well as SGL Carbon's solutions business for the Chemical Industry continued to suffer from pandemic-related weaknesses. However, the order intake in the Chemicals segment in recent months is showing signs of a noticeable recovery.
