As expected, continued weak demand from key sales markets and declining economic expectations are weighing on SGL Carbons sales and earnings performance in the first quarter 2025. After three months of fiscal 2025, SGL Carbon generated sales of 234.3 million. This was 14.0% below the previous year (Q1 2024: 272.6 million). Consolidated sales were mainly impacted by weak demand in the Semiconductor & LED market segment, which contributed the majority of the 38.3 million decline in consolidated sales with a 30.0 million drop in sales compared to the same quarter of the previous year.
Based on the significantly lower sales, particularly of higher-margin products for the semiconductor industry, SGL Carbons adjusted EBITDA decreased by 20.4% to 33.5 million compared to the first quarter of the previous year (Q1 2024: 42.1 million). Accordingly, the adjusted EBITDA margin declined from 15.4% to 14.3%.
Sales figures for electric vehicles have risen slightly again in recent weeks. This is basically a good sign for our graphite business. However, weak demand from our semiconductor customers confirms our assumption that demand for specialty graphite products for the manufacture of silicon carbide-based semiconductors will not pick up again until the high inventories in the entire semiconductor value chain have been reduced, explains Andreas Klein, CEO of SGL Carbon.
With depreciation and amortization remaining almost unchanged at 12.8 million (Q1 2024: 13.0 million), EBIT for the first quarter of 2025 was primarily impacted by one-time effects and special items of 17.3 million. This was due to the restructuring of the Carbon Fibers business unit (Q1 2024: 2.5 million). EBIT decreased accordingly from 26.6 million in the same quarter of the previous year to 3.4 million.
Development of the business unitsThe Graphite Solutions (GS) business unit reported sales of 116.7 million in the first quarter of 2025, down 17.4% on the same quarter of the previous year (Q1 2024: 141.3 million). The majority of the decline in sales is attributable to weaker demand in the Semiconductor & LED market segment, which recorded a significant drop in sales of 41.4% ( 30.0 million). The most important customer group here are customers from the silicon carbide-based semiconductors segment, who, as in the second half of 2024, demanded significantly less products in the first quarter of 2025 than in the same periods of the previous year. This is mainly due to electromobility, where growth expectations have declined compared to earlier forecasts, leading to temporarily high inventories at our customers.
The decline in sales had a negative impact on Graphite Solutions adjusted EBITDA. Compared to the previous quarter, adjusted EBITDA fell by 41.0% to 21.6 million (Q1 2024: 36.6 million). This was mainly due to the decline in volume of high-margin products for the semiconductor industry and lower capacity utilization in our production facilities. The adjusted EBITDA margin decreased significantly quarter-on-quarter to 18.5% (Q1 2024: 25.9%).
The Process Technology (PT) business unit confirmed the positive development of the previous year with a 10.6% increase in sales to 36.5 million (Q1 2024: 33.0 million). This encouraging increase was driven in particular by major projects for international customers and a good order situation in the service business. Based on higher capacity utilization and an attractive product mix, adjusted EBITDA for Process Technology improved from 6.9 million in the same quarter of the previous year to 11.0 million. Correspondingly, the adjusted EBITDA margin developed positively, rising from 20.9% to 30.1% in the first quarter of 2025.
Sales in the Carbon Fibers (CF) business unit amounted to 46.7 million in the first quarter of 2025, down from 57.6 million in the same quarter of the previous year. The decline of 10.9 million (-18.9%) is primarily attributable to the further decline in demand from the wind industry and the associated capacity adjustment in the carbon fiber business.
The reduction in logistics, personnel, and energy costs as part of the capacity adjustments had an initial positive impact, leading to an improvement in adjusted EBITDA for the CF business unit of 4.0 million to minus 1.2 million (Q1 2024: minus 5.2 million). It should be noted that the activities accounted for at equity, in particular the joint venture Brembo SGL Carbon Ceramic Brakes (BSCCB), made a positive contribution of 1.7 million to the adjusted EBITDA of the CF reporting segment.
Sales in the Composite Solutions (CS) business unit declined by 19.4% to 29.9 million in the first quarter of 2025 (Q1 2024: 37.1 million). The decline is primarily due to the expiry of a project-related contract with an automotive customer, whose sales were still included in the first quarter of the previous year. As a result of lower volumes and the associated lower capacity utilization, adjusted EBITDA for CS decreased by 2.8 million to 2.7 million compared to the previous quarter (Q1 2024: 5.5 million). Based on the loss of the high-margin customer contract and increasing price pressure from the automotive industry, the adjusted EBITDA margin decreased from 14.8% in the same period of the previous year to 9.0% in Q1 2025.
Restructuring Carbon Fibers business unit About three months ago, we informed about the upcoming restructuring of the Carbon Fibers business unit, which also includes the closure of unprofitable business activities and sites. The first measures already implemented included further global capacity reductions and associated personnel and cost adjustments. On May 5, 2025, we informed the workforce at our Lavradio site about the phased closure of production, reports Dr. Stephan B hler, member of the SGL Carbon Board of Management responsible for this business unit. Lavra
Most recent headlines
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
07/08/2025
July 8 2025, 22:30 (PDT) Tata Motors & Dolby Bring Dolby Atmos to Harrier.ev, R...
12/07/2025
As the death toll continues to mount, with at least 120 killed and more than 170 people still missing on July 10 from devastating Texas floods, a number of broa...
12/07/2025
EL SEGUNDO, Calif., and MIAMI -DirecTV and TelevisaUnivision have signed a deal that will make the ad-supported premium subscription tier of ViX, ViX Premium wi...
11/07/2025
PARK CITY, UTAH, July 11, 2025 - The nonprofit Sundance Institute announced today the 11 producers chosen for its annual Producers Labs, returning to Ucross Fou...
11/07/2025
If you've ever wondered what might be playing in Clark Kent's headphones...
11/07/2025
L3Harris Technologies President of Intelligence, Surveillance and Reconnaissance Jason Lambert and General Manager of L3Harris Waco facility Sean Ling held a ce...
11/07/2025
ARLINGTON, Va. WETA, the flagship public media station in the national capital area, has launched WETA+, a new streaming service tailored for the local Washingt...
11/07/2025
The Federal Communications Commission has emerged as one of the central players in the broadcast TV landscape in 2025, with its deregulatory policies sparking h...
11/07/2025
Calrec will introduce usability, customization and system enhancements across its entire range of Argo consoles during IBC2025, Sept. 12-15, at the RAI Amsterda...
11/07/2025
LONDON Encompass Digital Media said it will support live and on-demand viewing of the 2025 FIFA Club World Cup across multiple global regions for sports enterta...
11/07/2025
Two-thirds of broadcast engineers reaped the benefits of a pay raise within the last year....
11/07/2025
CARY, N.C. SmallHD has launched the Quantum 27, a new 26.5-inch Quantum-Dot OLED monitor designed to deliver postproduction image quality in a compact, set-frie...
11/07/2025
The Federal Communications Commission's Enforcement Bureau and Tegna have entered into a consent decree that will settle an investigation into the accidenta...
11/07/2025
WASHINGTON Following news in early July that Paramount had settled President Donald Trump's lawsuit, Sens. Edward J. Markey (D-Mass.) and Ben Ray Luj n (D-N...
11/07/2025
Model/Actriz Performs Lead Single Cinderella on The Late Show with Stephen Colbe...
11/07/2025
Behind the Mic: Amazon Prime Preps for First Season of NBA Action; MSG Networks ...
11/07/2025
SVG New Sponsor Spotlight: Suite Studios' Craig Hering on Adapting to Client...
11/07/2025
2025 SVG Content Management Forum Breaks Down AI's Impact, Continued Transit...
11/07/2025
A Journey HOME: University of Nebraska's HuskerVision Goes IP Leaders from the HuskerVision and Lawo share their IP learnings By SVG Staff
Friday, July 1...
11/07/2025
CMSI, Remote Picture Labs, Ace ESPN's Cloud-Based Editing Efforts for Wimble...
11/07/2025
Netflix Enters the Live-Boxing-Production Ring for Round 2 With Historic Taylor-...
11/07/2025
Back to All News
Too Hot to Handle: Italy Is Coming on July 18 Only on Netflix
Entertainment
11 July 2025
GlobalItaly
Link copied to clipboard
July 11, 20...
11/07/2025
Back to All News
Netflix Will Release Death Inc. Seasons 1, 2 and 3
Entertainment
11 July 2025
GlobalSpain
Link copied to clipboard
Season 1
Season 2
Se...
11/07/2025
AI and Multimedia Authenticity Standards Collaboration launches two papers to guide the future of AI integration, today at the AI for Good Global Summit
The...
11/07/2025
Ceramics - the humble mix of earth, fire and artistry - have been part of a global conversation for millennia.
From Tang Dynasty trade routes to Renaissance pa...
10/07/2025
The current holder of the prestigious Thomson Foundation Young Journalist of the Year Award has been forced to stop reporting over fears for her safety in Afgha...
10/07/2025
Spotify is turning up the volume on Australian music with a multipronged initiative designed to highlight the dominance of Australian artists on the global stag...
10/07/2025
This is not a drill: Oasis is back on the road-marking its first live performanc...
10/07/2025
The music industry depends on fresh ideas, bold voices, and emerging talent. Yet across the U.K., too many young musicians lack the space to develop their craft...
10/07/2025
NEW YORK - July 10, 2025 - Nielsen, the global leader in audience measurement, data and analytics, today announced that it appointed Richard Pacheco as head of ...
10/07/2025
Local newscasts don't exist in a vacuum. News directors and station management constantly evaluate what's working, what isn't and perhaps most impor...
10/07/2025
Lawo has announced that Stuttgart Media University (Hochschule der Medien, HdM) has comprehensively modernized its central recording studio after selecting an I...
10/07/2025
The Society of Motion Picture and Television Engineers (SMPTE) has opened early-bird registration for the Media Technology Summit, which will take place in a ne...
10/07/2025
NASHVILLE, Tenn. TNDV Television has launched Aspiration 35, a new version of its 40-foot Aspiration truck reimagined for cinematic multicamera productions....
10/07/2025
BURBANK, Calif. Key Code Education, a provider of instructor-led postproduction training, is growing its curriculum with new programs for beginner and intermedi...
10/07/2025
HACKENSACK, N.J. Actus Digital will demonstrate how broadcasters can transform compliance monitoring from a necessary expense into a strategic revenue driver at...
10/07/2025
The Federal Register has published a summary of the Federal Communications Commission's Public Notice seeking comments on its ownership rules that lists a d...
10/07/2025
Back to All News
Netflix Presents the Official Trailer for SuperestarPlay Video
Play Video
Entertainment
10 July 2025
GlobalSpain
Link copied to clipboard...
10/07/2025
In the race to understand our planet's changing climate, speed and accuracy are everything. But today's most widely used climate simulators often strugg...
10/07/2025
As one of the world's largest emerging markets, Indonesia is making strides toward its Golden 2045 Vision - an initiative tapping digital technologies and...
10/07/2025
10 Jul 2025
VEON and Cohen Circle Secure Investor Commitments for Kyivstar Listing Kyiv, New York, Dubai, and Philadelphia - July 10, 2025 - VEON Ltd. (Nasdaq:...
10/07/2025
5G for all? What the DFL's use of Easy5G and RefCam could mean for events in...
10/07/2025
Save the Date: PGA TOUR Studios Welcomes SVG Remote Production Summit on Oct 14-...
10/07/2025
Cloud on the Road: How Remote-Production-Service Providers Are Adapting to a New...
10/07/2025
Seattle Kraken's Ryan Schaber on the NHL Team Taking Live Game Productions I...
10/07/2025
FOX Sports Reboots Small Control Room in Los Angeles as Hub for Vertical-First P...
10/07/2025
SVG Sit-Down: MSE's Zach Leonsis, ViewLift's Rick Allen Go Deep on Joint...
As expected, continued weak demand from key sales markets and declining economic expectations are weighing on SGL Carbons sales and earnings performance in the first quarter 2025. After three months of fiscal 2025, SGL Carbon generated sales of 234.3 million. This was 14.0% below the previous year (Q1 2024: 272.6 million). Consolidated sales were mainly impacted by weak demand in the Semiconductor & LED market segment, which contributed the majority of the 38.3 million decline in consolidated sales with a 30.0 million drop in sales compared to the same quarter of the previous year. 
