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
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
07/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/07/2026
New appointments to Screen Australia board 7 July 2026
The Albanese Labor Government has made new appointments to the Screen Australia board.
Dr Tania Chamber...
07/07/2026
The right team. The right time.' How The Killings at Parrish Station stuck t...
07/07/2026
Berklee College of Music Alum and Faculty Perform at Boston Public Library's...
07/07/2026
Scripps Research scientists train the immune system to make antibodies against numerous HIV strains Preclinical findings mark progress toward a long-sought vacc...
06/07/2026
Long-developed relationships and informal access, three production models, and c...
06/07/2026
The deal follows Lumine's recent acquisition of Synamedia's video-networ...
06/07/2026
This former SportsCenter producer is shaping local-team studio coverage to surro...
06/07/2026
IMS Productions and FOX Sports deployed more than 100 cameras, 32 onboard feeds,...
06/07/2026
Lumine Group Inc. has announced the completion of its acquisition of the Video Network Business from Synamedia. The business will operate as a standalone compan...
06/07/2026
NASCAR has announced a content and commercial partnership with Motorsport Network, a motorsports and automotive media platform, to distribute NASCAR original co...
06/07/2026
Versant Media Group has announced a definitive agreement to acquire Full Swing, a sports technology company, from Bruin Capital and a group of minority investor...
06/07/2026
DAZN has announced global broadcast rights to 3ICE, a professional hockey format featuring three skaters and a goalkeeper per side, with no power plays or offsi...
06/07/2026
Bundle gains 100 new synths & more
Synth Anthology 5 the largest and most feature-packed edition of UVI's hardware synth emulation bundle, bringing toge...
06/07/2026
Available now via free firmware update
MOTU have just announced that three of their popular audio interfaces now boast official Milan Certification. The 16A...
06/07/2026
Rohde & Schwarz completes Hunter Preliminary Design Review for the Integrated Co...
06/07/2026
The R&S IMAGER from Rohde & Schwarz uses millimeter wave imaging to inspect the ...
06/07/2026
The National Film and Video Foundation (NFVF), an agency of the Department of Sp...
06/07/2026
Digital Domain Appoints Industry Veteran Patrick Davenport as Executive Vice Pre...
06/07/2026
Gravity Media USA appoints Brittney Boston as Head of Business Development
Brie Clayton July 6, 2026
0 Comments
The strategic new appointment supports...
06/07/2026
Remote Editing Without Cloud Storage in Resolve
Michael Cioni July 6, 2026
0 Comments
This is a step-by-step guide that demonstrates how to setup your...
06/07/2026
Automatic Caption Translation in Adobe Premiere Pro
Colin Smith July 6, 2026
0 Comments
Here I showcase the innovative automatic caption translation f...
06/07/2026
Flavor's First Ever Managing Director Neal Cohen Retires; Longstanding Execu...
06/07/2026
How Adam Rosenwach Pivoted from Music to Medtech Without Missing a Beat What do the rehearsal room and the boardroom have in common? More than you might think...
06/07/2026
Zhongyi Optics unveils the Dreamy Zone T1 FF Cine Lens Series on Indiegogo with ...
06/07/2026
Open source AI has shown how quickly developers can innovate when models, data a...
06/07/2026
Techtel debuts insyght: making ST 2110 media discovery easy
intellisphereinsyght2026
6 July Written By Suzanne Costello
Sydney, Australia - 06 July 2026 T...
06/07/2026
Monday 6 July 2026
Sky agrees to acquire ITV Media & Entertainment, creating a ...
06/07/2026
Fresh from his World Cup heroics with Cabo Verde, Roberto Pico' Lopes will join the RT panel for Argentina v Egypt tomorrow and for the England v Norway q...
06/07/2026
Nations have long invested in domestic infrastructure to advance their economies, protect and use their data, and take advantage of technology opportunities in ...
06/07/2026
Every year, the International Conference on Machine Learning (ICML) reveals where thousands of AI researchers have decided to put their work.
This year's ...
06/07/2026
A death can be unsuspicious, but it has to be explained
What happened to Ke...
05/07/2026
We've gone to another level of integrating the graphics into the set architecture' - Zac Fields, SVP, Graphic Technology and Integration, FOX Sports...
05/07/2026
Browser-based and desktop apps available
Digital Sunset Studios have been busy working on an interesting project: a free software tool that provides compute...
04/07/2026
When Canada qualified for the FIFA World Cup 2026, OneSoccer knew this wasn'...
04/07/2026
Celebrates company's 80th anniversary
Rhodes have recently revealed that they will be producing a limited run of electric pianos in celebration of their...
04/07/2026
Blackmagic Design Cameras Empower Youth Broadcasting Program
Brie Clayton July 3, 2026
0 Comments
Blackmagic Pocket Cinema Camera 6K Pro and Blackmagi...
04/07/2026
iZotope Joins Boris FX
Boris Yamnitsky July 3, 2026
0 Comments
iZotope, the team behind RX and Ozone, is joining Boris FX. A letter from founder Boris...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
03/07/2026
New bundle & three Single Packs
Continuing to expand their already sizeable orchestral collection, VSL's latest release introduces three new Single Pack...
03/07/2026
Venue installs new ATC-equipped control room
LSO St Luke's, a unique music venue that also serves as the home of the London Symphony Orchestra, have rec...
03/07/2026
Caden Pearson appointed new Commissioning Editor for NITV
3 July, 2026
Media releases
National Indigenous Television (NITV) has strengthened its commitment...
03/07/2026
1 February 2023
SHARE Facebook Twitter Linkedin Email
Munich, Germany, 1st February 2023: Cinegy GmbH, the premier provider of software technology for digit...
03/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
03/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
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. 
