After 270.9 million in Q1 2022 and 278.9 million in Q2, SGL Carbon increased its consolidated sales to 304.1 million in Q3 2022. After nine months, this corresponds to a significant sales growth of 14.8% to a total of 853.9 million (9M 2021: 743.5 million). The positive business development is also reflected in the companys adjusted EBITDA, which improved by 25.4% year-on-year to 136.1 million (9M 2021: 108.5 million). All four business units contributed to the operating success.
Sales development
With sales of 382.5 million in the first nine months of 2022, the largest business unit Graphite Solutions contributes 44.8% to total Group sales. Graphite Solutions was able to increase its sales by 49.8 million or 15.0% in a nine-month comparison. The other three business units also contributed to sales growth in the first nine months: Carbon Fibers ( 24.3 million / 9.9%), Composite Solutions ( 18.9 million / 20.5%) and Process Technology ( 14.9 million / 24.0%).
In particular, higher than expected customer demand from the semiconductor industry as well as a significant recovery in the industrial applications market segment were the main reasons for the increase in sales. Sales in the Process Technology business unit also developed positively, mainly with customers from the chemical industry.
Earnings development
After nine months in 2022, adjusted EBITDA rose disproportionately to sales to 136.1 million, an increase of 25.4% compared to the same period last year. The basis for the good earnings development was the maintenance of production capacity at all locations despite significantly increased energy and raw material prices as well as temporarily unstable supply chains. This enabled us to serve higher-than-expected customer demand and to further increase capacity utilisation. The strong increase in manufacturing costs could be passed on to our customers to a large extent. The already implemented cost savings from the transformation program also had a supporting effect.
The development described is particularly evident in Q3 2022. Despite the expiry of a high-margin contract with a major car manufacturer, adjusted EBITDA of 48.2 million was generated in Q3 2022. This represents an increase of 31.0% compared to the same period of the previous year (Q3 2021: 36.8 million).
At almost constant depreciation and amortisation of 43.9 million (9M 2021: 42.9 million) as well as one-off effects and non-recurring items of 7.8 million (9M 2021: 6.2 million), EBIT amounts to 100.0 million. This corresponds to an improvement of 39.3% compared to the same period of the previous year (9M 2021: 71.8 million).
Balance sheet - Highlights
In September 2022, SGL Carbon successfully placed new convertible bonds in the amount of 101.9 million with a maturity in 2027. The proceeds were partly used to redeem the existing convertible bonds from 2018 with a volume of 159.3 million (outstanding volume as of 30 June 2022: 126.3 million). This, as well as the decrease in pension provisions due to significantly higher interest rates, led to a reduction in non-current liabilities by 169.5 million to 572.8 million.
Inventories increased by 27.6% to 349.5 million as of 30 September 2022 (31 Dec. 2021: 273.8 million) due to a systematic inventory build-up of critical raw materials and intermediate products.
Equity attributable to shareholders increased by 51.5% year-on-year in the first nine months to 562.9 million (31 Dec. 2021: 371.5 million). This corresponds to an improvement of the equity ratio by 10.9 percentage points to 37.9% as of 30 September 2022.
Outlook
Due to the positive business development, the management increased the forecast for the full year on 6 September 2022. For the financial year 2022, Group sales of approx. 1.2 billion (previously: approx. 1.1 billion) and adjusted EBITDA of 170 to 190 million (previously: 130 to 150 million) are expected.
Consequently, an adjusted EBIT of 110 to 130 million (previously: 70 to 90 million) is forecasted. The expectations for return on capital employed (ROCE) of originally 7% to 9% are raised to 10% to 12% in line with the development of earnings. The estimate for free cash flow (significantly below the previous years level of 111.5 million) remains unchanged.
SGL Carbon is active in many future-oriented markets. We see growth opportunities in the semiconductor industry and here in particular in the area of silicon carbide-based high-performance chips, such as those needed for electric vehicles and the charging infrastructure. There is further potential in renewable energy and electromobility markets. Following its transformation, SGL Carbon is much more resiliently positioned to master the challenges ahead, says Dr. Torsten Derr, CEO of SGL Carbon SE.
Further details on the business development in the third quarter and in the first nine months of 2022 can be found in the current quarterly statement.
Key figures of the third quarter 2022
Most recent headlines
18/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
18/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
18/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
18/12/2025
Long-term agreement includes the SES SCORE platform and hybrid distribution worldwide to deliver more than 5,000 hours of golf tournaments annually featuring th...
18/12/2025
At 7.45pm on 1st January 1926, the precursor to RT , then 2RN, delivered the fledgling new Irish state's first public radio transmission. From those first c...
18/12/2025
Step out of the vault and into the future of gaming with Fallout: New Vegas streaming on GeForce NOW, just in time to celebrate the newest season of the hit Ama...
18/12/2025
December 18 2025, 05:30 (PST) The Movie Experience SLO Becomes First U.S. Exhib...
17/12/2025
Investigative journalists across the Western Balkans and T rkiye continue to con...
17/12/2025
Sports Broadcasting Hall of Fame Inducts 10 Industry Icons During Unforgettable ...
17/12/2025
ESPN to Debut MNF Playbook with Next Gen Stats, a New AI-Driven NFL Data-AltCastThe series, powered by Adrenaline TruPlay AI, launches Dec. 22 and runs through ...
17/12/2025
Inaugural Optum Golf Channel Games Debut Under the Lights' in Primetime on ...
17/12/2025
The right playlist is essential on New Year's Eve, building the energy as you get ready and keeping it high as you count down to midnight. This year, Spotif...
17/12/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({...
17/12/2025
Audiences Watched Over 103 Billion Minutes of TV on Thanksgiving Day
NFL Games ...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
KPop Demon Hunters Stars Visit Berklee for Weeklong Celebration Andrew Choi and EJAE, who voiced the film's main characters and contributed to its soundtr...
17/12/2025
December 17 2025, 17:00 (PST) Dolby and LG Unveil a New Era of Home Audio With ...
17/12/2025
Wednesday 17 December 2025
Heated Rivalry will be coming to Sky and streaming service NOW on 10 JanuaryTurn on cookies to view this content. Go to Privacy opti...
17/12/2025
Back to All News
Inside The Unseen World Of Indian Customs: Netflix Reveals The...
17/12/2025
Back to All News
Netflix announces PAPARAZZI KING: the docu series coming to Ne...
17/12/2025
Back to All News
Netflix Unveils First Look at Jo Nesbo's Detective Hole Pr...
17/12/2025
Back to All News
Netflix Welcomes Warner Bros. Discovery Board Recommendation
Business
17 December 2025
Global
Link copied to clipboard
After Careful Revi...
17/12/2025
RT has announced that Kathy Fox has been appointed Commissioning Editor with re...
17/12/2025
The Hao AI Lab research team at the University of California San Diego - at the forefront of pioneering AI model innovation - recently received an NVIDIA DGX B...
17/12/2025
Editor's note: This post is part of Into the Omniverse, a series focused on ...
17/12/2025
With the new season of Dancing with the Stars shimmering in the not-too-distant future this New Year, the celebrity and dancer pairings of the twelve couples ha...
16/12/2025
Hawkins has landed on Spotify, just in time for Stranger Things Season 5, Volume...
16/12/2025
Wherever you are, your favorite music and audio content should go seamlessly with you. That's why Spotify has partnered with NAVER Corp, Korea's leading...
16/12/2025
2025 Wrapped arrived bigger and bolder than ever. This year's experience is designed to be ultra personal and shareable, with new features like Wrapped Part...
16/12/2025
Three 12-kilowatt Advanced Electric Propulsion System thrusters, supplied by L3Harris Technologies, form the core of Gateway's propulsion system. Pictured i...
16/12/2025
The challenge facing America's defense industrial base is not just about speed - its about rebuilding the foundation that makes speed possible. Our nations ...
16/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
16/12/2025
SEVILLE, Spain Canal Sur, the public broadcasting service for Andalusia, Spain, has completed a total technology refresh based on Pebble's resilient, softwa...
16/12/2025
NEW YORK Teleprompting hardware provider Telescript International has acquired all software code and intellectual property previously owned by Telescript West. ...
16/12/2025
As cable operators face increased competition from 5G fixed wireless access providers, a new report from Ookla Research finds that T-Mobile is the FWA speed lea...
16/12/2025
Apple has announced a major upgrade to the Apple TV app for device owners outside the Apple ecosystem with news that the Apple TV app for Android now supports G...
16/12/2025
Space42 grows Direct-to-Device partner ecosystem through a Memorandum of Underst...
16/12/2025
16 Dec 2025
VEON Announces Release Date for Full Year and Fourth Quarter 2025 R...
16/12/2025
16 Dec 2025
VEON's Kyivstar Invests in Renewable Energy in Ukraine with Acq...
After 270.9 million in Q1 2022 and 278.9 million in Q2, SGL Carbon increased its consolidated sales to 304.1 million in Q3 2022. After nine months, this corresponds to a significant sales growth of 14.8% to a total of 853.9 million (9M 2021: 743.5 million). The positive business development is also reflected in the companys adjusted EBITDA, which improved by 25.4% year-on-year to 136.1 million (9M 2021: 108.5 million). All four business units contributed to the operating success.
