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
25/12/2025
Holiday lights are twinkling, hot cocoa's on the stove and gamers are settling in for a well-earned break.
Whether staying in or heading on a winter getawa...
24/12/2025
What is AI good for? Posted by MTI Film on December 24, 2025
What is AI good for?
What is AI good for?
It's been three years since ChatGPT first cap...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Back to All News
Love, Fights, and Everything in Between: Badly in Love' Returns for Season 2
Entertainment
24 December 2025
GlobalJapan
Link copied t...
24/12/2025
Scripps Research study links sleep variability with sleep apnea and hypertension How consumers' digital activity trackers could enable personalized health s...
23/12/2025
How guilas Cibae as Dominican Winter League Games Are Locally Produced for Glob...
23/12/2025
BitFire's Jim Akimchuk on Supplying Scalability and Customization in the Clo...
23/12/2025
CAMB.AI Enables European Athletics to Offer Multi-Language SupportPlan is to eventually offer translation into all languages spoken in EuropeBy Ken Kerschbaumer...
23/12/2025
Analysis: As sports media values trend negative, scarcity and quality are king By Callum McCarthy, Editor-at-Large
Monday, December 22, 2025 - 14:08
Print ...
23/12/2025
ESPN, Disney, and NBA Return to the Animated Altcast Fray With Second Edition of...
23/12/2025
End the Year on a High Note and Donate to the Sports Broadcasting Fund Today! By Ken Kerschbaumer, Editorial Director
Tuesday, December 23, 2025 - 12:25 pm
...
23/12/2025
The year is winding down, the weather outside is frightful, and it's the perfect time to escape into a story that warms the heart. For listeners looking for...
23/12/2025
A Zeus motor is hot fire tested at L3Harris' Camden, Arkansas, solid rocket ...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Lightware will exhibit several major product innovations at ISE 2026, including the new USB-C BOOSTER-V1, Google Meet. integration for various Taurus UCX models...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Taking the Stage at Carnegie Hall-On a Global Scale Boston Conservatory Orchestra students reflect on their epic concert marking the 80th session of the UN Gene...
23/12/2025
Back to All News
Netflix's The Great Flood and Culinary Class Wars 2 Top Gl...
23/12/2025
Back to All News
Stranger Things By the Numbers: How the Global Phenomenon Shap...
23/12/2025
Experience the power of WO Automation for Radio's newest service, the System Effectiveness Review. Designed to help you achieve more, a System Effectiveness...
23/12/2025
23 Dec 2025
VEON's Beeline Kazakhstan and Rakuten Symphony Collaborate to A...
23/12/2025
Back to All News
How Steamy Can It Get? Single's Inferno' Season 5 Pre...
23/12/2025
Back to All News
33 Million Global Viewers on Netflix Watched Jake Paul vs. Ant...
23/12/2025
New technique lights up where drugs go in the body, cell by cell Scripps Research scientists developed a technique that maps drug binding in individual cells th...
22/12/2025
SVG New Sponsor Spotlight: Presidio's Neerav Shah on the Role of Its Captiva...
22/12/2025
Hitting the bullseye: Sky Sports readies itself for the biggest PDC World Darts ...
22/12/2025
Unique skillset: Bringing new directors to the world of darts at The Worlds with...
22/12/2025
Gravity Media prepares for a flight of fancy with the PDC World Darts Championsh...
22/12/2025
One hundred and eighty: Gravity Media on hitting the production bullseye at the ...
22/12/2025
The Famous Group's Jon Slusser on Fascinating Fans Through Immersive Content...
22/12/2025
ESPN's Meg Aronowitz on Continuing High-Quality Broadcasts of Collegiate Spo...
22/12/2025
ESPN Takes Data-Driven Storytelling to New Heights with MNF Playbook with Next ...
22/12/2025
For a decade, popular German podcast Fest & Flauschig has hosted an annual Chris...
22/12/2025
Paramount Scores Largest Share Increase Among Distributors as Paramount and CBS...
22/12/2025
New multi-year deal integrates Roku's data to fuel Nielsen's measurement suite
Roku gains access to Nielsen's streaming ratings, showing The Roku C...
22/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
22/12/2025
Berklee Wrapped 2025: Our Top News and Stories A look back at a year highlighted by faculty milestones, major film and television projects, Bob Dylan's ho...
22/12/2025
The works of Plato state that when humans have an experience, some level of change occurs in their brain, which is powered by memory - specifically long-term me...
22/12/2025
Partnership integrates complementary satellite data and AI analytics to enhance security, infrastructure, and environmental monitoring solutions for global cust...
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.
