The following is a summary of the SGL Carbon SE (SGLFF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• SGL Carbon reported a decrease in sales from the previous year due to divestments.

• Profit and EBITDA margin have increased, with the latter rising to 15.4%.

• The company anticipates its sales to remain consistent with the previous year's level in 2024.

• Full-year EBITDA pre figures are anticipated to be between €160 million and €170 million.

• The company received €8 million in customer down payments for expanding the company's silicon carbide capacity in 2024's first quarter.

• CapEx of €24 million was reported in Q1 2024, with full-year guidance of €150 million.

Business Progress:

• SGL Carbon noted a strong performance in semiconductors, offsetting weaker business performance in carbon fibers.

• The company is now focused on growth markets like semiconductors and e-mobility, maintaining innovation and quality leadership in these markets.

• Because of reduced demand from Western battery makers, SGL Carbon is reviewing strategic options, including potential divestiture, for its underperforming graphite powder business.

• Adjustments are being made to capacity expansion in silicon carbide and carbon fibers, with the former expected to progressively increase from the beginning of the next year through 2026.

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