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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