#Composites

2021-07-15

SGL Carbon SE publishes preliminary sales and earnings figures for the first half of the year and raises forecast for 2021

Based on the encouraging business performance in the first half of 2021 and the transformation successes, SGL Carbon expects strong Group results for the first six months of 2021 and raises its guidance for fiscal year 2021. The company expects to exceed the upper end of the stated range of its Group EBITDA pre1 guidance (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) for fiscal year 2021 of EUR 100 to 120 million and raises the EBITDA pre guidance for 2021 to EUR 130 –140 million.

SGL Carbon's sales forecast is also increased slightly to approximately EUR 1.0 billion for the current fiscal year, up from EUR 920 – 970 million originally. The company expects free cash flow for the full year to be correspondingly above the forecast of EUR 20 million given at the beginning of the year. A slightly positive consolidated net result is also predicted for 2021. Previously, the company had assumed a consolidated net result of between EUR -20 million and EUR 0.

According to preliminary figures, SGL Carbon expects Group sales for H1 2021 of around EUR 496 million (H1 2020: EUR 456.5 million). This corresponds to an

increase of around 9% compared to the same period of the previous year. Based on the sales increase and the cost effects achieved from the transformation, EBITDA pre (EBITDA before non-recurring items and one-time effects) increased to around EUR 72 million in the first six months of 2021 (H1 2020: EUR 42.0 million).

The updated forecast for fiscal 2021 has been prepared on the basis of the prevailing market environment and assumes no deterioration in conditions due to the corona pandemic. In particular, it is based on the assumption that purchasing prices and logistics chains remain stable and production lines remain in operation. The communicated medium-term targets up to 2025 remain unaffected by the forecast adjustment.

SGL Carbon will release its 2021 half-year figures as planned on August 12, 2021.

1The definition of key figures used in this release is aligned to the Annual Report 2020. There were no changes in the scope of consolidation or accounting methods compared with the previous guidance.

SGL Carbon decides to restructure its Carbon Fibers business unit

The Board of Management of SGL Carbon SE today decided, with the approval of the Supervisory Board, to restructure the loss-making Carbon Fibers business unit. SGL Carbon will significantly reduce the business activities of Carbon Fibers and focus on a profitable core. Individual solutions are being developed for all Carbon Fibers sites, including the closure of unprofitable sites.

SGL Carbon evaluates strategic options for the carbon fibers and appoints Dr. Denis Hinz as new head of the business unit

SGL Carbon SE is currently evaluating various strategic options for the Business Unit Carbon Fibers (CF). These include a possible partial or complete divestment of the Business Unit. In a first step, potential interested parties shall be approached promptly with the general data of the Business Unit to determine their interest in an acquisition. If there is sufficient interest, a structured transaction process will be carried out in a second step.

Kordsa showcases its global expertise in material technologies at JEC World 2026

Kordsa, a subsidiary of Sabancı Holding, shared its global expertise in material technologies with participants at JEC World 2026, held in Paris. The company’s solutions developed for a wide range of industries—particularly aviation, energy, and automotive—stood out among its key innovations at the exhibition. Throughout the event, Kordsa also presented its vision for sustainable growth and its strategic transformation in composite technologies to international stakeholders.

JEC Composites Startup Booster: 2026 winners announced

The leading global startup competition for composites and advanced materials has crowned its 2026 champions, ahead of a landmark 10th anniversary edition next year. The winners of the JEC Composites Startup Booster 2026 were announced on Wednesday, 11 March, at JEC World, recognizing the most promising emerging companies reshaping the future of composites and advanced materials.

Teijin Carbon strengthens high‑end sports offering with advanced prepreg and resin technologies for next‑generation bicycle performance

High‑end bicycle manufacturers are entering a new era in which modern frames and components must be lighter, stiffer, tougher and more sustainable – all while enabling fast, repeatable and cost‑efficient production. To support this shift, Teijin Carbon is expanding its portfolio of advanced prepreg systems developed specifically for premium road, gravel and mountain bike applications.

JEC WORLD 2026 opens: Paris becomes the World Capital of composites

JEC World 2026 opens tomorrow, March 10, at Paris Nord Villepinte, bringing together the entire composites ecosystem for three days of exhibitions, conferences, technical sessions, strategic industry gatherings, and business meetings. As the “festival of composites”, JEC World is also a destination for a broad spectrum of other professional visitors, eager to discover how these advanced materials can offer sustainable solutions to their industries.

VANDEWIELE Group at Techtextil 2026 – Textile innovations together

The VANDEWIELEGroup will showcase its latest technologies for technical textiles at Techtextil 2026 in Frankfurt from April 21–24 (Hall 12.0, Stand C21). As a global leader in textile machinery, the group brings together specialised brands to support the evolving demands of high-performance textile applications. Visitors will discover solutions in laboratory testing, yarn joining, yarn feeding and thread tension monitoring, designed to create measurable value across the textile value chain.