[pageLogInLogOut]

#Composites

SGL Carbon delivers strong first half of 2021 – transformation program and improving order situation show first successes

While the past fiscal year 2020 was still characterized by a Corona-related slump in orders in many business areas of SGL Carbon, demand picked up again in the first six months of 2021. Accordingly, Group sales increased by 8.8% to €496.7 million in H1 2021 (H1 2020: €456.5 million).
  • Sales up 8.8% to €496.7 million compared with first half of previous year
  • Adjusted EBITDA improves by 70.7% to €71.7 million
  • Positive business development led to forecast increase on July 13, 2021


The Carbon Fibers and Composite Solutions Business Units particularly contributed to the €40.2 million increase in sales. Carbon Fibers contributed €166.4 million to Group sales, especially benefiting from increased demand from the automotive market segment. In the Composite Solutions Business Unit, the increase in sales of 52.4% to €60.2 million was also primarily based on the recovering demand from the automotive industry.

With sales of €221.2 million, the Graphite Solutions business area contributed around 44.5% of SGL Group sales. The 3.8% increase in the division's sales was particularly due to the positive development in the important markets of the LED, semiconductor and automotive industries.

Earnings situation:

SGL Carbon's adjusted EBITDA (adjusted for one-off effects and non-recurring items) improved by 70.7% to €71.7 million in the half-yearly comparison (H1 2020: €42.0 million). The improvement in earnings was due to higher capacity utilization as a result of higher sales and, in particular, the savings already achieved under the transformation program. However, higher purchase prices for raw materials, energy as well as transport and logistics had a negative impact on earnings, which could be compensated by savings resulting from other areas.

Adjusted EBITDA does not include one-off effects and non-recurring totaling minus €5.2 million. EBIT has also increased significantly to €38.3 million in the first half of 2021 compared to €5.7 million in the prior-year period. Apart from the positive effects mentioned above, the EBIT increase also results from the € 5.1 million decrease in depreciation and amortization to €28.2 million (H1 2020: €33.3 million) due to the impairments carried out at the end of 2020.





In consideration of the slightly improved financial result of minus €14.0 million (H1 2020: minus €15.8 million), the consolidated result for the first six months of the current financial year was positive at €17.9 million, compared with minus €13.8 million in the same period of the previous year (in each case after deduction of non-controlling interests of €0.2 million). Therefore, positive earnings per share of €0.15 could be reported again in the first half of 2021.

Net financial debt and equity:

SGL Carbon's net financial debt decreased by €39.8 million or 13.9% to €246.7 million as of June 30, 2021. Main reason for this development was the increase in liquidity by €42.5 million mainly based on the positive free cash flow of €56.5 million.

As of June 30, 2021, equity attributable to equity holders of the parent company increased by €56.1 million (+25.4%) to €276.8 million (December 31, 2020: €220.7 million). Accordingly, the equity ratio increased to 20.8% as of June 30, 2021 (December 31, 2020: 17.5%).

Transformation program:

The restructuring and transformation process initiated at SGL Carbon made a significant contribution to the Company's positive sales and earnings performance. In addition to leaner and more efficient structures as well as a reorganization of the business units with responsibility for results, a large number of improvements and cost initiatives in all business units and sites have contributed to the success of the ongoing transformation program.

Forecast increase:

Due to pleasing business development in the first half of the year as well as transformation successes, SGL Carbon raised its forecast for fiscal year 2021 on July 13, 2021. For the financial year 2021, the company now expects consolidated sales of around €1.0 billion (previously: €920 - 970 million). In line with developments in the first half of 2021 and the results from the transformation, adjusted EBITDA for 2021 is expected to be between €130 - 140 million (previously: €100 - 120 million). Accordingly, a slightly positive net profit is now forecasted for fiscal year 2021 (previously: €-20 million to €0).

Further details on business development and outlook can be found in the Group's interim report for the first half of 2021.



More News from SGL CARBON SE

#Yarn & Fiber

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.

More News on Composites

#ITMA Asia + CITME 2026

KARL MAYER introduces MULTIPLY BX for high-efficiency wind turbine reinforcement fabrics

KARL MAYER is expanding its composite machinery portfolio with the new MULTIPLY BX, a biaxial warp knitting machine specifically developed for the production of reinforcement textiles used in wind turbine rotor blades. Designed for high output and efficient material utilisation, the machine achieves production speeds of up to 500 m/h and offers a productivity increase of 20 to 25% compared with the established MAX GLASS ECO. The MULTIPLY BX will make its debut at the KARL MAYER (China) Product Show in Changzhou during ITMA ASIA 2026.

#Research & Development

Novel flame-retardant and recyclable fiber-reinforced composite

Airplanes and passenger trains must meet strict safety requirements, including fire safety standards. This calls for materials that are flame-retardant, lightweight, robust, and scalable. Empa researchers, in collaboration with their industry partner Elantas, have now succeeded for the first time in making such a material – a composite – fully recyclable.

#Composites

WHILL selects Teijin’s tough, lightweight Carbon Fiber Composite for new last-mile mobility

Teijin Limited announced today that WHILL Inc., a global leader in inclusive mobility technology, has selected Sereebo® P CFP series, a carbon fiber-reinforced thermoplastic (CFRTP) material, for key structural components of the upcoming WHILL Model C Lite. Sereebo® P CFP series provides high strength, light weight, design flexibility and system cost advantages to the Model C Lite, which is a battery powered, single-seat, last-mile device. This new model combines maneuverability with light weight and one-handed folding to ensure ease of handling and operation.

#Composites

Fewer pores, greater impact tolerance: Peter Dornier Foundation Prize 2026 honours material research on fibre-reinforced composite components for aerospace industry

Microscopically small pores that form during manufacture, or barely visible impact damage, can severely impair the load-bearing capacity and service life of fibre-reinforced composite components. Two young researchers have presented groundbreaking work in this field and will both be awarded the 2026 Peter Dornier Foundation Prize: Dr.-Ing. Benedikt Neitzel from the Technical University of Ilmenau for his doctoral thesis on pore minimisation in the RTM process, and Johanna Buschmann, M.Sc., for her master’s thesis, completed at the German Aerospace Centre, on the improved impact tolerance of 3D fabrics compared to 2D laminates.

Latest News

#Textile processing

YKK Bangladesh celebrates 25 years of fastening production and business development

YKK Bangladesh Pte. Ltd., a subsidiary of Japanese fastening manufacturer YKK Corporation, has celebrated its 25th anniversary with a commemorative ceremony in Dhaka on November 8, 2026. Since its establishment in November 2000, the company has expanded its manufacturing capacity and business operations alongside the growth of Bangladesh's apparel industry.

#ITMA Asia + CITME 2026

Murata Machinery to showcase AIcone winding and high-speed VORTEX spinning at ITMA ASIA 2026

Japanese textile machinery manufacturer Murata Machinery will present its PROCESS CONER AIcone automatic winder and VORTEX 870 EX spinning machine at ITMA ASIA + CITME 2026. Under the theme “Right Choice, Bright Future”, the company will highlight technologies for efficient yarn manufacturing, combining energy-saving winding solutions with high-speed air-jet spinning. Visitors can meet Murata Machinery in Hall 5, Booths E01 and E02.

#ITMA Asia + CITME 2026

DORNIER highlights airbag, filtration and composite weaving technologies at ITMA ASIA 2026

Lindauer DORNIER will present its latest developments in air-jet and rapier weaving technology for technical textiles at ITMA ASIA + CITME 2026. The German machinery manufacturer will focus on the reliable and efficient production of airbag fabrics, high-density filters and reinforcement textiles for fibre-reinforced composites. Alongside its A2 air-jet and P2 rapier weaving machines, DORNIER will highlight its TRITOS FLEX technology for complex 3D composite preforms, retrofit solutions and expanded service capabilities in Asia. The company will exhibit in Hall 3, Stand E02.

#Retail & Brands

Marks & Spencer expands across Asia Pacific through partnership with Global Fashion Group

Marks & Spencer (M&S) and Global Fashion Group (GFG) have announced a strategic partnership to expand the British retailer's fashion business across Asia Pacific. M&S has launched on Southeast Asian fashion platform ZALORA and plans to enter THE ICONIC in Australia and New Zealand in early 2027. The agreement also introduces regional fulfilment for Australian M&S.com orders, enabling faster deliveries and returns while supporting a capital-light international growth strategy.

TOP