SGL Carbon Posts Profit In H1; Raises Annual Outlook

SGL Carbon (SGLFF) on Thursday said its sales in the first half increased 8.8% to 496.7 million euros from 456.5 million euros in the same period a year ago.

Adjusted EBITDA increased 70.7% to 71.7 million euros from 42 million euros last year, driven by sales growth.

The company reported net profit of 17.9 million euros for the first six months compared with net loss of 13.8 million euros in the comparable period last year.

SGL Carbon said its net financial debt decreased by 13.9% to 246.7 million euros as of June 30, 2021.

Looking forward, the company has increased its full-year outlook.

Sales in the year 2021 is expected to be about 1 billion euros, up from 920 million euros- 970 million euros provided earlier.

Adjusted EBITDA for the year is expected to be between 130 million euros - 140 million euros, higher than the previous outlook of 100 million euros- 120 million euros.

The company expects a slightly positive net profit in 2021 compared with the previous guidance of net loss in the range of 20 million euros to breakeven.

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