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SGL Carbon Slips To Loss In Q1; Updates FY Outlook - Quick Facts

SGL Carbon SE (SGLFF.PK), a manufacturer of carbon-based products and materials, posted first-quarter 2013 pre-tax loss of 4.7 million euros, versus a 20.6 million euros profit last year. Consolidated net loss attributable to equity holders was 9.4 million euros, as against a profit of 13.8 million euros a year ago.

Quarterly basic loss per share totaled 0.13 euros, compared with an income of 0.20 euros in the earlier year period.

On the other hand, three-month Group sales went up 8.5% year-on-year to 414.1 million euros, from 381.6 million euros, however, this was significantly impacted by the 28.2 million euros sales contribution of Fisipe which was acquired in 2012.

Looking ahead, the company is adjusting its annual outlook, now expecting Group sales to be approximately on the prior year's level. Group EBITDA is currently anticipated 20% to 25% below the comparable EBITDA of 240 million euros of the previous year.

by RTTNews Staff Writer

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