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SGL Carbon (SGL) investor relations material
SGL Carbon Q4 2025 (Media) earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Adjusted EBITDA reached €135.0 million in 2025, within guidance, despite a 17.2% sales decline to €850.2 million year-over-year due to weak demand in semiconductor and automotive markets and restructuring in Carbon Fibers.
Restructuring of Carbon Fibers business unit completed, discontinuing loss-making activities and reducing fixed costs, supporting profitability.
Focus shifts to developing new sales markets and entering strategic growth segments for 2026 and beyond.
Financial highlights
Consolidated sales dropped 17.2% to €850.2 million in 2025 from €1,026.4 million in 2024.
Adjusted EBITDA fell 17.1% to €135.0 million, but margin held steady at 15.9%.
Net financial debt decreased by 8.6% to €98.9 million; equity ratio at 39.2%.
Free cash flow remained stable at €37.0 million despite restructuring outflows.
Consolidated net result was negative €79.2 million, impacted by restructuring and impairments.
Outlook and guidance
2026 sales expected between €720–770 million, reflecting full-year effect of discontinued Carbon Fibers activities.
Adjusted EBITDA forecasted at €110–130 million; free cash flow targeted at prior year’s level.
No recovery anticipated in semiconductor market in 2026; automotive and European chemical industries expected to remain weak.
Strategic focus on new growth areas: energy generation (SMRs), defense, and aerospace.
- Sales fell 17.2% in 2025 amid restructuring; 2030 targets focus on new growth markets.SGL
Q4 202519 Mar 2026 - Restructuring and cost savings offset weak demand, supporting stable margins and future growth.SGL
Investor presentation18 Mar 2026 - EBITDA margin rose to 16.1% as net profit rebounded and guidance was confirmed at the lower end.SGL
Q2 20242 Feb 2026 - Net income rose despite lower sales; major Carbon Fibers impairment expected in Q4.SGL
Q3 202416 Jan 2026 - Margins improved despite lower sales; restructuring and market headwinds impact outlook.SGL
Q4 202426 Dec 2025 - Sales and profit dropped sharply, but full-year guidance and restructuring plans are upheld.SGL
Q1 202525 Nov 2025 - Sales and EBITDA pre declined, but restructuring and cost controls stabilized margins.SGL
Q2 202523 Nov 2025 - Sales and profit margins held up despite restructuring and weak semiconductors; 2025 guidance confirmed.SGL
Q3 20256 Nov 2025
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