SGL Carbon evaluates strategic options for its Carbon Fibers business unit

SGL Carbon SE, based in Wiesbaden, announces that it is exploring various strategic options for its Carbon Fibers (CF) business unit, including a possible partial or total sale. This decision comes as the sales contribution of this unit accounts for 21.9% of the company's consolidated sales after nine months in 2023, marking a significant decrease compared to the previous year. The unit's operational performance also experienced an adjusted EBITDA loss of €10.9 million over the same period.

Dr. Torsten Derr, CEO of SGL Carbon, emphasizes the importance of finding a partnership or a new acquirer capable of providing the necessary resources for the future development of Carbon Fibers. Despite a weakened market demand from the crucial wind industry sector in 2023, the company remains optimistic about a swift recovery due to the sector's significance for the European Green Deal. Thomas Dippold, CFO, stresses the optimal use of the company's resources to ensure profitable future growth.

SGL Carbon specializes in the development and production of carbon-based solutions, serving various key industries. With sales of around 1.1 billion euros in 2022 and approximately 4,700 employees worldwide, the company positions itself as a global technological leader.