SGL Carbon Restructures Carbon Fibers Amid Financial Challenges

Wiesbaden, February 18, 2025 - SGL Carbon SE has announced a strategic restructuring of its Carbon Fibers business unit. The decision, approved by the Supervisory Board, comes as a response to significant financial losses. SGL Carbon aims to focus on profitable segments, which may involve closing unprofitable sites, although specific details are not yet disclosed. Brembo SGL Carbon Ceramic Brakes, however, remains unaffected.

A complete sale of the business unit was considered but deemed unfeasible. The restructuring is anticipated to lead to one-time costs of approximately €50 million over the next two years. The restructuring follows a decline in demand from the wind energy sector, impacting sales and earnings from 2023 to 2024.

Despite initial hopes for the automotive industry, results have been unsatisfactory. Preliminary figures indicate a decrease in Carbon Fibers' sales to €210 million in 2024 from €224.9 million the previous year, with EBITDA dropping to minus €27 million. The group's overall performance mirrored these challenges, with sales decreasing to approximately €1,026 million.