SGL Carbon raises earnings forecast and targets higher EBITDA

SGL Carbon SE, a specialist manufacturer of graphite and carbon fiber, has raised its earnings forecast for the current fiscal year. The Wiesbaden-based company now expects adjusted EBITDA to reach between 130 million and 140 million euros, increasing from its previous guidance of 110 million to 130 million euros.

Regarding revenue, the company aims to reach the upper end of its previously projected range of 720 million to 770 million euros. Following the announcement, the company's share price rose by nearly ten percent in trading shortly before the market close.

Despite the improved outlook, preliminary calculations for the first nine months indicated that revenue decreased from 652.9 million to approximately 595 million euros, while adjusted EBITDA saw a slight decline from 108.6 million to approximately 106 million euros. The company maintains its medium-term targets and is scheduled to present detailed figures on November 5.