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Investing.com -- SGL Carbon SE shares declined 1.5% after the company reported preliminary first-half results showing a significant drop in revenue and earnings due to weak demand from semiconductor customers.
The German carbon and graphite products manufacturer said sales fell 15.8% YoY to €453 million in the first half of 2025, down from €538 million in the same period last year. The decline was primarily attributed to "sustained weakness in demand from semiconductor customers for special graphite components" within the company’s Graphite Solutions business unit.
SGL Carbon’s adjusted EBITDA decreased by 16.2% to €72.5 million compared to €86.5 million in the first half of 2024. Despite the earnings decline, the adjusted EBITDA margin remained relatively stable at 16.0%, just slightly below the 16.1% reported in the prior-year period.
The company also noted that its Carbon Fibers unit experienced reduced revenues following the strategic discontinuation of unprofitable operations as part of an ongoing restructuring program. While cost savings were achieved through this restructuring, they were insufficient to offset the loss of higher-margin earnings from the semiconductor segment.
SGL Carbon will publish its complete and audited half-year financial report for 2025 as planned on August 7, 2025.
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