SGL Carbon to Improve in 2001

07 December 2001

SGL Carbon, the German carbon and graphite product producer, expects turnover of roughly 2bn euros for 2000.

However, the group's nine months figures were disappointing. Although turnover, which rose by 28 per cent, was in line with expectations, the strong dollar caused considerable losses from the exchange rate. Most divisions are expected to fare well in 2001 however, except for the fibres and composites division, which is still making losses because of investment. The latter division and the corrosion protection division, both of which are new, are expected to account for about 50 per cent of turnover and over 30 per cent of earnings by 2003/2004. The group's current share price offers a good opportunity for investors to enter the company, in light of its new products.

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