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SGL Carbon Optimistic After Q1

  • Tuesday, 16th May 2000
  • Reading time: less than a minute

The SGL Carbon Group’s consolidated sales in Q1 2000 were, at DM 569 million, 38% up on the previous year’s period. The operating result increased as planned in the first quarter and, at DM 45 million, was 150% up on the weak first quarter of the previous year. The extraordinarily significant improvements in earnings in the Carbon and Graphite and Specialty Graphite Business Areas contrasted with losses in the Corrosion Protection Business Area arising from integration and portfolio adjustment costs and in the Fibers and Composites Business Area from start-up costs for the fiber production facilities and for the high-technology areas of fuel cell components and brake discs. The net income for the quarter amounted to DM 7 million and earnings per share according to DVFA/SG DM 0.66.

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