SGL Carbon decides to restructure its Carbon Fibers business unit. Presentation of preliminary figures for fiscal year 2024

EQS-News: SGL CARBON SE / Key word(s): Strategic Company Decision/Preliminary Results SGL Carbon decides to restructure its Carbon Fibers business unit. Presentation of preliminary figures for fiscal year 2024 18.02.2025 / 17:05 CET/CEST The issuer is solely responsible for the content of this announcement. SGL Carbon decides to restructure its Carbon Fibers business unit. Presentation of preliminary figures for fiscal year 2024 Wiesbaden, February 18, 2025. The Board of Management of SGL Carbon SE today decided, with the approval of the Supervisory Board, to restructure the loss-making Carbon Fibers business unit. SGL Carbon will significantly reduce the business activities of Carbon Fibers and focus on a profitable core. Individual solutions are being developed for all Carbon Fibers sites, including the closure of unprofitable sites. On February 23, 2024, SGL Carbon had already announced that it was reviewing all strategic options for the Carbon Fibers business unit. The joint venture Brembo SGL Carbon Ceramic Brakes S.p.A. (BSCCB), which is allocated to the Carbon Fibers business unit for accounting purposes, is not affected by the restructuring. A complete sale of the Business Unit Carbon Fibers was intensively evaluated, but is no longer considered feasible. Dr. Stephan Bühler, the responsible member of the Board of Management of SGL Carbon , explains: “We are in the initial phase of restructuring the Business Unit Carbon Fibers. We therefore ask for your understanding that we are currently unable to provide any specific details regarding individual site closures and the exact restructuring period. Our goal is to quickly begin the implementation in order to create clarity for our employees. We will begin the implementation of the restructuring as quickly as possible in order to contain the operating losses of CF and the associated impact on the entire SGL Carbon in the short term.” The company is expecting one-time cash effects in the amount of approximately €50 million over the next two years due to the extensive restructuring. Carbon Fibers produces textile, acrylic and carbon fibers at seven sites in Europe and North America, with around 870 employees. After a slump in demand for carbon fibers for the wind industry, the business unit's sales and earnings fell significantly in the course of fiscal years 2023 and 2024. “The earlier expectations for carbon fibers as a future material for the automotive industry have not been fulfilled. The wind energy industry was also unable to compensate the shortfall in demand. In combination with increasing global over-capacities, high operating losses were incurred over the last two years, which weighed on the entire SGL Carbon ,” said Andreas Klein, CEO of SGL Carbon , explaining the decision to restructure the Carbon Fiber business. Preliminary sales and adjusted EBITDA 2024 Based on preliminary figures, Carbon Fibers generated sales of around €210 million in fiscal year 2024 (previous year: €224.9 million). According to preliminary figures, the negatively adjusted EBITDA of Carbon Fibers, excluding the share of the earnings of the joint venture BSCCB, amounted to around minus €27 million in fiscal year 2024 (previous year: minus €10.9 million), as expected. The continued weak business development of Carbon Fibers also impacts the group. Based on preliminary figures, group sales of SGL Carbon amounted to approximately €1,026 million (previous year: €1,089.1 million) in fiscal year 2024. Preliminary adjusted EBITDA for the group of approximately €163 million was slightly below the prior-year level (2023: €168.4 million), but in line with the given guidance for 2024. Based on the current economic conditions and forecasts for some of our markets, such as the automotive and semiconductor industries, SGL Carbon expects the market environment to remain challenging in 2025. Further information on the business development in 2024 and the final financial figures can be found in the SGL Carbon Annual Report, which will be published together with the outlook for the current fiscal year on March 20, 2025. About SGL Carbon SGL Carbon is a technology-based company and a world leader in the development and production of carbon-based solutions. Its high-quality materials and products made from specialty graphite, carbon fibers and composites serve many industries that are shaping the trends of the future: climate friendly mobility, aerospace, solar and wind energy, semiconductors, and LEDs as well as the production of fuel cell and other energy storage systems. In addition, SGL Carbon develops solutions for chemical and industrial applications. Further information on SGL Carbon can be found at www.sglcarbon.com/press. Important note: To the extent that our press release contains forward-looking statements, the latter are based on information that is available at present and on our current forecasts and assumptions. Forward-looking statements, by their very nature, entail known as well as unknown risks and uncertainties that may lead to actual developments and events differing substantially from the forward-looking assessments. Forward-looking statements must not be understood to be guarantees. Instead, future developments and events depend on a large number of factors; they comprise various risks and imponderables and are based on assumptions that may possibly turn out not to be appropriate. These include unforeseeable changes to fundamental political, economic, legal and societal conditions, particularly in the context of our main customers’ industries, the competitive situation, interest and exchange rate trends, technological developments as well as other risks and uncertainties. We perceive additional risks e.g. in pricing developments, unforeseeable events in the environment of companies acquired and Group member companies as well as in current cost savings programs from time to time. The SGL Carbon assumes no obligation and does not intend to adjust or otherwise update these forward-looking statements either. SGL Carbon SE Claudia Kellert – Head of Investor Relations, Communications and Corporate Sustainability Soehnleinstrasse 8 65201 Wiesbaden/Germany Telephone +49 611 6029-100 Fax +49 611 6029-101 press@sglcarbon.com www.sglcarbon.com   18.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	SGL CARBON SE
	Söhnleinstraße 8
	65201 Wiesbaden
	Germany
Phone:	+49 (0)611 6029 - 0
Fax:	+49 (0)611 6029 - 101
E-mail:	investor-relations@sglcarbon.com
Internet:	www.sglcarbon.com
ISIN:	DE0007235301, DE000A30VKB5, DE000A351SD3
WKN:	723530
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	2088165

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