SGL Group, the world's leading manufacturer of carbon graphite materials and related products, recently announced its latest financial report for the first half of 2009. The data shows that in the first quarter, the West Gree Group still achieved good results in the second quarter of 2009. After-tax profits in the second quarter even slightly exceeded the first quarter, reaching 144 million euros.
(The first quarter was 87 million euros).
Siguri Group CEO Robert Koehler said: "Although our sales have declined, we still maintained a 10% EBIT in the first half of 2009. Considering the current special economic situation, this It is a positive affirmation of our business model. There are indications that the reduction of stocks is coming to an end, especially in the steel industry, production will rise. We expect better development in the second half of 2009."
In the first half of 2009, in the context of the global financial crisis, in addition to the decline in sales of energy efficiency products of one of the three business units of SGL Group, the graphite materials and systems and carbon fiber and composites business units have achieved Certain growth. Among them, sales of carbon fiber and composite materials increased by 37% to 101.7 million euros.
Due to the global financial and economic crisis and the unpredictable prospects, at the press conference on March 18, 2009, SGL Group made a forecast of a decrease in sales and a corresponding decrease in EBIT. Judging from the first quarter of 2009, SGL Group expects that the steel industry's reserves will shrink and will expect better performance in the second half of 2009.
And it is true, many steel producers and manufacturing companies claim that the stock of steel products and raw materials has reached a lower level, such as graphite electrodes. Therefore, capacity utilization is expected to increase. Accordingly, SGL Group believes that the second half of 2009 will gradually perform better than the first half of the year.
(The first quarter was 87 million euros).
Siguri Group CEO Robert Koehler said: "Although our sales have declined, we still maintained a 10% EBIT in the first half of 2009. Considering the current special economic situation, this It is a positive affirmation of our business model. There are indications that the reduction of stocks is coming to an end, especially in the steel industry, production will rise. We expect better development in the second half of 2009."
In the first half of 2009, in the context of the global financial crisis, in addition to the decline in sales of energy efficiency products of one of the three business units of SGL Group, the graphite materials and systems and carbon fiber and composites business units have achieved Certain growth. Among them, sales of carbon fiber and composite materials increased by 37% to 101.7 million euros.
Due to the global financial and economic crisis and the unpredictable prospects, at the press conference on March 18, 2009, SGL Group made a forecast of a decrease in sales and a corresponding decrease in EBIT. Judging from the first quarter of 2009, SGL Group expects that the steel industry's reserves will shrink and will expect better performance in the second half of 2009.
And it is true, many steel producers and manufacturing companies claim that the stock of steel products and raw materials has reached a lower level, such as graphite electrodes. Therefore, capacity utilization is expected to increase. Accordingly, SGL Group believes that the second half of 2009 will gradually perform better than the first half of the year.
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