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DGAP-Adhoc: SGL CARBON SE: Following the analysis of the actual results of the business unit Composites - Fibers & Materials (CFM) in July 2019, SGL Carbon SE is correcting its guidance. Chief Executive Officer Dr. Jürgen Köhler has resigned effective Aug

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DGAP-Ad-hoc: SGL CARBON SE / Key word(s): Change in Forecast/Personnel
SGL CARBON SE: Following the analysis of the actual results of the business
unit Composites - Fibers & Materials (CFM) in July 2019, SGL Carbon SE is
correcting its guidance. Chief Executive Officer Dr. Jürgen Köhler has
resigned effective August 31, 2019

14-Aug-2019 / 21:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*Following the analysis of the actual results of the business unit
Composites - Fibers & Materials (CFM) in July 2019, SGL Carbon SE is
correcting its guidance. Chief Executive Officer Dr. Jürgen Köhler has
resigned effective August 31, 2019.*

Wiesbaden, August 14, 2019: The actual results of July 2019 of the business
unit Composites - Fibers & Materials (CFM) of SGL Carbon show a significant
deviation from our expectations. Analyses of the actual results and the plan
were conducted to clarify, whether this deviation has an impact on the
guidance for the business unit and the Group. As a result, we today correct
our 2019 guidance for the business unit CFM and the Group.

For the business unit CFM, we now expect for the fiscal year 2019 a
recurring EBIT1 in a mid-single digit million EUR amount (previous guidance:
recurring EBIT close to the prior year level of approximately EUR21
million).

The deviation to the previously expected recurring EBIT of the business unit
CFM can be attributed to the following factors, each contributing
approximately to half of the deviation:

- Within the framework of a high-volume contract in the market segment Wind
Energy, which was initially shipped in July 2019, erroneous planning
assumptions were discovered.

- The actual results for July 2019 also document that the anticipated
recovery in the market segment Industrial Applications as well as the
planned earnings improvement measures will not benefit the results in the
second half 2019 in the expected magnitude.

Due to these new findings, counter measures will be required. Amongst
others, restructuring measures are being considered.

This development also results in a new guidance for Group recurring EBIT for
2019: Results in the business unit Graphite Materials & Systems (GMS) and
Corporate, which in total will be a mid-single digit million EUR amount
higher than expected, will only partially be able to compensate for the
deterioration in the business unit CFM. Therefore, we now expect a recurring
Group EBIT approximately EUR10 million below the prior year level (previous
guidance: approximately on prior year level of EUR65 million). Accordingly,
consolidated net results are expected to reach a high single digit million
loss (previous guidance: break-even consolidated net result).

In consideration of these developments, the Group guidance for 2020-2022 is
no longer sustainable. We plan to publish the new guidance after completing
the new Group plan in January 2020 at the latest.

As a consequence of this development, the Chief Executive Officer Dr. Jürgen
Köhler has informed the supervisory board today that he has resigned from
his mandate as Chief Executive Officer effective August 31, 2019. The
Chairwoman of the Supervisory Board has complete respect and understanding
for this decision.

1 The use of KPIs in this notification is aligned to the annual report 2018
which is available under _www.sglcarbon.com [1]. There were no changes to
the scope of consolidation or to valuation methods compared to the previous
guidance._

Information and Explanation of the Issuer to this News:

*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.

14-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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, DE000A2G8VX7
WKN: 723530, A2G8VX7
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 857927

End of Announcement DGAP News Service

857927 14-Aug-2019 CET/CEST


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7e2143a9b640ccbae7a96cf096132999&application_id=857927&site_id=vwd&application_name=news


(END) Dow Jones Newswires

August 14, 2019 15:24 ET ( 19:24 GMT)
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