SGL’s figures were a positive surprise to us, especially on profitability. The company was able to pass on the higher input costs, some of which had skyrocketed. The FY guidance seems to be impacted by certain learnings from the previous management team, who had to take its guidance off the table. Also, there are many moving parts, which make a more optimistic and lasting guidance rather difficult. 2022 might be another challenging year, but because of uncertain external factors.
24 Mar 2022
Benefiting from high price elasticity
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Benefiting from high price elasticity
SGL’s figures were a positive surprise to us, especially on profitability. The company was able to pass on the higher input costs, some of which had skyrocketed. The FY guidance seems to be impacted by certain learnings from the previous management team, who had to take its guidance off the table. Also, there are many moving parts, which make a more optimistic and lasting guidance rather difficult. 2022 might be another challenging year, but because of uncertain external factors.