SGL released preliminary figures, which are quite positive and made management so enthusiastic that it lifted the guidance. The top line is expected to be marginally up (+3%), but the EBITDA before one-offs target is lifted by +23% as well as a positive net result. This upgrade looks impressive and is a positive surprise. We are struggling a bit in understanding the stronger profit increase compared to the EBITDA one.
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Chasing for higher targets
SGL released preliminary figures, which are quite positive and made management so enthusiastic that it lifted the guidance. The top line is expected to be marginally up (+3%), but the EBITDA before one-offs target is lifted by +23% as well as a positive net result. This upgrade looks impressive and is a positive surprise. We are struggling a bit in understanding the stronger profit increase compared to the EBITDA one.