SGL’s profitability is now in a much better shape compared to some years ago. After solving the internal issues, the financials are clearly showed the impact of the government’s reluctance to approve new wind turbines. Sales to wind customers fell from €27.2m (Q4 22) to €14.1m in Q1 23.
The reported figures were ahead our expectations.
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SGL’s new robustness
SGL’s profitability is now in a much better shape compared to some years ago. After solving the internal issues, the financials are clearly showed the impact of the government’s reluctance to approve new wind turbines. Sales to wind customers fell from €27.2m (Q4 22) to €14.1m in Q1 23.
The reported figures were ahead our expectations.