In the past, SGL had been a clear candidate for collapsing margins in any kind of crisis. Management has done much to the operational structure and costs. This is now paying off in tough times, seen in the resilient margin development, partly helped by a one-off (just for the sake of clarity).
The Q1 figures were ahead of our expectations and look also stronger than anticipated by management.
06 May 2022
With higher profitability in a crisis
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With higher profitability in a crisis
In the past, SGL had been a clear candidate for collapsing margins in any kind of crisis. Management has done much to the operational structure and costs. This is now paying off in tough times, seen in the resilient margin development, partly helped by a one-off (just for the sake of clarity).
The Q1 figures were ahead of our expectations and look also stronger than anticipated by management.