The company reported Q2 16 results. Revenues declined 3.2% to €191.9m excluding the carved-out business division Performance Products (PP) which is now classified as held for sale and as a discontinued operation. Consequently, all assets and liabilities were adjusted for PP. The adjusted gross margin declined from 18.8% to 17.3%. EBITDA plummeted 57.7% to €14.2m but EBIT improved from a loss of €0.2m to a profit of €1.2m. Net losses excluding PP reached €6.8m and incl
16 Aug 2016
Wanted: investor with deep pockets
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Wanted: investor with deep pockets
SGL Carbon SE (SGL:WBO) | 0 0 -0.4% | Mkt Cap: 1,409m
- Published:
16 Aug 2016 -
Author:
Heinz Steffen -
Pages:
3
The company reported Q2 16 results. Revenues declined 3.2% to €191.9m excluding the carved-out business division Performance Products (PP) which is now classified as held for sale and as a discontinued operation. Consequently, all assets and liabilities were adjusted for PP. The adjusted gross margin declined from 18.8% to 17.3%. EBITDA plummeted 57.7% to €14.2m but EBIT improved from a loss of €0.2m to a profit of €1.2m. Net losses excluding PP reached €6.8m and incl