Sgl Group Ord (SGLFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A very warm welcome to our today's conference call from our side, from SEL side. Today, as usual, Andreas Klein, our CEO, and Thomas Dippelt, our CFO, will give you a detailed overview about the first quarter 2025 and our expectations for the upcoming months. We will also comment on the restructuring measures already implemented in the carbon fiber business unit. After the presentation, we are looking forward to answer your questions. Now I hand over to our CFO, Thomas De Poldt. Hello, everybody. This is Thomas De Poldt. It's a pleasure for me to guide you through our key figures for the first three months of this year. And as anticipated, and as we also I told you the last time when we presented our full-year figures for the year 2024, we expected some lower demand, especially from the semiconductors industry in this year. And this is exactly what you can see in our performance over the first three months of this year. Our sales dropped by €38 million, which is minus 14%, even though some currencies were even favorable for us. So if you adjust it for currencies, it's even minus, almost minus 15%. and we now reach €234.3 million in our top line. And also our EBITDA is hit quite a bit by minus 20.4%, which is €8.6 million lower than the first three months of last year. Where does this come from? It's mainly a decline in volume and especially in high margin products, and there in particular the silicon carbide market. And you know we have a very high margin there, And when sales drop so much in this respective area, and you have such a high margin, it's very difficult to compensate that with cost savings. And this is the reason why we have to suffer this over-proportional decline in the bottom line compared to the top line. So when we look at the sales split, which you...