India, July 14 -- SGL Carbon SE (SGLFF), a German maker of products from carbon, on Monday recorded a decline in preliminary sales for the first half, mainly due to continued restraint in demand from semiconductor customers for special graphite components. In addition, the Carbon Fibers business recorded lower sales based on the discontinuation of unprofitable business activities as part of the restructuring.
For the six-month period, the company registered sales of 453.2 million euros, less than 538 million euros in the same period last year.
The cost savings resulting from the restructuring of Carbon Fibers business were unable to offset the missing earnings contributions from the decline in the high-margin semiconductor business. As a ...