SGL CARBON SE / Key word(s): Preliminary Results 28.01.2015 18:57 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Wiesbaden, January 28, 2015. SGL Carbon SE has completed a challenging fiscal year 2014. As already anticipated in our March 2014 press conference, Group EBIT in 2014 declined substantially compared to the prior year due to the adverse development in graphite electrode pricing and despite the improvement in most other businesses. Nevertheless, according to preliminary results, the Company has slightly surpassed market expectations with a small single digit positive EBIT (before non-recurring effects) in the full year 2014. This slightly positive EBIT (before non-recurring effects) will be significantly burdened by impairment charges, particularly relating to HITCO Carbon Composites, which was classified as asset held for sale in June 2014 and for which we have received an updated appraisal. In addition we anticipate further SGL2015 restructuring charges beyond the forecasted mid double digit million range, especially in the reporting segment Carbon Fibers & Materials (CFM). From today's point of view, these additional restructuring and impairment charges could reach approximately EUR105 million altogether. Including potential tax implications of the extraordinary charges, SGL Group expects a Group net loss of approximately EUR250 million in the full year 2014 (2013: net loss of EUR317 million). Further details on the 2014 results and guidance for fiscal year 2015 will be provided with the publication of our annual report on March 18, 2015. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Important note: This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements. 28.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SGL CARBON SE Söhnleinstraße 8 65201 Wiesbaden Germany Phone: +49 (0)611 6029 - 0 Fax: +49 (0)611 6029 - 101 E-mail: [email protected] Internet: www.sglgroup.de ISIN: DE0007235301 WKN: 723530 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------