From the Sector

• Group sales increases by approximately 6 percent compared to the prior year period to 832 million euros due to organic growth in the market segments Digitization, Energy and Chemicals
• Group recurring EBIT at around 54 million euros; adjusted for a positive one-time effect in the prior year approximately on the comparable level of the prior year
• Business unit Composites – Fibers & Materials (CFM) deteriorated substantially in the third quarter 2019 due to the weak development in the market segments Textile Fibers, Wind Energy and Industrial Applications; Graphite Materials & Systems (GMS) developed better than expected on the very good level of the prior quarter reaching overall a record high level in 9M/2019
• Free cash flow from continuing operations improved significantly in the first nine months
• Impairment testing triggers a non-cash impairment charge of approximately 75 million euros in CFM in the third quarter
• Revised guidance of October 25, 2019: Recurring EBIT at CFM in a negative mid-to-high single digit million euros amount and on Group level at 45 to 50 million euros
• Countermeasures initiated to improve earnings of CFM
• Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: ”The structural growth drivers remain intact in our strategically relevant markets. The countermeasures to improve earnings of CFM will be implemented consistently.”

In the third quarter 2019, the business units of SGL Carbon developed very differently. While Graphite Materials & Systems (GMS) showed better than expected results, Composites – Fibers & Materials (CFM) deteriorated compared to the two previous quarters. This is attributable to the weaker development in the market segments Textile Fibers and Industrial Applications. In total, sales revenue in the first nine months 2019 grew by approximately 6 percent to reach 832 million euros. Recurring Group EBIT after nine months reached approximately 54 million euros. Adjusted for a positive one-time effect in the prior year, this was comparable to the prior year level.

In its ad-hoc notification of October 25, 2019, the company revised its guidance for recurring EBIT of CFM downwards to a negative mid to high single digit million euro amount. On the Group level the company now expects a recurring EBIT at 45 to 50 million euros. Due to the lower starting point in 2019 as well as the ongoing weakness in the market segments Textile Fibers and Industrial Applications in the business unit CFM a non-cash impairment charge in the amount of approximately 75 million euros was recorded in the third quarter 2019. In recent years acquired assets of the former joint ventures with BMW and Benteler were not affected by this impairment. In addition, the impairment charge of CFM led to a valuation allowance on deferred tax assets in the amount of 7.4 million euros. Against this background, SGL Carbon now expects a net result of approximately minus 100 million euros for fiscal year 2019.

Partnerschaft mit SEH Computertechnik GmbH bietet fiskalkonforme Lösung für Filialhandel und Unternehmen mit mehreren Kassenarbeitsplätzen

Eine strategische Kooperation zwischen dem Netzwerkexperten SEH sowie dem Fiskalexperten Epson erweitert das Angebotsportfolio für Fiskalisierungslösungen in Deutschland. Die EPS TSE Server 3 und EPS TSE Server 8 sind für drei beziehungsweise acht TSE-Module ausgelegt und ermöglichen auf diese Weise die fiskalkonforme Weiterverwendung bestehender Kassenarbeitsplätze. Bei beiden Modellen sind alle TSE-Module von vorne zugänglich.

• Trendthema Circular Economy
• Gastland Äthiopien
• Young-Professionals-Programm
• “Sustain“ mit Blick auf den Einzelhandel der Zukunft
• Schon jetzt registrieren!

Was Menschen aus Textilindustrie und Handel verbindet, ist die Leidenschaft für Baumwolle.

Vom 25. bis 27. März 2020 wird Bremen einmal mehr zum Zentrum der weltweiten Baumwollwirtschaft. Im historischen Rathaus der an Kultur und Geschichte reichen Hansestadt findet unter dem Motto „Passion for Cotton!“ die Internationale Baumwollkonferenz statt. Die Veranstalter rechnen mit bis zu 500 Teilnehmern aus allen Kontinenten der Welt. Dabei sind Wissenschaft wie Praxis gleichermaßen vertreten. Initiatoren und Organisatoren sind traditionsgemäß die Bremer Baumwollbörse und das Faserinstitut Bremen (FIBRE).

Keynotes kompetenter Referenten zum Status quo und zu den Herausforderungen der Branche bilden den Auftakt zur Tagung. Die darauf folgenden thematisch gegliederten Sessions sind von hochkarätigen Vorträgen zu branchenrelevanten Themen der Supply Chain geprägt. Hier stehen die Referenten den Zuhörern Rede und Antwort und es ist genügend Zeit für einen Austausch vorhanden.
Das vieldiskutierte Branchenthema der Bremer Baumwolltagung ist die „Circular Economy“. Im Kern beschäftigt sich die Tagung mit dem Lebenszyklus des natürlichen, nachwachsenden Rohstoffs Baumwolle im Sinne einer Kreislaufwirtschaft. In Anlehnung an einen „Cradle to Cradle“-Prozess beginnt der Zyklus bei seinem natürlichen Ursprung, läuft über diverse Stationen der Verarbeitung, um dann am Ende wieder seinem biologischen Ursprung zugeführt zu werden. Prozessual betrachtet werden Formen des Rohstoffanbaus, der Weiterverarbeitung des Rohstoffs und seine Wiederverwertbarkeit in Sinne von Ressourcenschonung und nicht zu vergessen seine biologische Abbaubarkeit. Transparenz und Rückverfolgbarkeit spielen hierbei ebenso eine wesentliche Rolle.

Erstmals wird auf der kommenden Tagung ein Gastland präsentiert. Mit Äthiopien wurde ein Land ausgewählt, in dem Baumwolle produziert und auch verarbeitet wird. Der Blick richtet sich auf ein Entwicklungs- bzw. Schwellenland, in dem in letzter Zeit viel auf dem Weg gebracht wurde, um vorhandene Strukturen im Baumwollanbau und in der -verarbeitung positiv weiterzuentwickeln.

Mehr noch: Zur Tagung wird es ein Young-Professionals-Programm geben. Angehende Experten respektive Berufsanfänger z. B. aus den Bereichen Baumwollhandel, Beschaffung, Design, Produktmanagement, Textiltechnik sollen Einblicke in die globale Baumwoll- und Textilindustrie aus erster Hand erhalten. Referenten und prominente Fachbesucher der Tagung aus Wissenschaft und Praxis stellen sich ihnen auf eigens angesetzten Events persönlich vor.

Ein Bestandteil der ‚Bremen Cotton Week‘ ist auch diesmal die vom Weser-Kurier in enger Kooperation veranstaltete „Sustain“. Die „Sustain“ versteht sich als Konferenz zu Themen der Nachhaltigkeit in Produktion, Konsum und Handel. Diesmal dreht sich unter der Headline „Stadt und Handel - Zukunft des textilen Handels“ alles um die Nahstelle „Handel“. Der Handel ist der Schlüssel zum Verbraucher und entscheidet, was angeboten, verkauft und letztendlich produziert wird.

• Order intake of CHF 524.5 million after nine months
• Order intake for a major project from Egypt booked in October 2019
• Market situation remains challenging
• Real estate sale in Ingolstadt successfully completed
• Outlook 2019

The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30% compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238.0 million).

Order Intake for a Major Project from Egypt Booked
On October 7, 2019, Rieter booked the order intake for the first six projects with Cotton & Textile Industries Holding Company, Cairo (Egypt) of around CHF 165 million. This amount is thus not included in the figures for the third quarter of 2019 and will positively affect the fourth quarter. The sales are anticipated to be realized in the 2020/2021 financial years. The order includes deliveries of compact and ring spinning systems and it is part of a comprehensive modernization program for the Egyptian textile industry.

Market Situation Remains Challenging
The demand for new machinery remained at a low level in the third quarter of 2019. The primary reasons are existing overcapacity in the spinning mills, the trade conflict between the USA and China, as well as political and economic uncertainties in other regions of importance to Rieter. Rieter's market share continues to be at the level of around 30%.

Real Estate Sale in Ingolstadt Successfully Completed
Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP of Düsseldorf (Germany) on September 13, 2019. Rieter expects a non-recurring profit contribution from this transaction on a net profit level of around EUR 60 million.

Outlook 2019
Rieter estimates significantly lower sales for the year 2019 as a whole compared to 2018, and expects a significant drop in the result from the ongoing business. EBIT and net profit are anticipated to be significantly above the levels of the previous year due to the non-recurring profit contribution from the sale of real estate in Ingolstadt (Germany). The cost-cutting measures introduced have been implemented to a great extent.

Mr. Robert Bélanger, President of the Board of Directors of the CTT Group and President of Belt-Tech Products inc., is pleased to announce the appointment of Mr. Olivier Vermeersch as President/Chief Executive Officer of the CTT Group, one of the Collegial Center for Technology Transfer (CCTT) of the Cégep of Saint-Hyacinthe. Mr. Vermeersch succeeds Mr. Jacek Mlynarek from today. Mr. Mlynarek will remain associated to the CTT Group as an Ambassador and Strategic Advisor and - Research and Development, Partnership and Innovation.

The CTT Group Board of Directors and the entire team would like to thank Mr. Mlynarek for the energy and dedication he has devoted over the last 26 years to the development of the CTT Group, which is now recognized as one of the most important Collegial Center for Technology Transfer in Quebec and Canada. In 2009, Mr. Mlynarek received the Innovation System Builder Award from the Quebec Association for the Development of Research and Innovation.

Mr. Vermeersch is in a familiar territory, since he has been working for the CTT Group from the beginning of his career in 1991. In 2014, he was promoted Vice President - Research and Development and more recently, he was appointed as Executive Vice-President. In 2014, he was awarded the prestigious Excellence Award from the “Fonds de recherche du Québec – Nature et technologies”. Mr. Vermeersch will continue to be Chairholder of the NEXTEX Industrial Chair of St-Hyacinthe College, a Canadian NSERC Level 2 Chair in Innovative Technical Textiles, which brings together many of CTT Group's customers.

The Board of Directors of Autoneum Holding Ltd appoints Bernhard Wiehl, the longstanding Head of Finance & Controlling of Business Group Europe, as Chief Financial Officer (CFO) and member of the Group Executive Board with immediate effect. The previous CFO Dr Martin Zwyssig has decided to leave Autoneum.

Bernhard Wiehl has been responsible for Finance & Controlling at Business Group Europe since 2013. Also thanks to his financial leadership, this Business Group with its numerous legal units has become highly profitable in recent years. Prior to joining Autoneum, he held senior finance and controlling positions with various automotive suppliers and has therefore extensive experience in the financial management of internationally active suppliers. Additionally, he is very familiar with the challenges of the automotive industry in a global environment. From 2007 to 2013, he was Head of Finance & Controlling and member of the Executive Board of the Lighting and Electronics division at the German automotive supplier Hella and from 2004 to 2007, among other things, in charge of controlling of the Europedivision of the supplier Hydraulik-Ring. Wiehl started his professional career in 1995 at TRW Automotive in Germany. He studied mechanical and industrial engineering at the Esslingen University of Applied Sciences, Germany, and holds a degree in industrial engineering (FH).

Bernhard Wiehl’s predecessor Dr Martin Zwyssig decided to leave the Company and to take up a new professional challenge. The Board of Directors and CEO Matthias Holzammer thank him for the commitment to the Company and wish him all the best for his professional and private future.

Deterioration in market segments Textile Fibers and Industrial Applications in the business unit CFM will be counteracted with various measures; strategic growth markets remain intact

• Continued weakness in the business unit Composites – Fibers & Materials (CFM) in the final quarter of 2019 due to the further weakening in the market segment Textile Fibers as well as the deteriorated economic environment in the market segment Industrial Applications leads to a guidance adjustment for the full year 2019
• Earnings deterioration at CFM triggers an impairment testing; impairment charge will become necessary
• Initial outlook for 2020
• Comprehensive measures initiated to improve earnings of the CFM business unit
• CFM strategic growth markets automotive and aerospace remain intact
• Growth in higher-margin aerospace business to be accelerated

While the preliminary results for the first nine months 2019 remain, overall, within the scope of the full year outlook outlined in the ad-hoc notification of August 14, 2019 (preliminary 9M/2019 recurring EBIT: Group: approx. €54 million, CFM: approx. minus €2 million, GMS: approx. €71 million, Corporate: approx. minus €15 million), continued weakness is becoming apparent for the final quarter 2019 in the reporting segment Composites – Fibers & Materials (CFM). This is due to the further weakening in the market segment Textile Fibers as well as the deteriorated economic environment in the market segment Industrial Applications.

SGL Carbon therefore now expects for the full year 2019 a recurring EBIT in the reporting segment CFM in a negative mid to high single digit million € amount (previous guidance: positive mid-single digit million € amount). This results in a Group recurring EBIT for the full year 2019 in the magnitude of €45 to 50 million (previous guidance: approx. €55 million).

The earnings deterioration at CFM triggers an impairment testing. Based on the preliminary status of the new five-year plan, a non-cash impairment charge of €70 to 80 million is becoming apparent in CFM mainly due to the lower starting point in 2019 as well as the ongoing weakness in the market segments Textile Fibers and Industrial Applications. This impairment charge will be recorded in the third quarter 2019. In recent years acquired assets of the former joint ventures with BMW and Benteler are not affected by this impairment.

Eco-friendly dyeing auxiliary saves time, water and energy by enabling pre-scouring, dyeing and reduction clearing in a single-bath
Huntsman Textile Effects introduces the breakthrough ERIOPON® E3-SAVE dyeing auxiliary for the new “single-bath scour-dye-reduction clear concept” providing the shortest possible processing cycle for polyester thus saving time, water, energy and cost.

The demand for polyester and man-made fibers is booming as sports and athleisure apparel markets expand rapidly around the world. At the same time, brands, consumers and mills are increasingly focused on sustainability and performance resulting in raising demand for optimization of the costly, time consuming and resource intensive polyester dyeing process.

Developed by Huntsman Textile Effects specifically to meet these challenges, the advanced all-in-one ERIOPON® E3-SAVE dyeing auxiliary is engineered to help the mills achieve considerable savings in the water, energy and time for the intensive process of dyeing polyester and its blends by combining pre-scouring, dyeing and reduction clearing in a single bath.

Graf introduces at ShanghaiTex three novelties for the textile market: a new card clothing with up to 30% longer lifetime, a height adjustable comb and a helpful solution for card clothing management.
MULTISHARP, the unique wear resistant alloy for card clothings, increases the lifetime of metallic card clothings on the cylinder by up to 30%. Additionally, the work load of the maintenance team can be minimized by providing longer service cycles and less unplanned downtimes.

The yield on raw material can be increased without compromising the quality requirements – thanks to the continuous height adjustability of the new combs series. The continuous and exact gap setting between nipper and circular comb on each individual combing head provides customers a new level on raw material utilization. Additionally, the maintenance people will appreciate the comfortable and easy installation of the circular comb.

With the card clothing management the overall investment costs can be reduced. This is based on minimizing the operational expenses including optimizing the overall equipment effectiveness. Graf’s card clothing management prolongs the lifetime of flexible flats by up to three times without comprising on the quality parameters throughout the entire life cycle.

Suessen presents the new compacting devices for high flexibility, new weighting arms and premium rotor spinning components for excellent yarn quality.
COMPACTeasy is the new mechanical compacting device available as a plugon/ plug-off unit for any ring spinning machine type and suitable for most common applications like cotton, man-made fibers and blends. COMPACTeasy is the solution in compacting without additional energy requirement.

New EliTe is a versatile compact-spinning system with new innovative components. The customers profit from higher productivity, better quality and lower operational costs. Upgrade packages and spare parts packages enable the customers to benefit also on existing installations.

The new Top Weighting Arm HP 4080 for roving frames offers a new design for easy settings and improved stability. In addition, consistent yarn quality over the lifetime is guaranteed.