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06.09.2022

SGL Carbon increases sales and earnings guidance again for 2022

Due to the continued good business development, especially in the Carbon Fibers Business Unit, SGL Carbon SE is increasing its Group sales and earnings guidance for the current fiscal year and now expects Group sales of approximately €1.2 billion (previously: approximately €1.1 billion). The company expects to achieve adjusted EBITDA (EBITDA pre = earnings before interest, taxes, depreciation and amortization before one-off effects and non-recurring items) of €170 - €190 million (previously: €130 - €150 million) in 2022.

Based on lower prices for acrylonitrile as main raw material of the Business Unit Carbon Fibers as well as higher than expected customer demand for acrylic and carbon fibers combined with consistently good production capacity utilization and capability, the management of SGL Carbon SE assumes an improved earnings development of this Business Unit.

Due to the continued good business development, especially in the Carbon Fibers Business Unit, SGL Carbon SE is increasing its Group sales and earnings guidance for the current fiscal year and now expects Group sales of approximately €1.2 billion (previously: approximately €1.1 billion). The company expects to achieve adjusted EBITDA (EBITDA pre = earnings before interest, taxes, depreciation and amortization before one-off effects and non-recurring items) of €170 - €190 million (previously: €130 - €150 million) in 2022.

Based on lower prices for acrylonitrile as main raw material of the Business Unit Carbon Fibers as well as higher than expected customer demand for acrylic and carbon fibers combined with consistently good production capacity utilization and capability, the management of SGL Carbon SE assumes an improved earnings development of this Business Unit.

SGL Carbon assumes that the factors mentioned will continue at least until the end of the year and that the earnings situation of the Business Unit Carbon Fibers will exceed previous expectations. Combined with the continued good business development of the other three Business Units (Graphite Solutions, Process Technology and Composite Solutions), an improvement in the sales and earnings situation at Group level is expected.

In line with the forecast increase for adjusted EBITDA (EBITDA pre) to between €170 and €190 million (previously: €130 - €150 million), the company is forecasting adjusted EBIT (earnings before interest and taxes and before one-off effects and non-recurring items) of between €110 and €130 million (previously: €70 - €90 million). The forecast for return on capital employed (ROCE) of originally 7% - 9% has been raised to 10% to 12% corresponding to the development of earnings. The expectations for free cash flow (significantly below previous year's level of €111.5 million) remain unaffected by the expected improvement in sales and earnings.

The updated forecast for fiscal 2022 has been prepared on the basis of the currently prevailing market environment and assumes no deterioration in the general conditions, in particular due to the war in Ukraine and its consequences for the global economy.
 
The definition of key figures used in this release is aligned to the Annual Report 2021. There were no changes in the scope of consolidation or accounting methods compared with the previous guidance.

Source:

SGL CARBON SE

24.05.2022

INDA Releases 2022 Nonwovens Supply Report

Report Offers INDA Members Key Metrics to Assist in Strategic Planning and Investments

INDA, the Association of the Nonwovens Fabrics Industry, announces publication of the ninth edition of the annual North American Nonwovens Supply Report for its members.

Based on extensive research, producer surveys and interviews with industry leaders, the report provides an overall view of North American supply, including the key metrics of capacity, production and operating rates, in addition to regional trade, through the year 2021. The 75-page report contains 36 figures and 11 tables.

Findings from this year’s Supply Report include:

Report Offers INDA Members Key Metrics to Assist in Strategic Planning and Investments

INDA, the Association of the Nonwovens Fabrics Industry, announces publication of the ninth edition of the annual North American Nonwovens Supply Report for its members.

Based on extensive research, producer surveys and interviews with industry leaders, the report provides an overall view of North American supply, including the key metrics of capacity, production and operating rates, in addition to regional trade, through the year 2021. The 75-page report contains 36 figures and 11 tables.

Findings from this year’s Supply Report include:

  • North American capacity continues to increase with investments being made across all the processes and for a variety of end-uses. Production output exceeded that of new capacity, resulting in the industry’s nameplate capacity utilization increasing year-over-year, for the fourth consecutive year.
     
  • In 2021, capacity of nonwovens in North America reached 5.540 million tonnes, an increase from the previous year of 1.8% (net growth of 98,300 tonnes) and an improvement over the previous year’s pandemic-impacted growth rate of 0.5%.
     
  • The industry was able to quickly react to the demand for electrostatically charged fine-fiber meltblown used in the manufacture of respirators and pleated face masks. Twenty-two meltblown lines were added in 2020, resulting in 7.2% year-over-year growth rate for meltblown. In 2021, another 12 lines were added, resulting in 8.5% annual growth over 2020.
     
  • North American imports, in tonnage, increased 1.6% in 2021 as exports decreased 6.0%. Imports were led by China accounting for 39% of the imports into North America followed by India (14%) and Germany (9%). Even with the significant shifts in North American trade dynamics, nonwovens tend to stay where they are produced, with the net trade balance (imports less exports, 422,100 tonnes) accounting for less than ten percent of the region’s capacity

The report—and the quarterly INDA Market Pulse and monthly Price Trends Summary—are provided to the nearly 400 INDA member companies and associates as part of their membership. The data gathered for this annual report serves as the foundation for the both the biannual Global Nonwoven Market Report published in September of 2021 and the biannual North American Nonwovens Industry Outlook, which will be updated and published this fall.

More information:
nonwovens INDA
Source:

INDA

30.11.2021

Lenzing Managing Board proposes dividend of EUR 4.35

The Managing Board of Lenzing AG, a leading manufacturer of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of EUR 4.35 for the 2021 financial year. This dividend proposal reflects the suspended dividends from 2019 and 2020.

The total dividend payout to shareholders will amount to about EUR 115,492,500, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 09, 2022 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 26, 2022.

The Annual Report of the Lenzing AG for the 2021 financial year will be published on March 10, 2022.

The Managing Board of Lenzing AG, a leading manufacturer of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of EUR 4.35 for the 2021 financial year. This dividend proposal reflects the suspended dividends from 2019 and 2020.

The total dividend payout to shareholders will amount to about EUR 115,492,500, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 09, 2022 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 26, 2022.

The Annual Report of the Lenzing AG for the 2021 financial year will be published on March 10, 2022.

More information:
Lenzing AG dividend
Source:

Lenzing AG