Member access

4-Traders Homepage  >  Shares  >  Xetra  >  SGL Carbon SE    SGL   DE0007235301


SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

SGL Carbon's 1Q Sales Improve, Convertible Notes For Expansion

04/18/2012 | 01:55am US/Eastern

German carbon fiber maker SGL Carbon SE (>> SGL Carbon SE) said Wednesday first quarter sales improved and the group will issue convertible notes to fund the company's expansion in Portugal and China.


-First quarter earnings before interest and tax were unchanged from a year earlier, at EUR36 million.

-Sales during the period rose 5% on the year to EUR382 million.

-The company will issue around EUR240 million in convertible notes, with an option to increase the size of the issue by up to EUR40 million.

-The notes, with a maturity of five years and nine months will be issued to institutional investors outside the U.S. via accelerated bookbuilding.

-Pricing is expected later in the day, and settlement is expected on April 25.

-Commerzbank AG (>> Commerzbank AG), Deutsche Bank (DB) and Morgan Stanley (MS) are joint bookrunners and lead managers.

-Proceeds will be used to fund the purchase of Fibras Sinteticas de Portugal SA and expansion on China's graphite electrodes market.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 

Order free Annual Report for Deutsche Bank AG

Visit or call +44 (0)208 391 6028

Order free Annual Report for SGL Carbon SE

Visit or call +44 (0)208 391 6028

Order free Annual Report for Morgan Stanley

Visit or call +44 (0)208 391 6028

Stocks mentioned in the article : SGL Carbon SE, Commerzbank AG
Recommend :
React to this article
Latest news on SGL CARBON SE
03/10 SGL CARBON SE : 03-10-2014 Implementation of cost savings program SGL2015 as pla..
03/06 SGL CARBON SE : 03-06-2014 SGL Group presents innovative carbon fiber products a..
02/20 SGL CARBON SE : 02-20-2014 Ad hoc: Based on the preliminary results of fiscal ye..
02/17DJSGL CARBON SE : BMW, SGL to Invest More Than EUR100 Million to Double Production..
02/13 SGL CARBON SE : 02-13-2014 Further Optimization of Production Facilities –..
02/11 SGL CARBON SE : 02-11-2014 Start of new SGL Group Isostatic Graphite Production ..
01/17 SGL CARBON SE : 01-17-2014 HITCO Receives Award for Outstanding Quality and Deli..
2013 SGL CARBON SE : 12-20-2013 SGL Group Sells Rotor Blade Activities
2013 SGL CARBON SE : 12-10-2013 SGL Group streamlines Organizational Structures – Imp..
2013 SGL CARBON SE : 12-05-2013 Ad hoc: SGL Carbon SE successfully placed EUR 250 mil..
Duration : Period :
SGL Carbon SE Technical Analysis Chart | SGL | DE0007235301 | 4-Traders
Income Statement Evolution
SGL Carbon SE : Income Statement Evolution
More Financials
Dynamic quotes