IHS Chemical Week

Regions :: Western Europe :: Germany

Dreamliner write-down weighs on SGL's earnings

2:48 AM MST | November 8, 2012 | Sotirios Frantzanas

SGL Group (Wiesbaden, Germany) says its sales increased 12.2% in the nine-month period ended 30 September 2012, to €1.25 billion ($1.59 billion), including a sales contribution of €55.4 million from recently acquired Portuguese subsidiary Fisipe. Net and operating profits decreased 98% and 37% in the first nine months of 2012, to €900,000 and €80.7 million, respectively. Earnings per share dropped 99%, to €0.01. Quarterly figures were not disclosed. The company's results were burdened by a previously announced non-cash...

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