SGL CARBON SE / Key word(s): Preliminary Results 25.02.2016 18:28 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, February 25, 2016. In accordance with international accounting standards (IAS 36), SGL Carbon SE is obliged to perform both regular and event-driven impairment tests. In preparation for the 2015 financial statements, SGL Carbon SE has identified a need to recognize impairment losses on fixed and other intangible assets in the Group consolidated statements of approximately EUR75 to EUR85 million in the reporting segment Performance Products. The impairment losses relate exclusively to the graphite electrode business. The reason for these non-cash impairment charges, which will be included in the Group consolidated financial statements as of December 31, 2015, is the reduced expectation for graphite electrode pricing in the planning period compared to the prior year. In combination with the impairment charges as described above, the already known restructuring expenses ranging between EUR80 and EUR85 million (mainly due to the announced production facility shutdown in Frankfurt-Griesheim, Germany), as well as the losses of the now divested Aerostructures activities of HITCO in the range of EUR85 to EUR95 million, SGL Carbon SE's net consolidated loss 2015 should range between EUR275 and EUR295 million (2014: net consolidated loss of EUR247 million). The earnings guidance for the development of the 2015 Group EBIT before non-recurring charges (substantial increase compared to 2014) continues to be valid. This will range between EUR30 and EUR35 million (2014: EUR3 million). SGL Carbon SE will publish its annual report 2015 on March 23, 2016. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Important note: This 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. 25.02.2016 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------