WIESBADEN (dpa-AFX) - The carbon fiber specialist is considering a divestment of its carbon fiber and composite materials business. All options for the Carbon Fibers business unit are being examined, including a partial sale and a complete disposal, the company, which is listed in the second-line index SDax, announced on Friday evening. "After the restructuring in the years 2020 to 2022 and the stabilization year 2023, SGL Carbon is preparing for the next step of profitable growth," said CEO Torsten Derr according to the press release. The share price rose by almost three percent on the Tradegate trading platform compared to the Xetra close

Based on the first nine months of 2023, a 21.9 percent share of sales - or around 180 million euros - is therefore on the cards. Carbon Fibers reportedly produces textile, acrylic and carbon fibers as well as composite materials at seven locations in Europe and North America. Following the temporary slump in demand for carbon fibers from the important wind industry market, the business unit's revenue and earnings slumped in the course of 2023./mis/edh