DGAP-Adhoc: SGL CARBON SE: 'SGL2015' cost savings program intended to generate savings of approximately EUR150 million

SGL CARBON SE / Key word(s): Restructure of Company

23.09.2013 08:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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* Group-wide package of measures affecting production facilities,
organizational structure and portfolio
* Savings of approximately EUR150 million targeted, based on actual costs
2012
* Implementation planned mainly for 2013 and 2014 already

Wiesbaden, September 23, 2013. As part of the 'SGL2015' cost savings
program announced at the beginning of August, SGL Group - The Carbon
Company - has initiated a comprehensive package of measures. This package
comprises the global production network, the organizational structure as
well as the Group's portfolio and is targeted to achieve cost savings
totaling approximately EUR150 million by the end of 2015, based on the
actual costs for 2012. Thereof savings of EUR50 million will already be
realised in 2013. In connection with the program, there will be
non-recurring expenses and extraordinary write-downs which will be
recognized in accordance with IFRS in a timely manner, most of which should
be accounted for with the 2013 annual financial results already.

Together with the Company's top management the Board of Management has
developed the packages of measures for the group-wide 'SGL2015' cost
savings program that are to be implemented largely in 2013 and 2014. It has
been achieved in close cooperation with the Supervisory Board which will
follow the respective implementation continuously. SGL Group has set it
selves the goal of achieving cost savings by the end of 2015 totaling
approximately EUR150 million with 'SGL2015'. The objective of 'SGL2015' is
to sustainably enhance SGL Group's competitive position and simultaneously
improve its profitability.'

With the program SGL Group responds to the difficult market conditions,
characterized especially by unsatisfactory price developments in graphite
electrodes, a cyclical downturn in our graphite specialties business as
well as ongoing losses in the Business Area Carbon Fibers & Composites due
to delays in the development and start-up phase.

Review of production network and portfolio
In particular, the global production network will be adjusted to the
changed circumstances. This realignment is expected to improve capacity
utilization and reduce fixed costs and includes a review of the production
sites as well as potential relocating of production and consolidation of
processes at certain sites within the production network. The restructuring
of the Company's portfolio comprises the potential relocation or transfer
of activities into partnerships as well the possible termination or
disposal of non-core activities.

Efficiency gains through the streamlining of organizational structures
Along with the streamlining of the activities and the portfolio, the
Company will also review and adjust its organizational structures. This
will lead to a simplification of business processes and the streamlining of
management structures.

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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: investor-relations@sglgroup.com
Internet: www.sglgroup.de
ISIN: DE0007235301
WKN: 723530
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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