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SGL Carbon SE (SGCG.DE)

SGCG.DE on Xetra

4.78EUR
1:45pm BST
Change (% chg)

€-0.02 (-0.33%)
Prev Close
€4.80
Open
€4.84
Day's High
€4.84
Day's Low
€4.74
Volume
77,642
Avg. Vol
241,350
52-wk High
€10.58
52-wk Low
€3.57

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Thu, Aug 15 2019

Shares of Germany's SGL tumble after profit warning, CEO resignation

FRANKFURT Shares of German carbon fibre maker SGL Group tumbled 32% to their lowest in nearly 17 years on Thursday after the company withdrew its forecasts for the next three years and said its CEO quit over flawed business planning.

UPDATE 1-Shares of Germany's SGL tumble after profit warning, CEO resignation

* BMW, VW, chairwoman Susanne Klatten hold stakes in SGL (Adds valuation history, background on investor Klatten)

CORRECTED-SGL shares slump as CEO quits, earnings decline

FRANKFURT, Aug 15 Shares in Germany's SGL Group were down 14.5% in early trade after the maker of carbon fibres for auto parts said its chief executive would quit and its earnings prospects for the year had worsened.

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