SGL Group’s 2013 Forecast Below Market Expectations

Reuters reported that due to weak demand for graphite materials used for electronics, SGL Group (OTC Pink:SGLFF), a German graphite specialist, issued a 2013 core earnings forecast that is lower than the market expected.

As quoted in the market news:

SGL, which also makes carbon fibres, on Thursday said profit before interest, taxes, depreciation and amortisation (EBITDA) was likely to fall 10-15 percent below the adjusted EBITDA of 239.7 million euros ($310 million) it reported for 2012.

Click here to read the full Reuters report.