SGL Carbon SE (SGL), the German maker of carbon materials that Bayerische Motoren Werke AG (BMW) (BMW) and Volkswagen AG (VOW) (VOW) own stakes in, scaled back its forecast after predicting its rotor-blades materials unit will remain unprofitable.
It’s currently “difficult to assess´´ whether the company will reach a target of generating earnings before interest and taxes of at least 12 percent by the end of the year, Wiesbaden, Germany-based SGL Carbon in a statement today. Sales and earnings will improve both this year and next, and the margin target will be reached in 2013, it said.
Last year was the year ‘‘in which carbon -- our material -- achieved significant public awareness,’’ Chief Executive Officer Robert Koehler said in the statement. ‘‘We fully intend to benefit from this trend in the coming years.’’
Narrowing losses at the division that makes materials for rotor blades may not be enough to help the company’s carbon- fibers business generate a profit, SGL Carbon said.
The company will buy an 86 percent stake in Fisipe-Fibras Sinteticas de Portugal SA, a maker of synthetic fibers, for about 25 million euros ($33 million) to get access to more raw materials for carbon fibers, SGL said today in a separate statement.
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