As previously guided, SGL Group’s Q2/2012 EBIT on the Group level will approximately reach the level of Q1/2012 Group EBIT.

However, while the Business Areas Performance Products and Graphite Materials & Systems continue to perform as anticipated, the Business Area Carbon Fibers & Composites (BA CFC) is facing additional delays in military and civil aviation projects, a major production facility shutdown of a customer in the wind industry on top of an overall weak demand envi-ronment for industrial carbon fibers in particular.

As a result, EBIT in BA CFC in Q2/2012 did not show the expected improvement over Q1/2012 but will remain approximately on the level of the Q1/2012 loss of €8 million.

As the end market conditions of the BA CFC show no immediate signs of improvement, we now expect full year 2012 BA CFC losses to be higher than in 2011 versus the pre-vious expectations of a loss reduction. Nevertheless, the Company expects the BA CFC losses in the second half to improve compared to the first half of this year.

As a result, full year 2012 Group EBIT is now expected to be in the range of the 2011 full year Group EBIT of €160 million.