On April 2, the 2008 SEGy Group's 2008 financial report released at its headquarters in Wiesbaden showed that the group's sales reached 1,611.5 million euros, an increase of about 17% over the previous year; the profit before interest and taxes was 305.8 million euros, an increase. About 18%; the return on sales is 19%. It is expected that the group will be affected by the global economic recession in 2009, and sales will be lower than in 2008.
Sigir Group Chairman Robert J. Koehler analyzed that since the fourth quarter of last year, the company has felt the initial impact of the economic crisis on business growth, but ultimately completed the set goals, thanks to the rapid growth of the three business departments. And the cost of the €28 million reduced by the SGL Excellence model. Robert J.
Koehler said: "In the face of the crisis year of 2009, due to our broad business scope, sound financial structure and timely response, we are still confident in maintaining a certain level of profit; although SGL Group lowered its 2009 sales forecast, However, our medium-term goal remains the same, that is, to maintain an annual growth rate of 5% to 10%, and the return on sales is not less than 12%.
According to reports, in 2008, SGL Group's energy efficiency products, graphite materials and systems, carbon fiber and composite materials business achieved sustained sales and revenue growth.
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