SGL Carbon Looks Vulnerable to Gas Rationing in Germany -- Market Talk

Dow Jones

Sep 01, 2022

0759 GMT - Gas rationing for SGL Carbon would significantly hit the German carbon and graphite-product manufacturer at a time when high energy prices are already putting its margins under pressure, Berenberg analyst Thomas Junghanns says in a research note. The company is energy-intensive because of its high-temperature production processes and its largest sites are located in Germany, Junghanns says. The company is also vulnerable to price fluctuations in the transportation sector as it ships parts over long distances. "We assume that the company manages to deal with cost inflation in 2022 but anticipate further pressure in 2023 as energy prices are not fully hedged," Junghanns says. (pierre.bertrand@wsj.com)

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September 01, 2022 03:59 ET (07:59 GMT)

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The company is energy-intensive because of its high-temperature production processes and its largest sites are located in Germany, Junghanns says. The company is also vulnerable to price fluctuations in the transportation sector as it ships parts over long distances. \"We assume that the company manages to deal with cost inflation in 2022 but anticipate further pressure in 2023 as energy prices are not fully hedged,\" Junghanns says. (pierre.bertrand@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  September 01, 2022 03:59 ET (07:59 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGL Carbon Looks Vulnerable to Gas Rationing in Germany -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGL Carbon Looks Vulnerable to Gas Rationing in Germany -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-01 15:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0759 GMT - Gas rationing for SGL Carbon would significantly hit the German carbon and graphite-product manufacturer at a time when high energy prices are already putting its margins under pressure, Berenberg analyst Thomas Junghanns says in a research note. The company is energy-intensive because of its high-temperature production processes and its largest sites are located in Germany, Junghanns says. The company is also vulnerable to price fluctuations in the transportation sector as it ships parts over long distances. \"We assume that the company manages to deal with cost inflation in 2022 but anticipate further pressure in 2023 as energy prices are not fully hedged,\" Junghanns says. (pierre.bertrand@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  September 01, 2022 03:59 ET (07:59 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2264426105","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2264426105","pubTimestamp":1662019140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0759 GMT - Gas rationing for SGL Carbon would significantly hit the German carbon and graphite-produ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"SGL Carbon似乎很容易受到德国天然气配给的影响--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGL":1},"content_text":"0759 GMT - Gas rationing for SGL Carbon would significantly hit the German carbon and graphite-product manufacturer at a time when high energy prices are already putting its margins under pressure, Berenberg analyst Thomas Junghanns says in a research note. The company is energy-intensive because of its high-temperature production processes and its largest sites are located in Germany, Junghanns says. The company is also vulnerable to price fluctuations in the transportation sector as it ships parts over long distances. \"We assume that the company manages to deal with cost inflation in 2022 but anticipate further pressure in 2023 as energy prices are not fully hedged,\" Junghanns says. (pierre.bertrand@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  September 01, 2022 03:59 ET (07:59 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}