GrafTech: Some Green Shoots, But A Long Way To Go
GrafTech International Ltd. has reported a 12% increase in Q1 sales year-over-year, although it continues to face significant losses and high net debt. The company is implementing price hikes and cost reductions in an effort to achieve break-even results. Despite some positive signs, the equity remains speculative due to liquidity issues and the need for operational improvements ahead of a 2029 debt maturity.
- ▪GrafTech's Q1 sales increased by 12% compared to the previous year.
- ▪EBITDA losses narrowed to $13 million as the company raised prices on uncommitted volumes.
- ▪The company is targeting 5-10% volume growth and cost reductions to support break-even results.
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