Performance Carbon

Our Performance Carbon segment specialises in innovating cutting-edge carbon, graphite, and carbide products that deliver outstanding performance.

From power generation to wind turbines, our commitment to the future of carbon technology is apparent through our high-performing electrical carbon products and specialty graphite applications.

Performance Carbon specialises in developing and manufacturing cutting-edge carbon, graphite, and carbide products that deliver outstanding performance. Our expertise drives innovation, helping our customers achieve exceptional performance and efficiency. Our products and technologies are used to enable EVs to charge faster and drive  longer, to maximise the efficiency of wind turbines, to support power generation across the world and to deliver water to drought affected regions. Our products for the security and defence sector help protect lives on land and in the air. The business has manufacturing sites across the world, supported by a comprehensive network of sales offices.

Performance Carbon reported revenue of £345.2 million in 2024,  representing an increase of 5.5% compared with £327.2 million in 2023. On an organic constant-currency* basis, year-on-year revenue increased by 9.3%. Revenue growth reflects good momentum in Clean energy and clean transportation, and in Aerospace and Defence markets, but more challenging conditions in semiconductor markets. Within Semiconductor markets, we saw lower demand for our SiC power semiconductor consumables in the second half of 2024. Performance Carbon delivered operating profit of £47.2 million (2023: £39.9 million), with a 150 bps increase in operating margin of 13.7% (2023: 12.2%). Adjusted operating profit* was £55.1 million (2023: £50.0 million) with an adjusted operating profit margin* of 16.0% (2023: 15.3%), reflecting cost synergies and efficiency gains achieved as a result of the merging of the former  Electrical Carbon and Seals and Bearings businesses into one reporting segment.