- Preliminary consolidated sales declined to c. EUR 47.3 million (prior
year: EUR 53.6 million) due to weak Oil & Gas market and postponement of
defense project
- Preliminary EBITDA fell to minus EUR 4.7 million (prior year: minus
EUR 1.2 million)
- Growth and improved profitability expected in 2016 - Information on
the guidance for 2016 will be published with the release of the annual
report on April 28, 2016
SFC Energy, a leading provider of hybrid power solutions to the
stationary and mobile power generation markets, today announced its
preliminary consolidated figures for fiscal year 2015. The group's
preliminary sales decreased to c. EUR 47.3 million in the reporting
period compared to EUR 53.6 million in the prior year. Major reasons for
the decline were the weakness in the Oil & Gas market and the
postponement of a large Defense project in 2016. Correspondingly the
profitability of SFC Energy decreased significantly. Preliminary EBITDA
fell from minus EUR 1.2 million in 2014 to minus EUR 4.7 million in 2015.
In Q4/2015 SFC Energy achieved sales of EUR 11.0 million (Q4/2014: EUR
16.3 million). The EBITDA was at minus EUR 1.1 million compared to EUR
1.0 million in the prior year period.
Although, the 2015 financial year was very dissatisfactory, SFC Energy
has reached key milestones in its operations and further progressed in
its business development. "We have set ourselves the task of
continuously improving the efficiency of our business and adjusted our
cost structures to the new economic conditions accordingly, especially
in the difficult Oil & Gas market", says Dr. Peter Podesser, CEO of SFC
Energy. In addition, the expansion of the SFC business portfolio in this
segment should help to overcome this challenging time.
"We also see a significant revival of the global Defense market and
expect attractive growth prospects for the Defense & Security sector
with further orders from security forces in the running business year.
We are convinced that the investments taken in the previous fiscal year
in market presence and product qualifications as well as the newly
established partnerships have positioned our Company well to return
again to sustainable growth and profitability in 2016", so Mr. Podesser.
The figures announced in this press release are preliminary and
unaudited. SFC Energy will publish the final figures for the fiscal year
2015 and information on the Guidance for 2016 in its complete 2015
annual report on April 28, 2016.
About SFC Energy Group
SFC Energy AG (www.sfc.com)
is a leading provider of hybrid solutions to the stationary and portable
power generation markets. SFC is the number one supplier of fuel cells,
with over 34,000 fuel cells sold to date. The Company has award-winning
products and serves a range of applications in the Oil & Gas, Security &
Industry and Consumer markets. The Company is headquartered in
Brunnthal/Munich, Germany, operates production facilities in the
Netherlands, Romania, and Canada, and sales offices in the U.S and
Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard
(WKN: 756857 ISIN: DE0007568578).
Language:
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English
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Company:
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SFC Energy AG
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Eugen-Saenger-Ring 7
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85649 Brunnthal Germany
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Phone:
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+49 (89) 673 592 - 100
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Fax:
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+49 (89) 673 592 - 169
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E-mail:
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info@sfc.com
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Internet:
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www.sfc.com
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ISIN:
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DE0007568578
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WKN:
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756857
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Listed:
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Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial
Market in Berlin,
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Dusseldorf, Munich, Stuttgart
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160302006648/en/
Copyright Business Wire 2016
Source: Business Wire
(March 3, 2016 - 2:23 AM EST)
News by QuoteMedia
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