SFC Energy AG: Change of revenue and earnings guidance for the 2016 business year


SFC Energy AG / Key word(s): Change in Forecast
29.09.2016 12:49

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


SFC Energy AG - Ad-hoc - ISIN DE0007568578

SFC Energy AG: Change of revenue and earnings guidance for the 2016 business year

- Large defense project in Germany planned for 2016 will not be realized     in the current business year

  - Continued uncertainty in Oil & Gas market

- New revenue guidance for 2016 of ca. EUR 40-42 million with respective negative influence on profitability and liquidity
Brunnthal/Munich, Germany, September 29, 2016 - An expected order in the defense market will, due to necessary technical remediation, not be placed in the current business year. The Company is confident to quickly remedy the detected "technical insufficiencies". Moreover, the Company is confident that the defense business will continue to be an important unit of the Company and efforts with customers in this market will be further intensified. Due to this missing order and the continued difficult situation in the Oil & Gas market SFC management expects reduced 2016 revenues of ca. EUR 40-42 million as well as a respectively reduced profitability and liquidity.

The Company is currently working on alternative solutions for timely compensation of the otherwise expected negative effects on liquidity and profitability.

SFC Energy AG
Investor Relations:
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: [email protected]

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 89827227
Email: [email protected]


29.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 
Language:     English
Company:      SFC Energy AG
              Eugen-Saenger-Ring 7
              85649 Brunnthal
              Germany
Phone:        +49 (89) 673 592 - 100
Fax:          +49 (89) 673 592 - 169
E-mail:       [email protected]
Internet:     www.sfc.com
ISIN:         DE0007568578
WKN:          756857
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,               Tradegate Exchange
 
End of Announcement DGAP News-Service  



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