SFC Energy AG: preliminary 2013 results in-line with guidance

DGAP-News: SFC Energy AG / Key word(s): Preliminary Results
04.02.2014 / 07:27

SFC Energy AG - Corporate News - ISIN DE0007568578: SFC Energy AG: Preliminary 2013 results in-line with guidance * Total revenues of EUR 32.4m; underlying EBITDA of EUR minus 2.2m * Strong growth expected this year
* Revenues guidance of EUR 55-60m for 2014
Brunnthal/Munich, February 04, 2014 - SFC Energy AG, a leading provider of decentralised energy solutions, today announced preliminary, unaudited results for the 2013 fiscal year.
SFC Energy recorded revenues of EUR 32.4m in 2013 which were in-line with the reduced guidance Management gave in October. On the earnings side, SFC Energy generated underlying EBITDA of EUR minus 2.2m (2012: EUR 0.8m), ahead of October guidance of EUR minus 2.5m to EUR minus 3.0m. The decrease over previous year was due to lower revenues, especially in the high margin defence fuel cell business.
The Company's underlying EBIT was EUR minus 4.2m (2012: EUR minus 1.0m). This excludes a number of one-off items, including restructuring, goodwill amortisation and acquisition costs as well as the effects from the IFRS treatment of Simark's purchase price and the purchase price allocation. Outlook
SFC Energy entered 2014 with good order visibility especially in the North American oil and gas market. Management believes that, with this solid foundation, the Company can deliver, this year, total revenues of between EUR 55-60m, with a positive underlying EBITDA.

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]

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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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart  
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