SFC Energy AG announces preliminary consolidated figures 2015

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

2016-03-03 / 07:30
The issuer is solely responsible for the content of this announcement.

SFC Energy AG - Corporate News

SFC Energy announces preliminary consolidated figures 2015

- 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

Brunnthal/Munich, Germany, March 3, 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).

SFC Investor Relations

SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-377
Fax. +49 89 673 592-169
Email: [email protected]
Web: www.sfc.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 898 27 227
Email: [email protected]salliance.de

2016-03-03 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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