SFC Energy AG announces preliminary consolidated figures 2015
DGAP-News: SFC Energy AG / Key word(s): Preliminary Results
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 -
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.
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2016-03-03 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.