SFC Smart Fuel Cell AG shows 150 per cent growth in sales in H1 2007


SFC Smart Fuel Cell AG / Half Year Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

SFC Smart Fuel Cell AG shows 150 per cent growth in sales in H1 2007
Brunnthal, July 16th 2007 – SFC Smart Fuel Cell AG (SFC) has continued to expand and increase profitability in HY1 2007. Sales in the first six months of the current business year improved by 150 per cent from EUR 3.0 million to EUR 7.5 million compared to the same period last year.
The success of the EFOY product line in the leisure activities sector in particular contributed to the strong growth in sales for the supplier of methanol-operated fuel-cell systems. In the first half of 2007 2,372 EYOY fuel cells were distributed; in the same period the previous year there only 697 units were shipped (a growth of 240 per cent). In the military sector, SFC successfully concluded its first commercial contract. 556 'Power Manager' units were shipped to the U.S. Airforce during the first half year.

The product share in sales rose to around 81 per cent compared to 56 per cent in the same period last year, while the share of sales from Joint Development Agreements (JDA) was reduced proportionately. SFC was able simultaneously to reduce considerably the manufacturing costs of both main products, EFOY 1200 and EFOY 1600, by additional 25 per cent per fuel cell. Furthermore SFC concluded cooperation agreements with RV manufacturers Dethleffs as well as Niesmann+Bischoff, as a result of which customers will be offered the fitting of EFOY fuel cells to power the grid-free electrical system. Following Hymer, SFC has thus gained two more leading European RV manufacturers as partners and now supplies a significant part of the German recreational vehicle market.

For the 2007 business year, SFC sees itself on track to double sales from the previous year and to further improve margins of all product lines.
Key data for SFC Smart Fuel Cell AG in accordance with IFRS

01.01.-30.06 01.01.-30.06 Chang(in 2007(1000 Euro) 2006(1000 Euro) %) Sales 7,505 2,999 +150 Gross profit from sales 976 443 +120 EBIT -2,439 -1,109 - Adjusted by one-time effects -1,561 - effects
EBIT margin (in %) -32.5 -37.0 - Adjusted by one-time effects -19.0 - Earnings after taxes -1,295 -1,544 - Earnings per share -0.41 -0.50 -
Fuel Cell units 01.01.-30.06 2007 01.01.-30.06 2006 Change(in %) EFOY A-Series 2,372 697 +240 Power Manager 558 26 +2,046
Contact person:

SFC Smart Fuel Cell AG
Barbara v. Frankenberg
Investor Relations Manager
Eugen-Sänger-Ring 17
D-85649 Brunnthal
Germany

Tel +49 (0)89 673 592 – 368
Fax +49 (0)89 673 592 369
Mobil +49 (0)160-901 88 659
Email: [email protected]
Website: www.efoy.com
DGAP 16.07.2007 

 
Language:     English
Issuer:       SFC Smart Fuel Cell AG
              Eugen-Saenger-Ring 4
              85649 Brunnthal Deutschland
Phone:        +49 (89) 673 592 - 100
Fax:          +49 (89) 673 592 - 169
E-mail:       [email protected]
Internet:     www.sfc.com
ISIN:         DE0007568578
WKN:          756857
Indices:      
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart  
End of News DGAP News-Service  



This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies. Read more

Okay