SFC Energy AG announces preliminary consolidated figures 2016 - Starts with a high order backlog in the new financial year
DGAP-News: SFC Energy AG / Key word(s): Preliminary Results SFC Energy AG - Corporate News SFC Energy AG announces preliminary consolidated figures 2016 - Starts with a high order backlog in the new financial year - Preliminary consolidated sales declined to c. EUR 44.0 million (prior year: EUR 47.3 million) due to weak Oil & Gas market - Preliminary EBITDA improved to minus EUR 2.5 million (prior year: minus EUR 4.7 million) - Strong Q4/2016: sales at EUR 12.7 million (Q4/2015: EUR 11.0 million), EBITDA positive at EUR 0.2 million (Q4/2015: minus EUR 1.1 million) - Order book more than 40 % above prior year at EUR 16.9 million - Growth and improved profitability expected in 2017 - Information on the guidance for 2017 will be published with the release of the annual report on April 6, 2017 Brunnthal/Munich, Germany, February 16, 2017 - In Q4/2016 SFC Energy achieved sales of EUR 12.7 million (Q4/2015: EUR 11.0 million). The EBITDA was positive at EUR 0.2 million compared to minus EUR 1.1 million in the prior year period. Although, the 2016 financial year was overall dissatisfactory due to the difficult Oil & Gas market, SFC Energy has reached key milestones in its operations, in particular in its important Security & Industry segment. "With oil prices below USD 30 the start into 2016 was challenging. Tight cost control and a strong industry and defense business have enabled us to significantly improve profitability despite lower revenues", says Dr. Peter Podesser, CEO of SFC Energy AG. "With oil prices well ahead of USD 50 we see a significant revival of the Oil & Gas business. In addition, the Defense & Security sector continues to develop very well. We are convinced that our investments in presence and product qualifications have positioned us well to return again to sustainable growth and further improved profitability in 2017", so Mr. Podesser. This assumption is also supported by a high order book at the end of 2016 of EUR 16.9 million, an increase of more than 40% over 2015 (prior year: EUR 11.8 million). The figures announced in this press release are preliminary and unaudited. SFC Energy will publish the final figures for the fiscal year 2016 and information on the Guidance for 2017 in its complete 2016 annual report on April 6, 2017. SFC Energy AG will hold a telephone conference today, February 16, 2017, at 10:00 AM in English for interested investors and representatives. To register please send an email to sh@crossalliance.de. About SFC Energy Group
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16.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |