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SBF AG publishes half-year report and confirms preliminary figures with strong revenue growth

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DGAP-News: SBF AG / Key word(s): Half Year Report
27.10.2021 / 08:30
The issuer is solely responsible for the content of this announcement.

SBF AG publishes half-year report and confirms preliminary figures with strong revenue growth

Leipzig, 27 October 2021 -
SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, "SBF") has published its financial report for the first half of 2021. The consolidated financial statements confirm the preliminary figures communicated on August 19, 2021 and illustrate the sustained positive development of the listed supplier of LED lighting systems. In addition, the Management Board confirms the forecast for the full year 2021.

Rudolf Witt, Member of the Management Board of SBF AG comments on the 2021 half-year report as follows: "We look back on a highly positive first half year. Our business model is proving to be extremely robust in a challenging market environment. With the pleasing business development, a strong order pipeline and good capitalization from our last capital increase, we have excellent prerequisites to continue on our growth path."

SBF continues on growth path in first half of 2021
In the first half of 2021, consolidated revenue rose to EUR 15.3 million - a significant increase of more than 50 percent compared to the same period last year (H1 2020: EUR 10.0 million). EBITDA from operations reached EUR 2.3 million in the first half of the year, slightly up on the prior-year figure (H1 2020: EUR 2.2 million). Adjusted for non-recurring expenses for costs in connection with the capital increase as well as legal and consulting fees for the acquisition of Lunux Lighting GmbH, EBITDA even reached 2.9 million euros in the reporting period. This represents a significant increase in an extremely challenging market environment. Due to the COVID 19 pandemic, for example, only reduced production capacities were available at times. In addition, there were supply bottlenecks for important components for products such as semi-finished products, electronic components and aluminum products. With targeted measures on the procurement side and the establishment and expansion of production capacities in Leipzig, the conditions were created for a significant improvement in key earnings figures.

Positive outlook with strong order situation and successful capital increase
Another important milestone was the successful placement of the capital increase with gross proceeds of around EUR 7.8 million in June. The inflow of funds will be used in particular for investments in the expansion of production capacities as well as for research, sales and marketing. SBF thus has a strong financial basis for continuing its growth course.

The Management Board expects sales of more than 33 million euros for fiscal year 2021 (previous year: 21.4 million). EBITDA is expected to increase significantly to 5.6 million euros (previous year: 3.3 million euros). The EBITDA forecast is adjusted for one-time special effects amounting to 0.6 million euros for expenses in connection with the capital increase and legal and consulting fees for the acquisition of Lunux Lighting GmbH.

The half-year report is available on the company's website at https://www.sbf-ag.com/investor-relations/finanzpublikationen/.

About SBF Group:
SBF is a listed supplier of LED lighting systems for rolling stock and industry. With its focus on energy-efficient LED lighting, SBF is benefiting from the megatrends of climate protection and urbanization and expects double-digit growth rates in the coming years.

In the "Rolling Stock" business area, SBF is a tier 1 supplier of complex ceiling and lighting systems for the world's leading rolling stock manufacturers. Strong technological competence, high vertical integration and customized customer solutions are the basis for a leading market position. In the "Industrial Lighting" business area, SBF offers modern and smart LED systems for efficient lighting of roads, railroad stations and industrial plants.

For more information, visit https://www.sbf-ag.com.

Company contact:

SBF AG

Management Board
Zaucheweg 4
04316 Leipzig
Tel: +49 (0)341 65235 894
E-Mail: info@sbf-ag.com

Press contact:

Kirchhoff Consult AG

Alexander Neblung
Borselstraße 20
22765 Hamburg
Tel: +49 (0)40 60 91 86 70
E-Mail: sbf@kirchhoff.de


27.10.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

SBF AG

Zaucheweg 4

04316 Leipzig

Germany

Phone:

+49 (0)341 65235894

E-mail:

info@sbf-ag.com

Internet:

www.sbf-ag.com

ISIN:

DE000A2AAE22

WKN:

A2AAE2

Listed:

Regulated Unofficial Market in Berlin, Frankfurt, Munich (m:access), Stuttgart

EQS News ID:

1243849


 

End of News

DGAP News Service

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