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SFC Energy AG / Key word(s): Change in Forecast
SFC Energy AG: EBIT forecast for 2021 above expectations - Adjustment of forecast
Brunnthal/Munich, 10 November 2021 - SFC Energy AG (also "Company") saw a strong growth and an increased capacity utilization with an improved product mix in the third quarter of 2021. Despite some postponements in the delivery of products by the Company into the financial year 2022 due to the delayed supply of individual components, key earnings figures of the group in this currently positive environment are above the Company's previous expectations. According to preliminary unaudited financial data, SFC Energy AG generated consolidated sales of approximately EUR 46.48 million in the first three quarters of the financial year 2021 (Q1 to Q3 of previous year: EUR 39.21 million); adjusted EBITDA amounted to EUR 5.79 million in the first three quarters of 2021 (Q1 to Q3 of previous year: EUR 2.23 million).
Against this background, the Management Board concretises the forecast for the current fiscal year 2021 in terms of consolidated sales from previously EUR 61 million to EUR 70 million to now EUR 61 million to EUR 65 million and increases the forecast for EBITDA adjusted from previously EUR 4.75 million to EUR 6.0 million to now EUR 5.7 million to EUR 7.3 million and for EBIT adjusted from previously EUR 0.35 million to EUR 1.6 million to now EUR 1.6 million to EUR 3.1 million.
Further details and the final financial figures for the third quarter of 2021 will be published in the quarterly announcement as at 30 September 2021 on 15 November 2021.
This publication may contain forward-looking statements, estimates, opinions and projections with respect to anticipated future performance of the SFC Energy AG ("Forward-Looking Statements"). These Forward-Looking Statements can be identified by the use of forward-looking terminology, including, but not limited to, the terms "expects", "plans", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These Forward-Looking Statements include all matters that are not historical facts. Forward-Looking Statements are based on the current views, expectations and assumptions of the management of SFC Energy AG and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-Looking Statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any Forward-Looking Statements only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, Forward-Looking Statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such Forward-Looking Statements and assumptions.
10-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
SFC Energy AG
+49 (89) 673 592 - 100
+49 (89) 673 592 - 169
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