21.08.2018 SFC Energy AG  DE0007568578

DGAP-News: SFC Energy AG Posts Best Half-Year Results in Its History - Confirms Guidance for 2018


 
DGAP-News: SFC Energy AG / Key word(s): Half Year Results SFC Energy AG Posts Best Half-Year Results in Its History - Confirms Guidance for 2018 21.08.2018 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SFC Energy AG - Corporate News SFC Energy AG Posts Best Half-Year Results in Its History - Confirms Guidance for 2018 - Consolidated sales rise to EUR 30.86 million (H1 2017: EUR 26.31 million) - Underlying EBITDA improves significantly to EUR 2.13 million (H1 2017: minus EUR 369k) - Positive operating cash flow of EUR1.20 million (H1 2017: minus EUR 1.13 million) - Outlook for 2018 confirmed: Consolidated sales of between EUR 60 million and EUR 64 million and sustainable profitability - significant improvement in underlying EBITDA and underlying EBIT Brunnthal/Munich, August 21, 2018 - SFC Energy AG (F3C:DE, ISIN DE0007568578), a leading international supplier of stationary and mobile hybrid power supply systems based on fuel cells, published its results for the first half of 2018 today. Sales performance SFC Energy AG is looking back on the best half of a financial year in its history. In the period from January to June 2018, the Group generated sales of EUR 30.86 million as compared to EUR 26.31 million in the previous year. This corresponds to an increase of 17.3%, which is primarily attributable to increased growth momentum in the Defense & Security segment, as well as in the Oil & Gas and Industry segments. Sales by segment Segment in million EUR HJ/2018 HJ/2017 Oil & Gas 12.17 11.69 Industry 8.31 7.63 Defense & Security 5.65 1.42 Clean Energy & Mobility 4.73 5.57 Total 30.86 26.31 Performance by segment Oil & Gas In the period under review, the Oil & Gas segment benefited from the continuing relative stability of the oil price and consequently from growing momentum in maintenance investments and in new project business. Sales rose from EUR 11.69 million in the first half of the previous year to EUR 12.17 million in the first half of 2018. On a Canadian dollar basis, sales were increased by more than 11% year-on-year. Industry The Industry segment displayed impressively robust growth again in the reporting period. Sales climbed by 9% from EUR 7.63 million in the previous year to EUR 8.31 million in the first half of 2018. This growth was primarily due to the positive development of the subsidiary PBF Group, which posted growth with existing customers and very pleasing new customer business, particularly with the new product platform. Defense & Security The Defense & Security segment made the greatest contribution to growth in the period under review. Sales increased significantly from EUR 1.42 million in the previous year to EUR 5.65 million in the first half of 2018. This substantial growth was attributable to the defense order from the German armed forces (Bundeswehr) for portable power supply in the amount of EUR 3.6 million and the follow-up order for ruggedized fuel cells from an Asian defense customer. Clean Energy & Mobility Sales in the Clean Energy & Mobility segment were down by EUR 840k year-on-year in the first half-year of 2018. It should be noted that in the previous year a major order for surveillance systems for Singapore had been recognized in sales. In the second quarter of 2018, sales were already up slightly again at EUR 2.38 million as against the same quarter of 2017 (EUR 2.36 million). Sales in the Clean Energy & Mobility segment thus totaled EUR 4.73 million in the first half of the year, down roughly 15% on the previous year's figure of EUR 5.57 million. In the period under review, SFC Energy successfully entered into a partnership agreement with Beijing Green Century Technologies. This company is an established market leader for value-added EMC, electricity, and other electronic component solutions for wind and solar power and for e-mobility, the rail sector, and telecommunications. Beijing Green Century Technologies' wide-reaching distribution network and good connections within the sector will sustainably support the SFC Energy Group's international expansion strategy. For 2018 as a whole, SFC anticipates growth in this segment, too. Earnings performance Gross profit posted a significant increase to EUR 10.57 million in the first half of 2018 (previous year: EUR 7.94 million). The gross margin was increased from 30.2% to 34.3% of sales. The margin increase is a key element in improving the earnings figures. Gross profits by segment Segment in million EUR HJ/2018 HJ/2017 Oil & Gas 3.61 2.72 Industry 2.44 2.61 Defense & Security 2.64 0.64 Clean Energy & Mobility 1.87 1.97 Total 10.57 7.94 Consolidated EBITDA improved significantly from minus EUR 546k in the previous year to plus EUR 1.06 million in the reporting period. Adjusted for non-recurring effects, EBITDA posted a substantial increase to plus EUR 2.13 million (previous year: minus EUR 369k). The Group's EBIT improved to plus EUR 497 k in the first half of 2018 (previous year: minus EUR 1.52 million). Not including non-recurring effects, underlying EBIT came to a positive amount of EUR 1.57 million (previous year: minus EUR 988k). The consolidated net result improved to minus EUR 149k in the period under review after minus EUR 1.82 million in the previous year, and earnings per share in accordance with IFRS (basic and diluted) therefore came to minus EUR 0.02 (previous year: minus EUR 0.20). Statement of financial position Available cash and cash equivalents increased to EUR 7.30 million as of June 30, 2018 (December 31, 2017: EUR 4.41 million). This was chiefly due to the positive cash flow from operating activities and an inflow of cash from financing activities. The issue proceeds from the capital increase provided the company with cash in the amount of EUR 4.22 million. The equity ratio increased from 40.2% as of December 31, 2017, to 46.5% at the end of the first half of 2018. As of June 30, 2018, SFC Energy had 265 permanent employees (December 31, 2017: 258). Outlook for 2018 For the current financial year, the Management Board of SFC Energy AG is optimistic that the company will be able to achieve the announced sales goal of between EUR 60 million and EUR 64 million along with a further significant improvement in underlying EBIT and EBITDA. "Our half-year figures sustainably confirm the growth track that we are moving along. We are observing a robust general increase in demand for clean, efficient and reliable energy supply solutions based on our fuel cell technology. Particularly in the Defense & Security and Oil & Gas business segments, we anticipate increased investments by market participants over the remainder of the year - partly due to the traditional year-end business. The growing demand for clean mobility solutions and the increasing spread of e-mobility will also bring considerable growth opportunities in the medium term. As the world's first fuel cell company to operate profitably, we are therefore optimistic for 2018 as a whole and for the future of SFC Energy AG," says Dr. Peter Podesser, CEO of SFC Energy AG. With regard to the outlook, it should be noted that an average CAD/EUR exchange rate of 1.50 was used for the sales and earnings planning for 2018. Key figures for H1 2018 In million EUR 1/1/ - 30/06/2018 1/1/ - 31/06/2017 Sales 30.86 26.31 Gross profit 10.57 7.94 Gross margin 34.3 % 30.2% EBITDA 1.06 -0.55 EBITDA-margin 3.4% -2.1% EBITDA underlying 2.13 -0.37 EBITDA-margin underlying 6.9% -1.4% EBIT 0.50 -1.52 EBIT-margin 1.6% -5.8% EBIT underlying 1.57 -0.99 EBIT-Marge underlying 5.1% -3.8% Net result -0.15 -1.82 Order backlog 15.81 16.25 Detailed financial information The 2018 half-year report of SFC Energy AG is available for download at www.sfc.com/en/investors/finance. SFC Energy AG will hold a teleconference in English at 9.00 a.m. today, August 21, 2018, for interested investors and media representatives. To register, please send an e-mail to susan.hoffmeister@sfc.com. Zu SFC Energy AG SFC Energy AG ( www.sfc.com) is a leading provider of hybrid solutions to the stationary and portable power generation markets. SFC is the number one supplier of fuel cells, with over 40,000 fuel cells sold to date. The Company has award-winning products and serves a range of applications in the Oil and Gas, Security and Industry, and Consumer markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578). SFC Investor Relations SFC Energy AG Eugen-Sänger-Ring 7 D-85649 Brunnthal Tel. +49 89 673 592-378 Fax. +49 89 673 592-169 Email: ir@sfc.com Web: www.sfc.com CROSS ALLIANCE communication GmbH Susan Hoffmeister Tel. +49 89 898 27227 Email: susan.hoffmeister@sfc.com Web: www.crossalliance.de --------------------------------------------------------------------------- 21.08.2018 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: SFC Energy AG Eugen-Saenger-Ring 7 85649 Brunnthal Germany Phone: +49 (89) 673 592 - 100 Fax: +49 (89) 673 592 - 169 E-mail: ir@sfc.com Internet: www.sfc.com ISIN: DE0007568578 WKN: 756857 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 715415 21.08.2018


Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 31,26 32,41 53,63 47,31 44,04 54,29 61,70 72,00
EBITDA1,2 0,73 -4,47 -1,18 -4,65 -2,51 0,86 2,48 6,30
EBITDA-Marge3 2,34 -13,79 -2,20 -9,83 -5,70 1,58 4,02 8,75
EBIT1,4 -0,52 -8,84 -4,27 -10,65 -4,90 -0,89 1,33 5,10
EBIT-Marge5 -1,66 -27,28 -7,96 -22,51 -11,13 -1,64 2,16 7,08
Jahresüberschuss1 -0,43 -8,91 -4,83 -10,67 -4,99 -2,07 0,00 3,60
Netto-Marge6 -1,38 -27,49 -9,01 -22,55 -11,33 -3,81 0,00 5,00
Cashflow1,7 1,26 -7,31 -3,55 -1,86 -5,23 1,70 2,01 3,60
Ergebnis je Aktie8 -0,06 -1,16 -0,60 -1.24 -0,58 -0,23 0,00 0,36
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
SFC Energy
WKN Kurs in € Einschätzung Börsenwert in Mio. €
756857 11,250 Halten 145,68
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,96 30,56 0,768 -22,18
KBV KCV KUV EV/EBITDA
8,06 72,66 2,36 59,285
Dividende '17 in € Dividende '18 in € Div.-Rendite '18
in %
Hauptversammlung
0,00 0,00 0,00 16.05.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2019 20.08.2019 15.11.2019 25.03.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-11,62% 11,01% 36,20% 35,22%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu SFC Energy AG  ISIN: DE0007568578 können Sie bei DGAP abrufen

Kraftwerke , 756857 , F3C , XETR:F3C