Download Pressemitteilung

SFC Energy AG – Corporate News – ISIN DE0007568578
SFC Energy AG publishes nine-month figures – strong Q4 2014 expected
SFC Energy AG / Key word(s): quarterly results




Revenues up 81 % in the first nine months of 2014 to EUR 37.3 million (9M/2013:
EUR 20.6 million)
Underlying EBITDA in the first nine months of 2014 improved to EUR -1.3 million
(9M/2013: EUR -1.9 million)
Order book of EUR 14.6 million at end of September up around 39 % over previous
year
Outlook: Strong fourth quarter 2014 expected
Brunnthal/Munich, November 6, 2014 –SFC Energy AG (ISIN: DE0007568578), a leading
international supplier of fuel cell based hybrid-power supply solutions, has continued on
its growth course in the first nine months of 2014 – despite usual seasonal weakness in
the third quarter. In the period from January to September 2014, the company generated
revenues of EUR 37.3 million. This represents an 81 % increase in revenues over the prior
year's figure of EUR 20.6 million. The revenue increase is primarily attributable to the
encouraging performance in the Oil & Gas segment. The company’s order backlog stood at
EUR 14.6 million at the end of September, 39 % higher than the prior year and higher than
the previous quarter (EUR 13.7 million), which gives management great confidence for
the future.
Dr. Peter Podesser, CEO of SFC Energy AG, comments: "The high number of new orders is
a direct result of our enhanced sales and marketing efforts in the Industry and Oil & Gas
segments. Particularly encouraging is the fact that all three segments–Oil & Gas, Security
& Industry and Consumer – increased their order backlog by a double-digit percentage."
The customary seasonal weakness of the third quarter affected all three segments this
year. This phenomenon hit the Security & Industry segment particularly hard with two
key projects being postponed, which will now be realized in the last quarter of the year.
Third quarter revenues of EUR 11.2 million were significantly above the previous year's
figure of EUR 7.0 million, driven in particular by the increasing successes in the Oil & Gas
segment. In addition, the signs of increased spending and a lasting recovery in the defense
sector are gaining momentum.
Overall, the encouraging order backlog at September 30 and the traditionally strong
business in all market segments at year-end will provide the basis for a very strong final
quarter of 2014.
An important milestone and a highlight in the third quarter was the presentation of the
company’s new EFOY GO! platform at all the major caravanning trade fairs throughout
Europe. This "mobile power outlet," which is based on pioneering lithium battery
technology, is the portable expansion of the innovative power supply solutions for endSFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal
www.sfc.com
Management: Dr. Peter Podesser (CEO)
Hans Pol, Steffen Schneider
Chairman of the Supervisory Board:
Tim van Delden
Deutsche Bank Muenchen
BLZ 700 700 10, Konto 180 484 800
IBAN: DE54 7007 0010 0180 4848 00
SWIFT-BIC: DEUTDEMM
HypoVereinsbank Muenchen
BLZ 700 202 70, Konto 249 51 55
IBAN: DE55 7002 0270 0002 4951 55
SWIFT-BIC: HYVEDEMM
1/51
AG Muenchen HRB 144 296
USt.-IdNr.: DE813032317
St.-Nr. 143/101/60645
Finanzamt Muenchen
users. Weighing only 5 kg, the light, portable power supply in a sturdy, compact box is
intended for new market segments in the consumer and outdoor Market areas. In
combination with an EFOY fuel cell the company sees enormous market opportunities in
the area of emissions-free emergency home power supply when networks are unstable or
in the wake of (natural) disasters—a market that is experiencing massive growth,
particularly in the United States and Japan. The company expects new momentum from
these new products as early as next year, with significant contributions to revenues
beginning in 2016.
Financial Highlights




Gross profit rose by 61.3% in the first nine months of 2014 to €10.8 million
(9M 2013: €6.7 million).
Underlying EBITDA for the first nine months of 2014 of EUR -1.3 million was above
the figure for the same period last year (9M/2013: EUR -1.9 million)
Underlying EBIT improved in the first nine months of 2014 to EUR -2.4 million
(9M/2013: EUR -3.3 million); in the third quarter of 2014 underlying EBIT stood at
EUR -1.2 million (Q3/2013: EUR -1.7 million)
At the end of the third quarter of 2014, SFC Energy had 246 permanent employees
(September 30, 2013: 259)
New management board member
Since September 1, Steffen Schneider has enhanced the management of SFC Energy as new
CFO. Mr. Schneider is an expert in international finance and capital markets and has
assisted SFC Energy for several years as a financial advisor, being responsible among other
things, for driving the acquisition projects for SFC Energy. In 2007 Mr. Schneider, in his
then position as Director and Co-Head of Corporate Finance at Citigroup in Frankfurt, led
the project team for the successful IPO of SFC Energy. Together with SFC’s CEO, Dr. Peter
Podesser, Mr. Schneider will be a key player in furthering the growth of the company’s
active international capital market strategy.
2/52
SFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal
www.sfc.com
Management: Dr. Peter Podesser (CEO)
Hans Pol, Steffen Schneider
Chairman of the Supervisory Board:
Tim van Delden
Deutsche Bank Muenchen
BLZ 700 700 10, Konto 180 484 800
IBAN: DE54 7007 0010 0180 4848 00
SWIFT-BIC: DEUTDEMM
HypoVereinsbank Muenchen
BLZ 700 202 70, Konto 249 51 55
IBAN: DE55 7002 0270 0002 4951 55
SWIFT-BIC: HYVEDEMM
AG Muenchen HRB 144 296
USt.-IdNr.: DE813032317
St.-Nr. 143/101/60645
Finanzamt Muenchen
Outlook
Dr. Peter Podesser, CEO of SFC Energy AG: "In addition to planned growth in our core
markets, we will continue to tap attractive growth opportunities for new applications,
with our ongoing innovation and our comprehensive product pipeline. Particularly in the
field of back-up and emergency power supply, we see considerable market potential.
Through the stronger weighting of the Oil & Gas business, we have succeeded in reducing
SFC Energy's dependence on economic fluctuations in the Consumer segment and the high
volatility in the Defense sector, thereby making it easier for us to plan for the future with
greater certainty."
Based on the high order backlog and the traditional year-end business with government
customers and in the Oil & Gas sector, Management maintains its expectation of a strong
fourth quarter. In terms of guidance revenues for 2014 are still expected to be between
EUR 55 and 60 million, but most likely toward the lower end of this range. In addition, the
company expects to break even on an underlying EBITDA basis. These expectations are
based on an exchange rate of 1.40 between the Canadian dollar and the euro for the sales
and earnings of the Canadian operations. Current projects, particularly in the Oil & Gas and
Security sector, provide solid visibility for continued rapid growth in 2015.
3/53
SFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal
www.sfc.com
Management: Dr. Peter Podesser (CEO)
Hans Pol, Steffen Schneider
Chairman of the Supervisory Board:
Tim van Delden
Deutsche Bank Muenchen
BLZ 700 700 10, Konto 180 484 800
IBAN: DE54 7007 0010 0180 4848 00
SWIFT-BIC: DEUTDEMM
HypoVereinsbank Muenchen
BLZ 700 202 70, Konto 249 51 55
IBAN: DE55 7002 0270 0002 4951 55
SWIFT-BIC: HYVEDEMM
AG Muenchen HRB 144 296
USt.-IdNr.: DE813032317
St.-Nr. 143/101/60645
Finanzamt Muenchen
Key figures
in million EUR
9M/2014 9M/2013 Q3/2014 Q3/2013
Sales
37.33
20.58
11.16
7.00
Gross profit
10.83
6.72
3.16
1.97
Gross margin
29.0%
32.6%
28.3%
28.2%
EBITDA
-2.14
-2.00
-1.08
-1.23
EBITDA underlying
-1.26
-1.86
-0.77
-1.17
EBITDA margin underlying -3.4%
-9.1%
-6.9%
-16.7%
EBIT
-4.18
-3.59
-1.75
-1.86
EBIT underlying
-2.45
-3.30
-1.15
-1.65
EBIT margin underlying
-6.6%
-16.0%
-10.3%
-23.6%
Net result
-4.52
-3.60
-1.84
-1.84
Order backlog
14.56
10.49
-
-
Notes

When calculating sales revenue and earnings for Canadian operations, the
Management Board assumed an exchange rate of around 1.48 between the
Canadian dollar and the euro.

Underlying EBITDA and EBIT do not include non-recurring effects in connection
with the acquisition of the Oil and Gas business in 2013.
4/54
SFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal
www.sfc.com
Management: Dr. Peter Podesser (CEO)
Hans Pol, Steffen Schneider
Chairman of the Supervisory Board:
Tim van Delden
Deutsche Bank Muenchen
BLZ 700 700 10, Konto 180 484 800
IBAN: DE54 7007 0010 0180 4848 00
SWIFT-BIC: DEUTDEMM
HypoVereinsbank Muenchen
BLZ 700 202 70, Konto 249 51 55
IBAN: DE55 7002 0270 0002 4951 55
SWIFT-BIC: HYVEDEMM
AG Muenchen HRB 144 296
USt.-IdNr.: DE813032317
St.-Nr. 143/101/60645
Finanzamt Muenchen
Detailed financial information
The complete nine-month report of SFC Energy AG can be downloaded from the
Company’s website at http://www.sfc.com/en/investors/financial-reports.
SFC Investor Relations:
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592 378
Fax. +49 89 673 592 369
Email: [email protected]
Web: www.sfc.com
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 89827227
Email: [email protected]
5/55
SFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal
www.sfc.com
Management: Dr. Peter Podesser (CEO)
Hans Pol, Steffen Schneider
Chairman of the Supervisory Board:
Tim van Delden
Deutsche Bank Muenchen
BLZ 700 700 10, Konto 180 484 800
IBAN: DE54 7007 0010 0180 4848 00
SWIFT-BIC: DEUTDEMM
HypoVereinsbank Muenchen
BLZ 700 202 70, Konto 249 51 55
IBAN: DE55 7002 0270 0002 4951 55
SWIFT-BIC: HYVEDEMM
AG Muenchen HRB 144 296
USt.-IdNr.: DE813032317
St.-Nr. 143/101/60645
Finanzamt Muenchen