DGAP-News

SFC Energy Reports Third Quarter 2015 Financial and Operating Results, Revenue and Profit Warning

DGAP-News: SFC Energy AG / Key word(s): 9-month figures
SFC Energy Reports Third Quarter 2015 Financial and Operating Results,
Revenue and Profit Warning

09.11.2015 / 15:15

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SFC Energy AG - Corporate News

SFC Energy Reports Third Quarter 2015 Financial and Operating Results,
Revenue and Profit Warning

- Consolidated third quarter 2015 revenues increased to EUR 11.5 million
(Prior year period: EUR 11.2 million)

- Improved underlying EBITDA of EUR -0.4 million in Q3 20115 (Prior year
period: EUR -0.8 million)

- New revenue guidance for 2015 of c. EUR 48-50 million and lower
profitability than in 2014

Brunnthal/Munich, Germany, November 09, 2015 - SFC Energy AG (F3C:DE. ISIN:
DE0007568578), a leading international supplier of stationary and mobile
hybrid power supply solutions on the basis of fuel cells, today announced
financial results for the third quarter and nine months of 2015.

Management Commentary

"The third quarter of 2015 was characterized by a seasonally weak business
environment for SFC Energy. This made the important milestones we reached
in the civil and the defense markets on our way towards sustainable
operative growth all the more gratifying. In our Industry segment we
received orders from market leading customers like Toyota Tsusho and
Volkswagen/BAG. After the success of our fuel cells in oil & gas
applications in North America, we see the inclusion of our EFOY Pro fuel
cell in a solution officially qualified for Gazprom's vendor list as an
accolade for the reputation of our products in international applications.
Our Defense and Security business has significantly gained momentum over
the past months. In the third quarter alone, we were able to win three
important orders of two defense organizations. However, we were notified
that an important defense project planned for Q4/15 will be postponed into
the first half of 2016. Even though conditions in the Oil & Gas segment
have remained challenging, we were able to maintain business in this market
in the first nine months with a slight decrease of 3.1% on a comparable
level to the 2014 record year," says Dr. Peter Podesser, CEO of SFC Energy.

Financial Performance

Revenues

In the third quarter of 2015 revenues of SFC Energy rose by 3.4% to EUR
11.5 million, compared to EUR 11.2 million in the same period 2014. The
order backlog was EUR 10.3 million at the end of September 2015.

In the first nine months of the ongoing business year SFC Energy generated
revenues of EUR 36.3 million, compared to EUR 37.3 million in the same