DGAP-News

SFC Energy AG Reports Third Quarter 2016 Financial and Operating Results - First Signs of Stabilization in the Oil & Gas Segment

DGAP-News: SFC Energy AG / Key word(s): 9-month figures
SFC Energy AG Reports Third Quarter 2016 Financial and Operating Results -
First Signs of Stabilization in the Oil & Gas Segment

08.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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SFC Energy AG - Corporate News - ISIN DE0007568578

SFC Energy AG Reports Third Quarter 2016 Financial and Operating Results -
First Signs of Stabilization in the Oil & Gas Segment

- Consolidated revenues after 9 months 2016 at EUR 31.36 million (prior
year period EUR 36.33 million)

- Segment Security & Industry grows by 9.6 %

- Outlook 2016: Management Board confirms revised revenue guidance of EUR
40 to 42 million with profitability at prior year's level

Brunnthal/Munich, Germany, November 08, 2016 - SFC Energy AG (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 of 2016.

Management Commentary

Dr. Peter Podesser, CEO of SFC Energy AG: "In the third quarter, we were
faced with an unexpected setback in the Defense sector. An expected
contract award to SFC Energy for 2016 will not be placed in the current
financial year. However, the Defense sector remains an important business
area for SFC on the basis of its proven high market potential. The growing
importance of the Security & Industry segment is also reflected by roughly
10 % increase in sales in the first nine months of 2016. First positive
signals are also coming from the Oil & Gas segment, also due to a relative
recovery in the oil price. The very conservative spending behaviour of
SFC's customers observed at the beginning of the year has continued to ease
over the course of the year. Thus, the third quarter was the strongest
quarter in the current financial year in the Oil & Gas segment despite the
usual seasonality."

Revenue Development

In the period January to September 2016 the SFC Energy Group generated
sales of EUR 31.360k. This corresponds to a decline in sales of 13.7 %
compared to the previous year's figure of EUR 36,332k. The reason for this
was essentially a result of the sharp decline in the Oil & Gas segment.

Sales by Segment (unaudited)

Segment in kEUR                Q1-Q3/2016  Q1-Q3/2015
Oil & Gas                      13,970      20,072
Security & Industry            14,536      13,261
Consumer                       2,854       2,999
Total                          31,360      36,332

Segment Performance