SBF AG Overcomes 2023 Challenges, Charts Course for Bright Future

• SBF AG achieved its revenue forecast of EUR 34.0 million in 2023, but its adjusted balanced EBITDA was below the earnings forecast.
• The company has initiated strategic alliances and major projects in its "Rolling Stock" business area.
• A cost-cutting program has been initiated in the "Public and Industrial Lighting" business area to increase efficiency.
• SBF AG expects significant revenue growth of between EUR 48 and 50 million in 2024.
• The company has integrated AMS Software & Elektronik GmbH and introduced an internal program to increase efficiency.
• Despite challenging conditions, SBF AG maintained a high level of Group revenue in 2023, but earnings were below forecast due to a weak economic environment, higher procurement prices, increased personnel expenses, and project postponements.

The price of SBF at the time of the news was 3,2500EUR and was down -1,22 % compared with the previous day.

SBF

+0,68 %

+14,18 %

-22,73 %

-23,50 %

-57,20 %

-70,29 %

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-70,29 %

-95,36 %

ISIN:DE000A2AAE22WKN:A2AAE2

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