DGAP-News

SFC Energy Reports Third Quarter 2015 Financial and Operating Results, Revenue and Profit Warning - Seite 2

period 2014. The 2.7% decrease in revenues is primarily attributable to the
slower ramp-up of new products by SFC Energy's customers and the
postponement of orders.

Sales by Segment

Segment (in million EUR)               Q1-Q3 2015               Q1-Q3 2014
Oil & Gas                              20.1                     20.7
Security & Industry                    13.2                     13.4
Consumer                               3.0                      3.2
Total                                  36.3                     37.3

Segment Performance

Oil & Gas

Despite operating in an environment of lower oil prices during the last
quarter, SFC Energy's revenues in the Oil & Gas segment came in almost at
last year's level and the Company was able to make significant progress. A
highlight in the third quarter was marked by Canadian subsidiary Simark
Controls receiving an order to the amount of CAD 1.3 million from a major
international oil & gas producer.

Oil & gas producers have adjusted to the presumably lower oil price level
for a longer period of time. Many of the budgets for new projects are
correspondingly low. The pressure on the oil and gas producers targeted by
SFC Energy as customers for its products and solutions, remained high over
the quarter, as the industry still faces the challenge of having to reduce
production costs and increase efficiency. This so called "de-bottlenecking"
was a revenue driver for SFC Energy in the reporting period. Oil & gas
revenues in the first three quarters of 2015 were at EUR 20.1 million,
compared to EUR 20.7 million in the same period 2014 (Q3 2015: EUR 5.6
million / Q3 2014: EUR 6.7 million).

Security & Industry

The Security & Industry segment was stable compared to prior year. It
generated revenues of EUR 13.2 million in the first nine months of the
ongoing business year, compared to EUR 13.4 million in the same period
2014. In the third quarter, revenues rose by 42% to EUR 5.2 million (Q3
2014: EUR 3.7 million). This was due to the revenues from the Defense
business, which exceeded the previous year's level.

After two difficult years, the Defense and Security business gained
momentum in the reporting period. At the beginning of the quarter SFC
Energy received an order for delivery of EMILY fuel cells by the German
Bundeswehr. The order to the amount of EUR 1.3 million is a follow-up
order. The German Bundeswehr has successfully deployed the proven EMILY
fuel cell since December 2011. In the further course of the third quarter
SFC Energy was able to win two important orders of another international
defense force. In this case, SFC Energy was able to outplace international