DGAP-News

SFC Energy Reports Third Quarter 2015 Financial and Operating Results, Revenue and Profit Warning - Seite 3

competitors by superior performance. Delivery of these orders is to a large
extent planned for the first and fourth quarters of 2016. In addition, the
customer holds an option to purchase additional units to an amount of EUR
4.2 million after successful fulfillment of the initial contract.

A highlight of the period under review represents the collaboration with
the Toyota Tsusho Corporation. This cooperation gives SFC Energy access to
a rapidly growing Japanese market with immense potential. It is another
major step in the further internationalization of SFC Energy's business.

After a slower ramp-up of new products by SFC Energy's customers as well as
the postponement of orders in the power electronics business, a
rationalization program was implemented in the Dutch subsidiary, with the
transferal of significant parts of the production to SFC Energy's location
in Romania. This resulted in savings of EUR 0.3 million already in this
year. In the years thereafter, Management expects annual savings of approx.
EUR 1 million, and thus a much lower break-even threshold.

Consumer

Revenues in the Consumer market slightly decreased in the reporting period.
This was due to lower sales in the French and German markets. The Consumer
segment generated revenues of EUR 3.0 million in the first nine months of
2015, compared to EUR 3.2 million in the same period 2014. (Q3 2015: EUR
0.7 million / Q3 2014: EUR 0.8 million).

In the third quarter SFC Energy launched sales of the innovative mobile
power socket EFOY GO! both at SFC's channel partners as well as online in
SFC's new web shop. Customer and partner feedback is very positive, initial
sales are promising as well. The overall mood in the caravanning market has
improved over the course of the year. SFC Energy expects stable business in
this segment for the current financial year.

EBITDA/EPS

In the third quarter of 2015 the EBITDA of SFC Energy group improved to EUR
-0.9 million, compared to EUR -1.1 million in the third quarter of 2014.

In the first nine months EBITDA amounted to EUR -3.6 million, compared to
EUR -2.1 million in the same period 2014. The decline is due to the above
described macro-challenges as well as a slower ramp-up of new products by
SFC Energy's customers.

Adjusted for one-off effects, EBITDA stood at EUR -2.4 million in the first
three quarters of 2015, lower than the EUR -1.3 million in the same period
2014.

EBIT improved in the third quarter 2015 from EUR -1.7 million in Q3 2014 to
EUR -1.5 million. In the first nine months of 2015 EBIT declined from EUR
-4.2 million in the same period 2014 to EUR -5.4 million. Here should be