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SFC Energy AG publishes audited consolidated financial figures for 2015 and forecast for 2016 - Seite 2
Energy in 2015. In addition, SFC Energy has adjusted its own cost structure
in Canada in the past business year accordingly. Cost reductions have kept
the operating Oil & Gas business in 2015 profitable, despite the
challenging market situation. Further cost adjustments were implemented in
January and March 2016.
Security & Industry
In the Security & Industry segment sales declined from EUR 20.19 million in
the previous year to EUR 17.57 million in 2015. The main reason for the
decline was a major Defense program, which was planned for realisation in
2015 and got postponed into the current financial year.
On a strategic level, the Group managed a major breakthrough in the
internationalisation of its business in 2015. The new partnership agreement
with Toyota Tsusho Corporation is a key step to grow in Japan, which will
increase the EFOY brand awareness throughout Asia. In addition, SFC Energy
launched the new EFOY Pro 12000, a powerful 500W fuel cell, with a big
potential. The delivery of the EMILY fuel cell to the German Army and two
further orders of another international defense force ended two challenging
years in the defense market.
Consumer
In the Consumer segment, SFC Energy AG launched its innovative mobile power
outlet EFOY GO!. It may be purchased at caravanning retailers or online on
the Company's web shop at www.efoy-shop.com. In the reporting period sales
in the Consumer segment was with EUR 3.76 million below the previous year's
level of EUR 4.11 million, whereby sales growth in North America could not
offset the downward trend in consumer markets in France and Australia.
Gross Profit
Gross profit decreased in the 2015 financial year to EUR 13.23 million or
28.0 % (previous year: EUR 15.66 million or 29.2 %).
Gross profits by segments
Due to the decline in Group sales EBITDA decreased compared to the previous
year from minus EUR 1.18 million to minus EUR 4.65 million in the period
under review. Adjusted for one-off effects, underlying EBITDA amounted to
minus EUR 2.98 million (previous year: plus EUR 0.38 million). The Group's
EBIT decreased in financial year 2015 to minus EUR 10.64 million (previous
year: minus EUR 4.27 million). In consideration of one-off effects,
the previous year to EUR 17.57 million in 2015. The main reason for the
decline was a major Defense program, which was planned for realisation in
2015 and got postponed into the current financial year.
On a strategic level, the Group managed a major breakthrough in the
internationalisation of its business in 2015. The new partnership agreement
with Toyota Tsusho Corporation is a key step to grow in Japan, which will
increase the EFOY brand awareness throughout Asia. In addition, SFC Energy
launched the new EFOY Pro 12000, a powerful 500W fuel cell, with a big
potential. The delivery of the EMILY fuel cell to the German Army and two
further orders of another international defense force ended two challenging
years in the defense market.
Consumer
In the Consumer segment, SFC Energy AG launched its innovative mobile power
outlet EFOY GO!. It may be purchased at caravanning retailers or online on
the Company's web shop at www.efoy-shop.com. In the reporting period sales
in the Consumer segment was with EUR 3.76 million below the previous year's
level of EUR 4.11 million, whereby sales growth in North America could not
offset the downward trend in consumer markets in France and Australia.
Gross Profit
Gross profit decreased in the 2015 financial year to EUR 13.23 million or
28.0 % (previous year: EUR 15.66 million or 29.2 %).
Gross profits by segments
Segment in million EUR 2015 2014
Oil & Gas 5.80 7.64
Security & Industry 6.46 7.09
Consumer 0.97 0.93
Total 13.23 15.66
Due to the decline in Group sales EBITDA decreased compared to the previous
year from minus EUR 1.18 million to minus EUR 4.65 million in the period
under review. Adjusted for one-off effects, underlying EBITDA amounted to
minus EUR 2.98 million (previous year: plus EUR 0.38 million). The Group's
EBIT decreased in financial year 2015 to minus EUR 10.64 million (previous
year: minus EUR 4.27 million). In consideration of one-off effects,
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