DGAP-News: SFC Energy AG / Key word(s): Preliminary Results
SFC Energy AG: Preliminary 2011 figures meet expectations
26.01.2012 / 08:28
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- Total sales SFC Group: approx. 15.4 million EUR
- SFC Energy achieves approx. 14.5 million EUR sales - up by 9% over 2010
- Acquired PBF fully consolidated since December 1, 2011
Brunnthal, Munich, January 26, 2012 - SFC Energy AG announces preliminary,
unaudited figures for the 2011 fiscal year.
According to guidance SFC Group achieved total sales of approx. 15.4
million EUR - including the acquired Dutch PBF Group B.V. (PBF) starting
from the date of initial consolidation on December 1, 2011.
In 2011, SFC Energy achieved approx. 14.5 million EUR sales (2010: 13.3
million EUR), giving a 9% growth on 2010. This sales growth is mainly due
to positive development of the defense market (plus 26% over 2010) and the
industry market (plus 32% over 2010). As expected, sales in the leisure
market slightly declined by 8% compared to previous year in the context of
the EFOY Comfort launch.
In December 2011, PBF generated sales of 0.9 million EUR. In total, PBF
achieved sales of approx. 12.8 million EUR in 2011 (2010: approx. 9.0
million EUR).
With an underlying EBIT of approx. minus 4.0 million EUR, SFC Energy
achieved the targeted significant improvement in result compared to
previous year. Including the expected 2.5 million one-off items, the EBIT
reached approx. minus 6.6 million EUR. Those 2.5 million EUR one-off items
are made up mainly of PBF acquisition costs (0.5 million EUR), expenses for
lease space overcapacities (0.6 million EUR), extraordinary amortization on
capitalized development costs (0.6 million EUR), costs resulting from the
termination of employment contracts (0.5 million EUR), and compensation
payments (0.3 million EUR).
The purchase price allocation resulting from the acquisition of PBF led to
an amortization of intangible assets acquired and inventory valuation
effects amounting to approx. 0.1 million EUR.
For the 2012 fiscal year SFC continues to expect to achieve EBITDA
break-even for SFC Group in the second half of the year. A more detailed
outlook and the complete key data will be published with the consolidated
financial statements 2011 on March 29, 2012.
SFC Investor Relations:
Barbara von Frankenberg
Head of IR and PR
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: barbara.frankenberg@sfc.com
End of Corporate News
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Language: English
Company: SFC Energy AG
Eugen-Saenger-Ring 7
85649 Brunnthal
Germany
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: info@sfc.com
Internet: www.sfc.com
ISIN: DE0007568578
WKN: 756857
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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153995 26.01.2012
DGAP-News: SFC Energy AG: Preliminary 2011 figures meet expectations
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