Brunnthal/Munich, February 7, 2019 – SFC Energy achieved its targets for 2018 as a whole, both in terms of the targeted sales growth and in terms of increasing profitability. According to preliminary calculations, the Group generated consolidated sales of EUR 61.70 million in the fiscal year 2018, an increase of around 14% over the previous year’s figure of EUR 54.29 million (annual forecast 2018: EUR 60 million to 64 million). The positive development of preliminary adjusted EBITDA in 2018 was even more pronounced: at EUR 3.71 million, EBITDA for 2018 as a whole was approximately 155% higher than in the previous year (2017: EUR 1.45 million). According to preliminary calculations, adjusted EBIT in 2018 amounted to EUR 2.55 million compared to EUR 0.18 million in the previous year. Thus, the annual forecast of a significant improvement in adjusted EBITDA and EBIT was achieved.
The Management Board expects further significant organic growth for the current fiscal year 2019 and plans consolidated sales of EUR 67 million to 74 million. In addition, a further significant increase in profitability is planned for 2019 with adjusted EBITDA in the range of EUR 4.5 million to 7 million and adjusted EBIT of EUR 3.5 million to 6 million.
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