SFC Energyltä q1 tänään ulos ja hyvältähän tuo näyttää:
Group sales 53.3% higher at EUR 27,454 thousand (Q1/2022: EUR 17,905 thousand)
Adjusted EBITDA rises significantly by 313.8% to EUR 3,347 thousand (Q1/2022: EUR 809 thousand)
Adjusted EBITDA margin increases to 12.2% (Q1/2022: 4.5%)
85.6% growth in North America compared to the previous year
Order book increases to EUR 81,616 thousand as of March 31, 2023 (Dec. 31, 2022: EUR 74,176 thousand)
Dr. Peter Podesser, CEO of SFC Energy AG: “We are pleased that we just recorded the best first quarter in our company’s history. We were again able to achieve strong operational growth and at the same time significantly increased our profitability. This is also a key element of our differentiation in the industry – we combine ambitious growth with a stable and continuous improvement in profitability. We are continuing on this path, which we are the only company in the industry to pursue to date.
The strong organic growth in the first quarter resulted from continued global growth in demand for fuel cell solutions and the increasing market penetration of our products. This is based on the assumptions of constantly rising (off-grid) demand for energy, continued motivation to reduce dependency on and the use of fossil fuels from society and policy makers, and the rapidly growing global acceptance of the sustainable green energy technologies necessary to achieve long-term climate targets. The easing of global supply chain bottlenecks and the price adjustments we made to our products in fiscal year 2022 resulted in a significant increase in profitability.
We were able to realize important milestones in our growth strategy in the first quarter, for both the technological and the regional expansion of our business. The pace of growth in the US is incredibly high, and comparably gratifying in Europe and Canada. In Asia, we are still seeing the after-effects of the pandemic in our business development activities and even project postponements in Singapore. Nevertheless, not least due to the current order backlog from India, we can also expect significant growth in Asia in 2023.
We are also on track with setting up production in India. The Indian army placed an initial major order in March and further projects are in the pipeline.
We have largely completed the build-up of production capacities at the site in Brunnthal, but are still experiencing delays at the Romanian site in Cluj due to outstanding permits for the conversion measures.
Forecast for 2023
Taking the positive performance in the first three months of 2023 and the current macroeconomic growth forecasts into account, the Management Board confirms its forecast for the current fiscal year of February 14, 2023, and expects Group sales of between EUR 103 million and EUR 111 million, adjusted EBITDA in the range of EUR 8.9 million to EUR 14.1 million, and adjusted EBIT of between EUR 3.4 million and EUR 8.6 million.