SFC Energy Skyrockets in Q1 2024, Doubles Adjusted EBIT Margin

• SFC Energy AG reported a 45.9% increase in group sales to EUR 40,048 thousand in Q1 2024, compared to EUR 27,454 thousand in Q1 2023.
• The company's adjusted EBITDA increased by 168.8% to EUR 8,997 thousand, with the adjusted EBITDA margin significantly higher at 22.5%.
• Adjusted EBIT more than tripled to EUR 7,548 thousand, with the adjusted EBIT margin more than doubling to 18.8%.
• The consolidated net result for the period increased by 157.8% to EUR 5,248 thousand.
• SFC Energy AG reported significant growth in Asia, particularly in India, and an increase in order backlog to EUR 92,848 thousand as of 31 March 2024.
• The company confirmed its full-year forecast for 2024.

The next important date, Annual general meeting, at SFC Energy is on 15.05.2024.

The price of SFC Energy at the time of the news was 20,925EUR and was up +0,97 % compared with the previous day.
16 minutes after the article was published, the price was 20,900EUR this corresponds to a minus of -0,12 % since publication.
At this time, the index SDAX was at 15.073,21PKT (+1,35 %).

SFC Energy

-0,21 %

-3,23 %

+29,25 %

+40,39 %

+3,12 %

-2,04 %

+75,19 %

+408,67 %

-4,40 %

ISIN:DE0007568578WKN:756857

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