SFC Energy AG Announces Strong 2023 Performance and Optimistic Outlook for 2024

SFC Energy AG has disclosed its audited consolidated financial results for 2023, displaying substantial growth and optimistic projections for the upcoming year. The figures reveal a noteworthy increase in group sales, which climbed 38.6% to EUR 118,148 thousand from EUR 85,229 thousand the previous year. Adjusted EBITDA and EBIT saw significant expansions, by 86.0% and 207% respectively, reflecting operational efficiency and an enhanced product mix.

Taking a leap in innovation and global expansion, SFC Energy AG underscored record orders, including a EUR 27.8 million deal and a notable repeat order from Oneberry Technologies in Singapore. Their CEO, Dr. Peter Podesser, highlighted successful penetration into North America and Asia as key drivers for their growth, mentioning the operational commencement of their India manufacturing facility catering to local and Asian markets.

Looking ahead, the company confirms an upbeat forecast for 2024, anticipating sales to rise by 20%-30%, driven by strong demand in their Clean Energy segment. Adjustments to EBITDA and EBIT also reflect positive expectations. The company’s strategic endeavors, including expanding its international footprint and leveraging technological advancements, are expected to sustain its growth momentum and profitability.