SFC Energy AG Reports Record Performance in Q1 2024

SFC Energy AG announced a significant increase in financial performance for the first quarter of 2024. The company reported a 45.9% increase in group sales, totaling EUR 40,048 thousand. The adjusted EBITDA rose dramatically by 168.8% to EUR 8,997 thousand, reflecting a substantial margin increase to 22.5%. The adjusted EBIT, experiencing a more than threefold rise, reached EUR 7,548 thousand.

Considerable growth was noted in the consolidated net result, which surged by 157.8% to EUR 5,248 thousand. Sales growth was particularly strong in the Asian market, especially India, contributing significantly to the overall increase. The company also confirmed its full-year forecast for 2024, projecting continued growth and expansion.

Internationally, SFC Energy AG expanded its operations with a new production facility in India and developments in the United States and Romania. Notable was a follow-up order worth EUR 27.8 million, signaling robust demand for the company's products, which include innovative solutions like the H2Genset mobile hydrogen generator and the EFOY ProShelter hybrid system.