Put companies on watchlist
SBF AG
ISIN: DE000A2AAE22
WKN: A2AAE2
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

SBF AG · ISIN: DE000A2AAE22 · EQS - Company News (32 News)
Country: Germany · Primary market: Germany · EQS NID: 1243849
27 October 2021 08:30AM

SBF AG publishes half-year report and confirms preliminary figures with strong revenue growth


DGAP-News: SBF AG / Key word(s): Half Year Report
SBF AG publishes half-year report and confirms preliminary figures with strong revenue growth

27.10.2021 / 08:30
The issuer is solely responsible for the content of this announcement.


SBF AG publishes half-year report and confirms preliminary figures with strong revenue growth

Leipzig, 27 October 2021 -
SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, "SBF") has published its financial report for the first half of 2021. The consolidated financial statements confirm the preliminary figures communicated on August 19, 2021 and illustrate the sustained positive development of the listed supplier of LED lighting systems. In addition, the Management Board confirms the forecast for the full year 2021.

Rudolf Witt, Member of the Management Board of SBF AG comments on the 2021 half-year report as follows: "We look back on a highly positive first half year. Our business model is proving to be extremely robust in a challenging market environment. With the pleasing business development, a strong order pipeline and good capitalization from our last capital increase, we have excellent prerequisites to continue on our growth path."

SBF continues on growth path in first half of 2021
In the first half of 2021, consolidated revenue rose to EUR 15.3 million - a significant increase of more than 50 percent compared to the same period last year (H1 2020: EUR 10.0 million). EBITDA from operations reached EUR 2.3 million in the first half of the year, slightly up on the prior-year figure (H1 2020: EUR 2.2 million). Adjusted for non-recurring expenses for costs in connection with the capital increase as well as legal and consulting fees for the acquisition of Lunux Lighting GmbH, EBITDA even reached 2.9 million euros in the reporting period. This represents a significant increase in an extremely challenging market environment. Due to the COVID 19 pandemic, for example, only reduced production capacities were available at times. In addition, there were supply bottlenecks for important components for products such as semi-finished products, electronic components and aluminum products. With targeted measures on the procurement side and the establishment and expansion of production capacities in Leipzig, the conditions were created for a significant improvement in key earnings figures.

Positive outlook with strong order situation and successful capital increase
Another important milestone was the successful placement of the capital increase with gross proceeds of around EUR 7.8 million in June. The inflow of funds will be used in particular for investments in the expansion of production capacities as well as for research, sales and marketing. SBF thus has a strong financial basis for continuing its growth course.

The Management Board expects sales of more than 33 million euros for fiscal year 2021 (previous year: 21.4 million). EBITDA is expected to increase significantly to 5.6 million euros (previous year: 3.3 million euros). The EBITDA forecast is adjusted for one-time special effects amounting to 0.6 million euros for expenses in connection with the capital increase and legal and consulting fees for the acquisition of Lunux Lighting GmbH.

The half-year report is available on the company's website at https://www.sbf-ag.com/investor-relations/finanzpublikationen/.

About SBF Group:
SBF is a listed supplier of LED lighting systems for rolling stock and industry. With its focus on energy-efficient LED lighting, SBF is benefiting from the megatrends of climate protection and urbanization and expects double-digit growth rates in the coming years.

In the "Rolling Stock" business area, SBF is a tier 1 supplier of complex ceiling and lighting systems for the world's leading rolling stock manufacturers. Strong technological competence, high vertical integration and customized customer solutions are the basis for a leading market position. In the "Industrial Lighting" business area, SBF offers modern and smart LED systems for efficient lighting of roads, railroad stations and industrial plants.

For more information, visit https://www.sbf-ag.com.

Company contact:

SBF AG

Management Board
Zaucheweg 4
04316 Leipzig
Tel: +49 (0)341 65235 894
E-Mail: info@sbf-ag.com

Press contact:

Kirchhoff Consult AG

Alexander Neblung
Borselstraße 20
22765 Hamburg
Tel: +49 (0)40 60 91 86 70
E-Mail: sbf@kirchhoff.de



27.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: SBF AG
Zaucheweg 4
04316 Leipzig
Germany
Phone: +49 (0)341 65235894
E-mail: info@sbf-ag.com
Internet: www.sbf-ag.com
ISIN: DE000A2AAE22
WKN: A2AAE2
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich (m:access), Stuttgart
EQS News ID: 1243849

 
End of News DGAP News Service

1243849  27.10.2021 

fncls.ssp?fn=show_t_gif&application_id=1243849&application_name=news&site_id=boersengefluester_html
Visual performance / price development - SBF AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.