enormous growth opportunities for hydrogen and fuel cells, combined with extensive government investment programmes worldwide in this technology, the Management Board of SFC Energy AG revised and restated its strategic medium-term planning in recent months. The accelerated growth plan foresees organic and inorganic sales growth up to EUR350 million to EUR400 million by 2025, as well as an expansion of the EBITDA margin to above 15%. These assumptions are based on the extremely dynamic development of global demand for hydrogen and methanol fuel cells in stationary applications. Worldwide, the importance of environmentally friendly energy sources continues to grow enormously, both socially and politically. Fuel cells by SFC Energy AG are an integral part of sustainable decentralised energy solutions, replacing conventional (diesel) generators. From industrial, public and private applications to emergency power supply of critical infrastructures, telecommunication, new autonomous mobility concepts or the advancing digitization - the fuel cell is a key technology for generating electrical energy in an efficient and sustainable way. As a fuel cell pioneer with about 50,000 fuel cells sold worldwide, totalling more than 100 million operating hours, SFC Energy AG is one of the few players in the market with a high level of industrial experience and technological expertise. The national hydrogen initiative in Germany and the associated government investment incentives worth EUR9 billion, but also the broad-based European hydrogen initiatives and support programmes, represent a great opportunity for enormous growth of the SFC Energy group of companies. SFC Energy AG positioned itself in this dynamically growing market at an early stage and is one of the first companies worldwide fully capable of providing industrially proven products to a steadily growing number of user industries. The use of established market access as well as new fields of application are just as much part of the accelerated growth strategy as strategic acquisitions and the expansion of regional partnerships. SFC Energy AG therefore expects to benefit disproportionately from the high momentum overall and to grow faster than the market as a whole. Detailed financial information The figures given in this announcement are preliminary and have not been audited. SFC Energy AG will publish the final figures for the 2020 financial year along with the 2020 Annual Report on March 25, 2021. SFC Energy AG will hold a conference call in English for interested investors, analysts and members of the media at 9:00 a.m. today, February 15, 2021. To register, please send an e-mail to susan.hoffmeister@sfc.com. About SFC Energy Group SFC Energy AG is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With around 50,000 fuel cells sold worldwide, SFC Energy is a sustainably profitable fuel cell producer. The Company has award-winning products and serves a range of applications in Clean Energy & Mobility, Defense & Security, Oil & Gas and Industry markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857, ISIN: DE0007568578). SFC IR Contact: CROSS ALLIANCE communication GmbH Susan Hoffmeister Tel. +49 89 125 09 03-33 Email: susan.hoffmeister@sfc.com Web: crossalliance.de SFC Press Contact: Jens Jüttner Tel. +49 89 125 09 03-32 Email: pr@sfc.com Web: sfc.com * * * This publication may contain forward-looking statements, estimates, opinions and projections with respect to anticipated future performance of the Company ("Forward-Looking Statements"). These Forward-Looking Statements can be identified by the use of forward-looking terminology, including, but not limited to, the terms "expects", "plans", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These Forward-Looking Statements include all matters that are not historical facts. Forward-Looking Statements are based on the current views, expectations and assumptions of the management of SFC Energy AG and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-Looking Statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any Forward-Looking Statements only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, Forward-Looking Statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such Forward-Looking Statements and assumptions. ^[1] ://www.baden-wuerttemberg.de/fileadmin/redaktion/m-um/intern/Dateien/Dokumente/6_Wirtschaft/ Ressourceneffizienz_und_Umwelttechnik/Wasserstoff/200724-Potentialstudie-H2-Baden-Wuerttemberg-bf.pdf =---------------------------------------------------------------------------------------------------------------------- 2021-02-15 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: SFC Energy AG Eugen-Saenger-Ring 7 85649 Brunnthal Germany Phone: +49 (89) 673 592 - 100 Fax: +49 (89) 673 592 - 169 E-mail: ir@sfc.com Internet: www.sfc.com ISIN: DE0007568578 WKN: 756857 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1168132 End of News DGAP News Service =------------
1168132 2021-02-15
(END) Dow Jones Newswires
February 15, 2021 01:30 ET (06:30 GMT)