SFC Energy AG

Latest Results (02.09.2026):

SFC Energy AG — Q3 2013: Consolidated results for the first nine months of 2013 show sales of €20.585m (‑2.8% y/y) and Q3 sales of €7.002m (+12.8% y/y, reflecting the Simark acquisition). Profitability weakened: EBIT was a loss of €3.587m (EBIT margin ‑17.4%), adjusted EBIT ‑€3.302m; adjusted EBITDA for Jan–Sep was ‑€1.863m. The net loss was €3.600m (diluted EPS ‑€0.48). Cash fell to €8.354m after the Simark acquisition and related outflows; the company revised 2013 guidance and expects a stronger 2014.

Sales and quarter overview

Consolidated Jan–Sep 2013 sales €20,585k (‑2.8% vs. prior year). Q3 2013 sales €7,002k (+12.8% y/y), with €1,825k in Q3 sales from newly acquired Simark (closed end‑Aug / consolidated as of Sept 1).

Profitability and margins

Operating result (EBIT) Jan–Sep 2013: ‑€3,587k (margin ‑17.4%). Adjusted EBIT (one‑offs removed) ‑€3,302k. Adjusted EBITDA Jan–Sep: ‑€1,863k (margin ‑9.1%). Net result for the period: ‑€3,600k; diluted EPS ‑€0.48.

Segments

Industry: €14,690k (+3.6% YTD; Q3 €5,302k). Consumer: €3,807k (+4.5% YTD; Q3 €943k). Defense & Security: €2,088k (‑37.7% YTD; Q3 €757k) — large decline driven by delayed defence contracts (US federal budget delays, Bundeswehr reforms, Russia).

Regional mix

Europe & Rest of World: €17,091k (‑7.7% YTD). North America: €3,494k (+31.7% YTD), uplifted by Simark’s exclusive North American sales.

Gross margin and cost trends

Group gross margin Jan–Sep: €7,253k (35.2%) down from 40.4% a year ago. Q3 gross margin 30.7%. R&D expenses rose to €3,627k (+14.4%); R&D capitalization €159k. Sales costs and other operating expenses increased (including acquisition‑related costs).

Cash, balance sheet and liquidity

Cash and cash equivalents at 30‑Sep‑2013: €8,354k (vs €22,626k at 31‑Dec‑2012). Net cash outflows increased (≈€14.26m YTD) largely due to the Simark acquisition (≈€5.585m cash portion reported). Total assets €52.909m; equity €34.801m; equity ratio 65.8%.

Acquisition of Simark Controls Ltd.

SFC Energy acquired 100% of Simark (purchase agreement signed 4 July; closed 30 Aug 2013, consolidated from Sept 1). Simark contributed Q3 sales, increased North American presence (oil & gas specialist) and produced one‑off acquisition costs and purchase‑price allocation effects that weighed on margins.

Orders, backlog and employees

New orders Jan–Sep 2013: €16,317k (prior year €26,458k). Order backlog at 30‑Sep‑2013: €10,487k (prior year €12,288k). Permanent employees increased to 259 (up 38.5% y/y), reflecting integration of Simark.

Guidance and outlook

Management revised full‑year 2013 sales guidance to €32–36m and expects underlying EBITDA for 2013 of approx. ‑€2.5m to ‑€3.0m. For 2014 the company targets consolidated sales of €55–60m and a significant earnings improvement, driven by Simark integration and anticipated defence market rebound.