SBF AG achieves 2023 revenue forecast according to preliminary figures,
EBITDA below forecast in volatile environment
EQS-Ad-hoc: SBF AG / Key word(s): Forecast
SBF AG achieves 2023 revenue forecast according to preliminary figures,
EBITDA below forecast in volatile environment
10-May-2024 / 12:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SBF AG achieves 2023 revenue forecast according to preliminary figures,
EBITDA below forecast in volatile environment
Leipzig, 10 May 2024 - SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, 'SBF'), a
listed specialist for innovative solutions in the fields of rail vehicles,
lighting, electromechanics and sensor technology, has published its
preliminary revenue and earnings figures for the 2023 financial year. At EUR
34.0 million, consolidated revenue is within the target corridor forecast on
24 August 2023. Preliminary adjusted Group EBITDA reached EUR -0.5 million
and is therefore below the forecast of around EUR 1.0 million.
The decline in earnings is due in particular to the very weak economic
environment, higher procurement prices, increased personnel expenses and
individual project postponements. In addition, the business figures for 2023
are characterised by special effects amounting to EUR -0.5 million - in
particular due to the acquisition of AMS Software & Elektronik GmbH,
extraordinary legal and consulting costs at Lunux Lighting GmbH and property
renovation costs that cannot be capitalised. Excluding the special effects,
preliminary EBITDA amounts to EUR
-1.0 million.
In the 2024 financial year, the Management Board expects consolidated
revenue to rise to around EUR 48 million in a persistently very weak
economic environment, with a mid-six-figure negative consolidated net result
for the year. The annual report will be published on 14 May 2024.
Corporate Contact:
SBF AG
The Management Board
Zaucheweg 4
04316 Leipzig
Germany
Tel: +49 (0)341 65235 894
E-Mail: info@sbf-ag.com
End of Inside Information
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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, Tradegate Exchange
EQS News ID: 1900559
End of Announcement EQS News Service
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1900559 10-May-2024 CET/CEST