Germany's SFC Energy H1 profit more than doubles, narrows 2026 outlook

SFC Energy AG

14/08/2026 06:43

Overview
Germany hybrid energy supplier's H1 group sales rose 12% on strong Clean Energy segment growth
Adjusted EBITDA more than doubled, while adjusted EBIT more than tripled year-over-year
Company narrowed 2026 sales and profit guidance upward amid robust order intake and backlog

Outlook
SFC Energy now expects 2026 sales between EUR 166 mln and EUR 175 mln, from prior guidance of  EUR 163 million and EUR 175 million
Company narrows 2026 adjusted EBITDA guidance to EUR 31.5 mln to EUR 34 mln, upper half of prior range
Adjusted EBIT for 2026 now seen at EUR 21.5 mln to EUR 25.5 mln, upper range of previous forecast

Result Drivers
CLEAN ENERGY GROWTH - Strong organic growth in Clean Energy segment, driven by demand for fuel cell solutions, offset decline in Clean Power Management
UKRAINE ORDER - Partial execution of large-scale order for fuel cell systems to Ukraine contributed significantly to revenue growth
WEAK POWER MANAGEMENT - Decline in Clean Power Management sales due to high prior-year sales and lower orders from a key customer

Company press release: ID:nEQ9C25lZa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
EUR 82.35 mln
 
H1 Net Income
 
EUR 7.28 mln
 
H1 Adjusted EBITDA
 
EUR 18.45 mln
 
H1 Gross Margin
 
47.10%
 
H1 Adjusted EBIT
 
EUR 14.02 mln
 
H1 Adjusted EBITDA Margin
 
22.40%
 
H1 Adjusted EBIT Margin
 
17.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for SFC Energy AG is €26.50, about 27.1% above its August 13 closing price of €20.85
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 30 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)