Germany's SFC Energy raises 2026 guidance on higher defense sales in Ukraine

SFC Energy AG

29/10/2026 21:32

Overview
Germany fuel cell firm's preliminary Q3 prompts raised 2026 adjusted EBITDA and EBIT guidance
Guidance raised due to higher defense sales in Ukraine and improved margins in Europe
Nine-month 2026 sales and earnings rose sharply from previous year

Outlook
SFC Energy raises 2026 adj EBITDA guidance to EUR 36.0 mln–38.0 mln from EUR 31.5 mln–34.0 mln
Company lifts 2026 adj EBIT outlook to EUR 25.5 mln–27.5 mln from EUR 21.5 mln–25.5 mln
SFC Energy maintains 2026 sales guidance at EUR 166.0 mln–175.0 mln

Result Drivers
DEFENSE BUSINESS - Co said higher share of defense business, especially in Ukraine, improved product mix and earnings
EUROPEAN MARGINS - Co attributed improved earnings guidance to higher gross margin in European Clean Power Management segment
LOGISTICS COSTS - Co said logistics and handling costs for Ukraine order were lower than expected

Company press release: ID:nEQ6hQfDDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Sales
 
EUR 132.80 mln
 
9M Adjusted EBITDA
 
EUR 33.70 mln
 
9M Adjusted EBIT
 
EUR 25.70 mln
 

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 €28.25, about 53.9% above its October 29 closing price of €18.36
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
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Oct 27 - France's Exosens Q3 revenue jumps on strong  demand, rapid capacity ramp-up

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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.)