SFC Energy falls as 2023 outlook misses expectations

SFC Energy AG

14/02/2023 10:01

** Shares in SFC Energy  F3CG.DE  fall around 3% after the
German methanol and hydrogen fuel cell producer gave a
lower-than-expected outlook for 2023
    ** It forecasts FY sales of 103-111 million euros ($111-119
million) vs. 115 million euros in Bloomberg consensus cited by a
local trader, and adj. EBITDA of 8.9-14.1 million euros
    ** "FY23 outlook ... look disappointing on first sight," the
local trader says, adding the outlook and annual report missed
on earnings even as 2022 sales came in line with estimates
    ** The stock is among the worst performers on Germany's
small-cap index  .SDAXI 
($1 = 0.9295 euros)
 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))