SBF AG confirms after the first quarter the forecast for the whole year 2020: Corona pandemic currently has no significant impact on business development

- Q1 turnover +19.7 % to EUR 4.9 million
- Q1 net income for the period +25.5 % to EUR 0.9 million
- 2020 forecast confirmed: revenue EUR 21.6 million, EBT EUR 3.6 million

Leipzig, 15 April 2020 - SBF AG (ISIN DE000A2AAE22), the holding company with the technology and market leader in the field of ceiling and lighting systems for rail vehicles in Europe SBF Spezialleuchten GmbH as its operating subsidiary, has continued its growth course in the first quarter of 2020 and is fully on track in terms of turnover and profit. As the corona pandemic continues to have no significant impact on business development, the group confirms its forecast for the whole year 2020.

In the first quarter of 2020, the SBF group has increased its turnover by 19.7 % from EUR 4.1 million to EUR 4.9 million. Profits increased disproportionately at all levels: gross profit by 21.8 % to EUR 2.7 million, EBITDA by 29.4 % to EUR 1.2 million and net profit for the period by 25.5 % to EUR 0.9 million.

Rudolf Witt, Member of the Board of SBF AG: "As a development partner, system provider and tier 1 supplier to the leading rolling stock manufacturers, we are part of a very robust and long-term thinking industry. The orders received from the major train manufacturers are generally long-range and extend over several years".

As of April 15, 2020, the corona pandemic has no significant impact on the business development of the SBF group. Production continues to run at a high level. To date, there have been no illness-related staff losses due to the corona virus. All safety measures to protect employees and to ensure a continuous high-quality production process are meticulously observed. All supply chains and redundancies for essential components are in place, inventories are high and there are no order cancellations.

SBF therefore continues to expect a successful business year in 2020 in line with its plans. According to these plans, turnover should increase to around EUR 21.6 million and earnings before taxes (EBT) to EUR 3.6 million.

 

About SBF AG:

SBF AG is a listed on a stock exchange holding company with its operational subsidiary SBF Spezialleuchten GmbH. This is a tier 1 supplier of ceiling and lighting systems for the world's leading rolling stock manufacturers. The SBF group thus benefits from the megatrends of advancing urbanisation, increasing environmental awareness in society and stricter regulations on climate protection. The Leipzig-based company has positioned itself as a provider of complex system solutions. SBF's strong technological competence and high degree of innovation is a distinguishing feature from the already limited competition and ensures a leading market position. In view of the need for extensive capacity expansions in the rail vehicle industry worldwide, the group expects double-digit growth rates in the coming years.

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SBF AG
The Management Board
Zaucheweg 4
04316 Leipzig
Germany
Phone: +49 (0)341 65235 894
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