Report
Thijs Berkelder

SFC Energy AG : Adjusting for lacklustre German hydrogen & industrial climate

>Downward adjusting our EBITDA forecasts by 11-15% - Looking at the difficult German industrial economic landscape, the budget and subsidy cuts ongoing on the energy transition, as well as the cautiousness of CEO Peter Podesser in the FY23 conference call, we have decided to bring our 2024 earnings estimate back within the official guidance range. We cut our 2024e/25e/26e adjusted EBITDA estimates by 11%/15%/13% to € 20.7m/€ 30.7m/€ 47.3m respectively, still assuming ...
Underlying
SFC Energy AG

SFC Energy provides fuel cell generators for off-grid power applications, low and medium voltage electrical machine power products, instrumentation and measurement solutions, gas and flame detection safety systems as well as supervisory control and data acquisition solutions. For the power electronic market, Co. provides high-power electronic components, external and internal converters, switch mode power supplies, and special coils. For the defence and secutiry market, Co. provides portable power solutions that soldiers can use to run the devices they carry while on dismantled deployment. For the consumer market, Co. provides fuel cells used in hybrid operationalong with a solar module.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Thijs Berkelder

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