SFC Energy AG (F3C.F) released earnings for first half that Dropped, from last year
The company's bottom line came in at EUR0.336 million, or EUR0.02 per share. This compares with EUR5.826 million, or EUR0.33 per share, last year.
The company's revenue for the period rose 3.9% to EUR73.607 million from EUR70.856 million last year.
SFC Energy AG earnings at a glance (GAAP) :
-Earnings: EUR0.336 Mln. vs. EUR5.826 Mln. last year.-EPS: EUR0.02 vs. EUR0.33 last year.-Revenue: EUR73.607 Mln vs. EUR70.856 Mln last year.
This decline in net profit reflects a significant increase in burdens in tandem with a higher operating cost base compared with the previous year as well as the non-recurring effects.
Looking ahead, citing current global trade uncertainties and higher costs, the company has revised down its annual outlook.
SFC Energy now expects adjusted EBIT of EUR 5 million to EUR 11 million, compared with the prior outlook of EUR 17.5 million to EUR 20.6 million.
Excluding items, EBITDA is now anticipated to be EUR 13 million to EUR 19 million against the earlier outlook of EUR 24.7 million to EUR 28.2 million.
SFC Energy now projects revenue of EUR 146.5 million to EUR 161 million, less than the previous outlook of EUR 160.5 million to EUR 180.9 million.
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