SBF AG Hits 2023 Revenue Target, Falls Short on EBITDA Amid Market Volatility

• SBF AG achieved its 2023 revenue forecast according to preliminary figures, with consolidated revenue at EUR 34.0 million.
• The company's EBITDA was below forecast, reaching EUR -0.5 million, due to a weak economic environment, higher procurement prices, increased personnel expenses and project postponements.
• Special effects, including the acquisition of AMS Software & Elektronik GmbH, legal and consulting costs at Lunux Lighting GmbH, and non-capitalizable property renovation costs, amounted to EUR -0.5 million.
• Excluding these special effects, the preliminary EBITDA stands at EUR -1.0 million.
• For the 2024 financial year, the Management Board expects consolidated revenue to rise to around EUR 48 million, despite a persistently weak economic environment.
• The company anticipates a mid-six-figure negative consolidated net result for the year 2024. The annual report will be published on 14 May 2024.

The price of SBF at the time of the news was 3,8900EUR and was down -0,77 % compared with the previous day.

SBF

+3,40 %

+3,52 %

-24,62 %

-26,50 %

-58,30 %

-71,46 %

-71,46 %

-71,46 %

-95,20 %

ISIN:DE000A2AAE22WKN:A2AAE2

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