SFC Energy AG Maintains Strong Performance in Q1, Analyst Reiterates 'Buy' Rating

First Berlin Equity Research recently released an update on SFC Energy AG, confirming a 'Buy' recommendation with a steady target price of €34. Dr. Karsten von Blumenthal highlighted the company’s exceptional Q1 performance, with a significant sales increase by 46% year-over-year reaching €40 million and a gross profit surge of 75% to nearly €18 million.

The adjusted EBITDA of €9 million exceeded projections by 30%, showcasing a remarkable margin of 22.5%. Despite these strong results, management retains cautious full-year guidance due to potential MEA production constraints impacting Q2 and Q3. SFC plans to upgrade production facilities in the UK and Romania to support ongoing growth.

The analyst emphasized SFC Energy’s unique position in the fuel cell sector as a publicly listed entity combining rapid growth with robust profitability, evidenced by a net margin of 13% in the first quarter. With a focus on improving methanol fuel cell technology, further margin enhancements are anticipated.