SFC Energy AG Reports Robust Growth and Profitability in First Nine Months of 2024

SFC Energy AG, a prominent supplier of hydrogen and methanol fuel cells, has reported a 19.5% increase in group sales, reaching EUR 105.19 million in the first nine months of 2024. The company's adjusted EBITDA surged by 52.8%, while the EBIT grew by 81.3%, highlighting a significant boost in profitability. The firm's net cash position improved to EUR 61.499 million, underscoring strong financial stability.

Strategic international expansions, including a new subsidiary in Denmark and boosted production capacities in Germany, Romania, and India, have played a crucial role. The acquisition of assets for hydrogen fuel cell solutions from Ballard Power Systems Europe A/S further strengthens its market position in Northern Europe.

Driven by demand, especially in the Clean Energy segment, the company's sales in Asia showed an impressive increase of 63.1%. The company anticipates robust year-end performance, paving the way for continued profitable growth.