SFC Energy AG Exceeds Earnings Forecast with Strong Growth in Defence and India
Key Ideas
  • Group sales increased by 22.5% to EUR 144,754 thousand in 2024, surpassing forecasts.
  • Adjusted EBITDA rose by 45.2% to EUR 22,008 thousand, showing significant profitability growth.
  • International growth in Asia and Europe, with plans for double-digit sales growth in 2025.
  • Expansion of production capacities in India and Romania and technological advancements in the UK.
SFC Energy AG, a leading supplier of hydrogen and methanol fuel cells, exceeded its earnings forecast for 2024 with strong growth in the defence and public security sectors as well as in India. The company achieved a 22.5% increase in Group sales, reaching EUR 144,754 thousand, and a 45.2% rise in adjusted EBITDA to EUR 22,008 thousand. The positive financial performance was attributed to the high demand for fuel cell solutions, particularly in the Clean Energy segment. SFC Energy AG's internationalization efforts in Asia and Europe proved successful, with plans for double-digit sales growth in 2025. The company expanded its production capacities in India and Romania, ramped up technological development in the UK, and aimed at achieving a long-term competitive advantage in the fuel cell value chain. With a record order backlog of EUR 104,583 thousand, SFC Energy AG is strategically focusing on market penetration, international expansion, new technology development, and potential M&A activities. The company's strong position in the market and its plans for future growth signify a positive outlook for the renewable energy and technology sectors.
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