SFC Energy AG — Earnings Release 2007

Jul 16, 2007

News Details

Corporate | 16 July 2007 07:00

SFC Smart Fuel Cell AG shows 150 per cent growth in sales in H1 2007

SFC Smart Fuel Cell AG / Half Year Results

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SFC Smart Fuel Cell AG shows 150 per cent growth in sales in H1 2007

Brunnthal, July 16th 2007 – SFC Smart Fuel Cell AG (SFC) has continued to
expand and increase profitability in HY1 2007. Sales in the first six
months of the current business year improved by 150 per cent from EUR 3.0
million to EUR 7.5 million compared to the same period last year.

The success of the EFOY product line in the leisure activities sector in
particular contributed to the strong growth in sales for the supplier of
methanol-operated fuel-cell systems. In the first half of 2007 2,372 EYOY
fuel cells were distributed; in the same period the previous year there
only 697 units were shipped (a growth of 240 per cent). In the military
sector, SFC successfully concluded its first commercial contract. 556
'Power Manager' units were shipped to the U.S. Airforce during the first
half year.

The product share in sales rose to around 81 per cent compared to 56 per
cent in the same period last year, while the share of sales from Joint
Development Agreements (JDA) was reduced proportionately. SFC was able
simultaneously to reduce considerably the manufacturing costs of both main
products, EFOY 1200 and EFOY 1600, by additional 25 per cent per fuel cell.
Furthermore SFC concluded cooperation agreements with RV manufacturers
Dethleffs as well as Niesmann+Bischoff, as a result of which customers will
be offered the fitting of EFOY fuel cells to power the grid-free electrical
system. Following Hymer, SFC has thus gained two more leading European RV
manufacturers as partners and now supplies a significant part of the German
recreational vehicle market.

For the 2007 business year, SFC sees itself on track to double sales from
the previous year and to further improve margins of all product lines.

Key data for SFC Smart Fuel Cell AG in accordance with IFRS

                             01.01.-30.06       01.01.-30.06   Chang(in
                          2007(1000 Euro)      2006(1000 Euro)       %)

Sales 7,505 2,999 +150
Gross profit from sales 976 443 +120
EBIT -2,439 -1,109 -
Adjusted by one-time effects -1,561 -
effects
EBIT margin (in %) -32.5 -37.0 -
Adjusted by one-time effects -19.0 -
Earnings after taxes -1,295 -1,544 -
Earnings per share -0.41 -0.50 -

Fuel Cell units 01.01.-30.06 2007 01.01.-30.06 2006 Change(in %)
EFOY A-Series 2,372 697 +240
Power Manager 558 26 +2,046

Contact person:

SFC Smart Fuel Cell AG
Barbara v. Frankenberg
Investor Relations Manager
Eugen-Sänger-Ring 17
D-85649 Brunnthal
Germany

Tel +49 (0)89 673 592 – 368
Fax +49 (0)89 673 592 369
Mobil +49 (0)160-901 88 659
Email: barbara.frankenberg@sfc.com
Website: www.efoy.com
DGAP 16.07.2007

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Language: English
Issuer: SFC Smart Fuel Cell AG
Eugen-Saenger-Ring 4
85649 Brunnthal Deutschland
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: info@sfc.com
Internet: www.sfc.com
ISIN: DE0007568578
WKN: 756857
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

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