SFC Energy AG — Earnings Release 2007

Jan 22, 2008

News Details

Corporate | 22 January 2008 09:24

SFC Smart Fuel Cell AG: Preliminary Figures Confirm 2007 Guidance, >100% Sales Growth

SFC Smart Fuel Cell AG / Preliminary Results/Preliminary Results

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SFC – Preliminary Figures Confirm 2007 Guidance, >100% Sales Growth

• Sales more than doubled compared to previous year

• Sustainable market success in all three core markets (Leisure,
  Industry, Defense) - 4.483 EFOY systems sold

• Further product cost reduction

• Loss 2007 within expectations

Brunnthal, January 22, 2008 – SFC Smart Fuel Cell AG, technology and market
leader for mobile and off-grid power solutions based on fuel cell
technologies, today publishes preliminary 2007 figures. As announced, with
approx. 14.3 million EUR, the company was able to increase sales in 2007 by
more than 100 percent compared to the previous year (7.0 million EUR).

From today’s point of view the EBIT 2007 at a range between minus 4.6 and
minus 4.9 million EUR is fully within expectations. Contained in this are
increases in marketing spending and a one-time effect relating to the
cancellation of stock options in connection with the IPO in the amount of
approx. 1 million EUR. Without this negative one-time effect EBIT 2007
would be between minus 3.6 and minus 3.9 million EUR and thus better than
previous year’s EBIT of minus 4.0 million EUR. This is mainly due to
continued product cost reduction. Net loss improved to approx. minus 2.4 to
minus 2.7 million EUR from minus 4.4 million EUR in 2006.

As of the end of 2007 cash and cash equivalents were at approx. 52.9
million EUR, thus also surpassing the set targets for cash flow and working
capital.

With a total of 4,483 EFOY systems sold in 2007 (2006: 2,185) penetration
into the leisure markets was further accelerated. Currently, 29 European
motor home manufacturers have included the EFOY fuel cell into their
accessory portfolio. The number of pilot projects in industrial
applications in Europe and the U.S. was further increased with a main focus
on security and traffic technologies. In the defense area significant
development contracts from German and U.S. defense organizations and first
serial orders for the Power Manager reflect the strong pioneering role of
SFC Smart Fuel Cell AG in the field of portable power supplies.

Primary target for the 2008 business year is to achieve EBIT break even by
further aggressive sales growth and continued product cost reductions. The
publication of the audited 2007 statements is scheduled for Friday, March
14, 2008.

About SFC Smart Fuel Cell AG

SFC Smart Fuel Cell AG (www.sfc.com) is market leader in fuel cell
technologies for mobile and off-grid power applications serving the
leisure, industrial and defense markets. As one of Germany’s technology
pioneers, SFC has won numerous innovation awards. SFC has alliances with
leading companies in a wide range of industries. Unlike most other fuel
cell manufacturers, who are in the research and development phase or run
subsidized demonstration projects, SFC has shipped fully commercial
products to industrial and private end users for four years, and has
created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO
9001:2000 certified.

SFC Investor Relations:

Barbara v. Frankenberg

Investor Relations Manager

SFC Smart Fuel Cell AG

Eugen-Saenger-Ring 4

D-85649 Brunnthal

Tel. +49 89 673 592 378

Fax. +49 89 673 592 369

Email: barbara.frankenberg@sfc.com

Web: www.sfc.com
22.01.2008 Financial News transmitted by DGAP

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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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart

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