First Berlin Confirms 'Buy' Rating for SFC Energy AG

First Berlin Equity Research GmbH has reiterated its 'Buy' recommendation for SFC Energy AG, maintaining a target price of EUR 31.00. The update follows SFC Energy's release of its annual report and a teleconference briefing. The company's 2024 performance was strong, with a revenue increase of 23% to €145 million and a 50% growth in EBIT to €13.7 million. This led to an expansion of the EBIT margin from 7.8% to 9.5%.

SFC Energy confirmed 2025 projections, anticipating revenue growth between 11% and 25%, and an adjusted EBIT margin between 10.9% and 11.4%. The order backlog reached a record €105 million, driven significantly by a 60% rise in defense sales. This increase is attributed to geopolitical tensions and enhanced defense budgets in Europe.

SFC Energy appears poised for continued robust growth, leveraging technological advancement in surveillance systems and increasing demand in the oil and gas sector. With a net cash position of €42 million, SFC is financially prepared to support both organic and external growth initiatives.