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SFC Energy falls after 'hefty' outlook cut

RefinitivLess than 1 min read

** Shares of fuel cell producer SFC Energy F3C seen down 20.9% in pre-market indications after the company cut its FY outlook

** A local trader calls it a "hefty warning" and probably unexpected after recently announced key orders

** The group now expects FY sales of EUR 146.5-161 million ($167.5-$184.1 million) vs EUR 160.6-180.9 million previously

** Adjusted EBITDA is now expected between EUR 13-19 million, previously EUR 24.7-28.2 million

** SFC Energy cites its H1 preliminary figures and continued uncertainties regarding volume and price developments, particularly key currencies depreciating against the euro

** Up to the Thursday's close, shares gained 28.2%​ YTD

($1 = 0.8747 euros)

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