by Ralf Witzler, uro on Sunday
While sales were at the upper end of the target corridor with an increase of almost 21 percent, adjusted EBITDA remained at the lower end of expectations. What is impressive, however, is the dynamic in the development of the order backlog. While at the end of December it was still around EUR 30 million, orders worth around EUR 32 million have been added since the beginning of the year. This means that the order backlog is already at about the same level as the annual sales for 2021. However, not all bookings will already have an impact on sales this year because they include a major order of almost 21 million euros that will run for three years.
The company is reacting to adapt to the increasing demand. “We will double our capacities in Germany and at the same time set up another production line in Romania,” said SFC boss Peter Podesser in an interview with uro on Sunday. “This increases our efficiency and spreads our production risk through the redundancy at two locations.” Since the high of just under 35 euros in autumn last year, the share has lost around 40 percent in value. This seems excessive based on current information, even taking into account increased supply chain expenses and higher sourcing prices. Therefore, the time for an entry seems favorable.
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