EQS-News: SBF receives “Growth Champion Award” from major German news magazine FOCUS and online portal Statista

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SBF receives “Growth Champion Award” from major German news magazine FOCUS and online portal Statista

27.10.2023 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


SBF receives “Growth Champion Award” from major German news magazine FOCUS and online portal Statista

Leipzig, 27 October 2023 –
SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, “SBF”), a listed supplier of lighting systems for rolling stock, municipalities, railways and industry, was honored as one of the fastest growing companies in its industrial sector. With an average annual sales growth of 27 percent (survey period: 2019 to 2022), SBF was ranked eighth in the “electronics, electrical and medical technology” category. The survey was conducted by the major German news magazine Focus in cooperation with the online portal Statista. A list of the 500 fastest-growing companies in Germany is published annually by FOCUS-Business and Statista.

Rudolf Witt, Member of the Executive Board of SBF AG: “The award is a great acknowledgement for the company and especially our dedicated employees. Particularly in recent years, the market environment in our sector has been extremely challenging. The fact that we have managed to keep SBF on track and grow significantly despite disrupted global supply chains, rising procurement costs and a volatile overall environment, makes me extremely proud. With the acquisition of the specialist for electromechanical components, sensor technology and software for industrial applications we will reach the next strategic milestone of our growth strategy this year.”

In July, SBF AG had concluded a purchase agreement for the acquisition of all shares of AMS Software & Elektronik GmbH. The closing of the transaction was originally planned for 30 September 2023, but is now scheduled for 1 January 2024 due to tax and accounting reasons. With the takeover, SBF AG’s operative business will be expanded to include a new business segment. In this segment, SBF will offer electromechanical components, sensor technology and software for industrial applications in the future. Guidance for the fiscal year 2024, including revenue and earnings contributions from the acquisition, will be provided in November.

About SBF group:
SBF is a listed supplier of LED lighting systems for rail vehicles, municipalities, railways and industry. With its focus on energy-efficient LED lighting, SBF benfits from the megatrends of mobility and climate protection as well as urbanisation and expects double-digit growth rates in the coming years. In the business segment “Rolling Stock“, SBF is a Tier 1 system supplier of complex ceiling and lighting systems for the world’s leading rail vehicle manufacturers. Strong technological competence, high vertical integration and customised customer solutions are the basis for a leading market position. In the business segment “Public and Industrial Lighting“, SBF offers modern and smart LED systems for the efficient lighting of industrial facilities and infrastructure such as roads and railway stations.

For more information, visit https://www.sbf-ag.com.

Company contact:

SBF AG

The Board of Directors
Zaucheweg 4
04316 Leipzig
Tel: +49 (0)341 65235 894
E-Mail: info@sbf-ag.com

Press contact:

Kirchhoff Consult AG

Alexander Neblung
Borselstraße 20
22765 Hamburg
Tel: +49 (0)40 60 91 86 70
E-Mail: sbf@kirchhoff.de



27.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SBF AG
Zaucheweg 4
04316 Leipzig
Germany
Phone: +49 (0)341 65235894
E-mail: info@sbf-ag.com
Internet: www.sbf-ag.com
ISIN: DE000A2AAE22
WKN: A2AAE2
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1758791

 
End of News EQS News Service

1758791  27.10.2023 CET/CEST

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