SBF takes over state-of-the-art production facilities for light line systems

0

DGAP-News: SBF AG / Keyword(s): Acquisition

SBF takes over state-of-the-art production facilities for light line systems

16.03.2022 / 08:30
The issuer is solely responsible for the content of this announcement.

SBF takes over state-of-the-art production facilities for light line systems

  • Expansion of the product range in the ‘Industrial Lighting’ segment
  • Start of production in June
  • Acquisition of production facilities contributes directly to continued sales and profit growth

Leipzig, March 16, 2022 – SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, “SBF”), a listed supplier of LED lighting systems for rolling stock and industry, is strengthening its “Industrial Lighting” segment with the acquisition of state-of-the-art production, especially for LED light lines. SBF is thus adding tailor-made applications to its product range for the attractive lighting of sales areas and warehouses.

Rudolf Witt, Member of the Board of Directors of SBF AG comments: “We are constantly following our path of growth. Industrial lighting is an important market in which we have established an excellent position. Thanks to the new production facilities, we can cost-effectively produce existing and proven products of the group at the highest level and exploit new areas of application. The light lines ideally complement our existing range of modern industrial lighting systems. This will have an immediate positive impact on our revenue and profit growth.

The acquisition was made by SBF subsidiary Lunux Lighting GmbH with funds from the capital increase of SBF AG completed in 2021. The purchase price is in the low single-digit million range. SBF will start light line production with the newly acquired facilities in June 2022.

SBF expects the transaction to make a significant contribution to revenue. For the 2022 financial year, the turnover of the “Industrial Lighting” division should double to reach 22 million euros. SBF also expects a positive development in the business area ‘Rolling stock’. More concrete insights will follow with the publication of the annual report in April 2022. These estimates are subject to difficult general conditions due to possible disruptions in supply chains, the Corona pandemic and the war in Ukraine.

About the SBF Group:

SBF is a referenced supplier of LED lighting systems for rolling stock and industry. With a focus on energy-efficient LED lighting, SBF is taking advantage of the megatrends of climate protection and urbanization and expects double-digit growth rates in the coming years.

In the ‘Rolling Stock’ business area, SBF is a Tier 1 supplier of complex ceiling and lighting systems for the world’s leading rolling stock manufacturers. Strong technological competence, strong vertical integration and customized customer solutions are the basis for a leading market position. In the ‘Industrial Lighting’ business area, SBF offers modern and intelligent LED systems for the efficient lighting of roads, stations and industrial plants.

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

Company details :

SBF S.A.
board of directors
Zaucheweg 4
04316 Leipzig
Germany
Telephone: +49 (0)341 65235 894
Email: info@sbf-ag.com

Press contacts:

Kirchhoff Consult SA
Alexander Neblung
Borselstrasse 20
22765 Hamburg
Germany
Telephone: +49 (0)40 60 91 86 70
Email: sbf@kirchhoff.de

16.03.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
Archive at www.dgap.de

Share.

Comments are closed.