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SFC Energy flags defense push as orders surge 151% in H1 2024

German fuel-cell maker reports record order intake and EBITDA growth as defense and security sales exceed 30% of group revenue. First field deployment of laser OEM program slated for 2024.

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Priya Anand · Equities & Earnings Desk · 28 Aug 2026 · 00:34 · 1 min read
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SFC Energy flags defense push as orders surge 151% in H1 2024

SFC Energy reported a 151% jump in order volume to EUR 108 million in the first half of 2024, driven by rising demand in defense and security applications. The company’s H1 2024 sales rose 12% year-over-year to EUR 82 million, while adjusted EBIT more than tripled and EBITDA more than doubled compared with the same period in 2023.

Defense and security now account for over 30% of group sales, up from under 10% in the prior year, with the clean-energy segment’s defense share exceeding 40%. SFC Energy highlighted growth across portable radar, anti-drone systems and automated security solutions, citing extended operating durations and lower lifecycle costs.

The company presented its outlook at the 16th Hamburg Investor Days conference on August 26, 2026, following a May 2024 revision that narrowed guidance to the upper half of its range. SFC Energy also disclosed a EUR 1 million acquisition of reformed methanol fuel cell technology assets and a 15% stake in Singapore-based Oneberry.

Operational improvements included tripling membrane production capacity over 30 months and extending fuel-cell runtime in portable systems from seven days to 28 days. Arctic-grade systems were noted to operate autonomously for one to three years at temperatures as low as -60 degrees Celsius.

SFC Energy also outlined a 2024 timeline for the first field deployment of a defense laser OEM program with a Dutch manufacturer, part of broader expansion in automated surveillance and security technologies.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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