SBF AG (ISIN: DE000A2AAE22; WKN: A2AAE2) today published its Annual Report 2025, confirming preliminary figures that show consolidated revenue of EUR 40.7 million, at the upper end of the forecast range of EUR 39 million to EUR 41 million, and a significant increase in EBITDA to EUR 1.0 million from EUR 0.6 million in 2024. The EBITDA margin rose to 2.5% from 1.3%.
"Our earnings performance shows that our strategic adjustments are taking us in the right direction. In an exceptionally challenging environment for the manufacturing industry, we were able to significantly improve our profitability despite restructuring-related burdens," said Robert Stöcklinger, Member of the Management Board of SBF AG. The company plans to continue this path by expanding sales activities, optimizing cost structures, and consistently unlocking SBF’s potential.
The company’s three business divisions faced mixed conditions in 2025. The Rolling Stock division experienced project postponements due to changes in customer investment behavior and supply chain issues, generating revenue of EUR 18.9 million (2024: EUR 21.0 million) and EBITDA of EUR 1.8 million (2024: EUR 2.9 million). The Public and Industrial Lighting division was impacted by delayed municipal projects and restrained investment, with revenue falling to EUR 9.8 million (2024: EUR 12.0 million) and EBITDA improving slightly to EUR -1.7 million (2024: EUR -1.9 million). The division also incurred one-off expenses from relocating production, which is expected to yield efficiency gains from 2026 onward.
In the Sensor Technology and Electromechanics division, AMS Software & Elektronik GmbH generated revenue of EUR 12.7 million (2024: EUR 14.9 million), with EBITDA of EUR 1.5 million, exceeding expectations and improving from EUR -0.8 million in 2024. Progress in integrating the acquired company and synergies in purchasing, project management, digitalization, and production contributed to the positive result.
Group-wide measures implemented in 2025 included efficiency enhancements, optimization of production capacities, and expansion of the site in Ceske Budejovice, Czech Republic, which now provides mechanical production and assembly for all divisions from a single source. The Annual Report 2025 is available for download on the company’s website at https://www.sbf-ag.com/investor-relations/finanzpublikationen/.
SBF AG is a listed specialist for innovative solutions in rolling stock, lighting, electromechanics, and sensor technology, benefiting from megatrends such as mobility, climate protection, automation, and digitalization. More information is available at https://www.sbf-ag.com.
