SBF AG (ISIN: DE000A2AAE22; WKN: A2AAE2) published its Annual Report 2025 today, confirming preliminary figures that show consolidated revenue of EUR 40.7 million, at the upper end of the most recently forecast range of EUR 39 million to EUR 41 million. The company also reported a significant increase in EBITDA to EUR 1.0 million, up from EUR 0.6 million in 2024, resulting in an improved EBITDA margin of 2.5% compared to 1.3% in the prior year.
Robert Stöcklinger, Member of the Management Board of SBF AG, commented, “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. We will continue on this path by expanding sales activities, optimizing cost structures and consistently unlocking SBF’s potential.”
The company’s three business divisions experienced varied developments in 2025. The Rolling Stock division, which generated revenue of EUR 18.9 million (down from EUR 21.0 million in 2024) and EBITDA of EUR 1.8 million (down from EUR 2.9 million), faced project postponements due to changes in customer investment behavior and supply chain issues. Nonetheless, SBF sees attractive growth prospects in this segment.
The Public and Industrial Lighting division was impacted by project-related delays in the municipal sector and restrained investment activity, leading to revenue of EUR 9.8 million (down from EUR 12.0 million) and EBITDA of EUR -1.7 million (improved from EUR -1.9 million). One-off expenses from the complete relocation of production also weighed on results, but the move is intended to generate efficiency gains from 2026 onward.
In contrast, the Sensor Technology and Electromechanics division, operated through AMS Software & Elektronik GmbH, generated revenue of EUR 12.7 million (down from EUR 14.9 million) but achieved EBITDA of EUR 1.5 million, exceeding expectations and reversing a prior year loss of EUR -0.8 million. Progress in integrating the acquired company and synergies in purchasing, project management, digitalization, and production contributed to this performance.
During 2025, SBF implemented key Group-wide measures to strengthen its operational and structural setup. These included efficiency enhancements, optimization of production capacities, and expansion of the manufacturing site in Ceske Budejovice, Czech Republic. The site now provides mechanical production and electronic and mechanical assembly for all business divisions from a single source, positioning the company for improved efficiency.
The Annual Report 2025 is available for download on the company’s website at https://www.sbf-ag.com/investor-relations/finanzpublikationen/. For more information about SBF AG and its divisions, visit https://www.sbf-ag.com.
The results underscore SBF’s resilience in a difficult manufacturing environment and highlight the potential impact of its strategic initiatives on future profitability. With the restructuring nearly complete and new efficiencies expected from 2026, the company is positioned to benefit from megatrends in mobility, climate protection, automation, and digitalization.
