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SBF and Brexit: Great Britain plans are on hold

In April, SBF had high hopes for Great Britain. New impulses from the local business were expected, even though the Brexit scenarios were by no means unknown back then. In the meantime, a radical rethinking of the company listed in m: access has become clear. That becomes clear at the virtual Munich Personal-Financial.com Market Conference (MKK).

During his presentation at the MKK, SBF board member Rudolf Witt explains that the expansion plans towards Great Britain and the USA have been pushed back. Due to the pandemic, it is hardly possible to travel to the USA. Britain currently sees Witt as a lucky bag. Brexit is threatening in whatever form. For him this is a tragedy. Therefore, the plans in both countries have been put on hold for the time being, they want to watch the situation and wait.

In order to grow nonetheless, you set a different focus: acquisitions. The focus is on Germany, here you look around accordingly. At the beginning of October, the assets of the insolvent Lunux were acquired. Further acquisitions do not appear to be ruled out. Healthy companies where the successor is unclear are of particular interest.

The forecast shows how much SBF wants to grow. If you had a turnover of 17.2 million euros in 2019, it should be 21.6 million euros in 2020. The target is 25 million euros in 2021, with the prospect of reaching 50 million euros. This brand is not possible without acquisitions and new locations.

In the long term, Witt expects the result to be worth EUR 8.5 million. In 2020 it should be 3.4 million euros, the SBF forecast for 2021 is 4.3 million euros. For comparison: In 2019, SBF achieved a result of 3 million euros.

Livestream on December 14th, 2020 from 6 p.m .:

With Hans-Werner Sinn, former President of the Ifo Institute.

With Hans-Werner Sinn, former President of the Ifo Institute: Corona and the miraculous increase in money in Europe
– Here is the stream! –

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