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LION E-Mobility AG (LMI.F)

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  • EQS Group

    LION E-Mobility AG: Positive outlook for LION E-Mobility AG for the financial year 2021

    LION E-Mobility AG / Key word(s): Results Forecast/Market ReportLION E-Mobility AG: Positive outlook for LION E-Mobility AG for the financial year 202120-Jan-2021 / 08:23 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Positive outlook for LION E-Mobility AG for the financial year 2021:- Order from the Canadian customer of approx. 26 million euros- Revenue forecast for 2021 thus approx. EUR 28 to 30 million - revenue almost doubled compared to the previous year- Slightly positive EBIT result on LION E-Mobility AG group level expected- Development of the Light Battery will continue- Further development orders expected in the industrial sector Zug, 20 January 2021 - LION Smart GmbH, a wholly owned subsidiary of LION E-Mobility AG, developer of electrical energy storage systems and lithium-ion battery system technology based in Garching, Germany, has received an order with a total volume of EUR 26 million from its Canadian customer for the supply of battery storage systems. Together with other expected orders that are still being negotiated, LION Smart is expecting a positive financial year. These figures will largely be reflected in a similar way in the relevant key figures of LION E-Mobility AG."The sales revenues and the positive EBIT from this major order will not be evenly distributed over the quarters," says Thomas Hetmann, CEO of LION Smart. "While we expect the lowest revenues and a negative EBIT related to the financial year in the first quarter, we will increase revenues and also our EBIT as the year progresses in line with further deliveries to the Canadian customer."Hetmann continues: "Particularly as a result of this major order, LION E-Mobility AG expects to generate revenue of EUR 28 to 30 million in 2021. This means that revenue will almost double compared with the revenue of around EUR 17 million generated in 2020. Along with this, LION E-Mobility AG expects a positive EBIT result for the year at group level. However, the Corona restrictions continue to represent a significant unknown in our estimates and planning. Changes to our forecast in the course of the year can therefore not be completely ruled out, but we will be working hard over the course of the year to increase our order book further still."The driver of this positive forecast is the strengthened customer base, primarily through customers in North America and Canada. Existing development contracts, particularly from the partnership with a Tier 1 automotive supplier that has been in place since 2020, will also be further expanded according to current information. LION Smart is in positive discussions about this with the aim of continuing the successful collaboration. About LION E-MobilityLION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, particularly in the field of electrical energy storage and lithium-ion battery system technology.The company owns 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a joint venture with TÜV SÜD AG.About LION Smart GmbHLION Smart GmbH is an innovative development service provider for original equipment manufacturers (OEMs) and suppliers to the automotive industry and other branches of industry. The company operates test benches and test laboratories for electrical storage systems together with TÜV SÜD AG in the form of a joint venture (TÜV SÜD Battery Testing GmbH). As a high-quality engineering service provider, LION Smart GmbH also offers consulting services in lithium-ion storage technology and maintains its own research and development program in this field. The company supports its customers in the integration into the respective vehicle concept and works closely with research institutes and universities. ContactThomas HetmannManaging Director | Board Member LION E-Mobility Investor RelationsSebastian DueringPhone: +49 221 94991871Mobile: +49 151 58204309E-mail: ir@lionemobility.comwww.lionemobility.com20-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: LION E-Mobility AG Lindenstraße 16 6340 Baar Switzerland Phone: +41 (0)41 500 54 11 Fax: +41 (0)41 500 54 12 E-mail: info@lionemobility.de Internet: www.lionemobility.com ISIN: CH0132594711, CH0132594711 WKN: A1JG3H , A1JG3H Listed: Regulated Unofficial Market in Frankfurt, Hamburg, Munich (m:access), Tradegate Exchange EQS News ID: 1161825 End of Announcement DGAP News Service

  • EQS Group

    LION E-Mobility AG: ​​​​​​​LION SMART GMBH with significant growth in turnover - EBITDA slightly positive, cumulative quarterly results slightly negative - significant improvement over previous year (news with additional features)

    DGAP-News: LION E-Mobility AG / Key word(s): Quarterly / Interim Statement09.12.2020 / 11:37 The issuer is solely responsible for the content of this announcement.LION SMART GMBH with significant growth in turnover - EBITDA slightly positive, cumulative quarterly results slightly negative - significant improvement over previous year- Expected revenue increase and slightly negative EBITDA in Q3 2020 - high one-off expenses in connection with development project- Significant increase in sales after three quarters at EUR 12,127 million (previous year: EUR 1,053 million)- Positive EBITDA until 30.09.2020 at EUR 0,024 million (previous year: EUR -0,647 million) - positive EBITDA margin at 0.2 % (previous year: -47.38 %)- Positive cumulative operating cash flow of EUR 0,165 million (previous year: EUR -3,061 million) - slightly negative free cash flow expected for the year as a whole- Sales forecast for the 2020 financial year at approx. EUR 17 million; sales postponed by approx. EUR 1-2 million to the first quarter of 2021 and development project delays - also due to Covid-19 impairments Preliminary figures in EUR m Q3 2020 Q3 2019 Q1-Q3 2020 cumulative Q1-Q3 2019 cumulative Change YoY cumulative Turnover 5.674 0.344 12.127 1.053 +11.074 Total output 5.437 0.344 11.890 1.365 +10.525 EBITDA -0.261 -0.420 0.024 -0.647 +0.671 Quarterly result -0.346 -0.445 -0.121 -0.731 +0.610  Garching near Munich (Germany), December 9, 2020 - LION Smart GmbH, 100 % subsidiary of LION E-Mobility AG, today published its quarterly figures as of September 30, 2020. The business of the innovative supplier of lithium-ion battery systems and integrative battery solutions has continued to develop positively during the first three quarters of 2020. In addition to a significant increase in sales revenues and a broadening of the customer base, the further development of the Light Battery with a tier 1 supplier has had a significant impact on the past quarters.In the first nine months of the fiscal year, LION Smart GmbH generated revenues of EUR 12,127 million (previous year: EUR 1,053 million). The EBITDA margin was 0.2 % (previous year: -47.38 %) against the background of high one-off expenses, particularly in connection with the further development of the Light Battery.Earnings situation as of 30.09.2020The business development of LION Smart GmbH in the first nine months was clearly influenced by the Integrated Business segment and the development contract with a Tier 1 supplier. In the period under review, however, revenue increased significantly year-on-year and also compared with the previous quarters.In the third quarter of 2020, total revenue of EUR 5,674 million was realized. No further development costs had been capitalized as of 30 September 2020 (previous year: EUR 1,921 million); work in progress was recognized as an expense due to the completion of various projects.Compared with the previous year, total output (sales revenues, own work capitalized, changes in inventories) increased significantly by EUR 10,525 million to EUR 11,890 million (previous year: EUR 1,365 million).Against this background, the cost of materials increased to EUR 8,890 million (previous year: EUR 0,296 million). As a result, the cost of materials ratio (calculated from the ratio of cost of materials to sales and changes in inventories) rose to 74.77 % (previous year: 21.67 %). Other purchased services rose - particularly for the development project - by EUR 0,187 million to EUR 0,280 million.As a result, gross profit for the period under review amounted to EUR 3,0 million (previous year: EUR 1,069 million), corresponding to a gross profit margin of 25.23 %. Personnel expenses were higher than in the previous year, particularly in view of the significant increase in business volume. The ratio of personnel expenses to sales revenue was 13.86 %.Cumulative earnings before interest and taxes (EBIT) up to 30 September were reduced to EUR -0,134 million (previous year: EUR -0,729 million) despite the high level of one-off expenses. The EBIT margin is slightly negative at -1.13 % (previous year: -53.41 %). Against the background of the very tense business environment and the corona impairments, this is a very strong performance.As in previous quarters, the financial result of LION Smart GmbH is clearly positive. This is due on the one hand to the loans granted to TÜV Süd Battery Testing GmbH (TSBT) and the related interest income. Interest expenses were reduced by the repayment of loans to Commerzbank AG and the settlement of current liabilities to LION E-Mobility AG.LION Smart GmbH generated a cumulative quarterly result of EUR -0,121 million in the reporting period (previous year: EUR -0,731 million). The decline compared to the 1st and 2nd quarters is due on the one hand to increased one-off expenses in connection with various development projects. Furthermore, provisions were recognized for follow-up costs and adequate risk provisions, which had a significant impact on the operating result.Assets and financial position as of 30.09.2020Total assets increased by 42.67% to EUR 11,204 million as of 30 September 2020 (31 December 2019: EUR 7,853 million), mainly due to the increase in current trade receivables. This is mainly due to the significant increase in sales volume.Non-current assets rose by 11.09 % to EUR 7,493 million (31 December 2019: EUR 6,745 million). Capital expenditure on property, plant and equipment increased by EUR 0,278 million to EUR 0,469 million (31 December 2019: EUR 0,191 million). Intangible assets rose slightly to EUR 2,012 million (31 December 2019: EUR 2,002 million). Within financial assets, loans to companies in which equity investments are held increased by EUR 0,6 million (31 December 2019: EUR 1,8 million), while the investment in TSBT remained constant (31 December 2019: EUR 2,551 million).Current assets increased by EUR 0,748 million to EUR 3,603 million (31 December 2019: EUR 1,058 million). Trade receivables increased significantly by EUR 2,505 million to EUR 2,773 million (31 December 2019: EUR 0,268 million), due in particular to the increased volume of business. Against this background, trade payables also increased. Net financial assets are slightly negative, amounting to EUR -0,095 million as at 30 September (31 December 2019: EUR 0,211 million). As at 30 September 2020, cash and cash equivalents due to bank balances amounted to EUR 0,319 million compared with EUR 0,293 million as at 31 December 2019.Current provisions and liabilities increased significantly compared to 31 December 2019. This is due to the significant increase in the volume of business and the resulting higher purchasing volume. Liabilities to banks were reduced as planned as of 30 September 2020. As of 30 September 2020, there were no longer any bank liabilities (31 December 2019: EUR 0,125 million).The equity of LION Smart GmbH amounted to EUR 6,021 million at the quarterly reporting date (31 December 2019: EUR 5,093 million). The equity ratio as of 30 September 2020 decreased to 53.74% compared to the balance sheet date 31 December 2019 (31 December 2019: 64.85%). Due to the significant increase in sales growth and the resulting significant improvement in operating cash flow, LION Smart GmbH was able to conduct its business largely without additional capital measures by LION E-Mobility AG. While capital contributions of EUR 2,05 million were made to LION Smart GmbH in the same period of the previous year, these capital measures were significantly reduced in the same period in 2020. In total, there were only capital injections by the parent company of EUR 1,05 million in the three quarters.Cash flow and financing as of 30.09.2020The cash flow from operating activities improved in the reporting period to EUR 0,165 million (previous year: EUR -3,061 million). This is mainly due to the expansion of business and the associated inflow of liquidity.As a result of investments in fixed assets - in particular due to the development project - the cash flow from investing activities is negative; as at 30 September it amounted to EUR -0,437 million (previous year: EUR -0,432 million).The repayment or redemption of financial liabilities amounted to EUR 0,725 million in the reporting period, while cash and cash equivalents increased by EUR 1,05 million due to capital contributions by the sole shareholder. On balance, this results in a positive cash flow from financing activities of EUR 0,297 million (previous year: EUR 3,44 million).Outlook for the 2020 financial yearFor the year, we expect sales of around EUR 16 million. The decline of approximately EUR 1-2 million compared to our estimate as of 30 June compared to the middle forecast range is mainly due to temporary revenue postponements to the first quarter of 2021. We continue to expect a negative EBITDA for the entire fiscal year 2020 depending on the degree of completion of the development project with our TIER 1 supplier and the related revenue recognition.About LION E-Mobility AG:LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology.The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc.www.lionemobility.comContact LION Smart GmbHThomas HetmannManaging Director | Board MemberLION E-Mobility Investor RelationsSebastian DueringPhone: +49 221 94991871Mobile: +49 151 58204309Email: ir@lionemobility.com Disclaimer:Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or performance are not considered historical facts and may therefore be forward-looking statements. Forward-looking statements are based on the expectations, estimates and plans at the time the statements were made, and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated become. LION E-Mobility AG is under no obligation to update the forward-looking statements in this press release.Additional features:File: LION Smart GmbH Q3/2020 Balance sheet and income statement09.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: LION E-Mobility AG Lindenstraße 16 6340 Baar Switzerland Phone: +41 (0)41 500 54 11 Fax: +41 (0)41 500 54 12 E-mail: info@lionemobility.de Internet: www.lionemobility.com ISIN: CH0132594711, CH0132594711 WKN: A1JG3H , A1JG3H Listed: Regulated Unofficial Market in Frankfurt, Hamburg, Munich (m:access), Tradegate Exchange EQS News ID: 1153909   End of News DGAP News Service

  • EQS Group

    LION E-Mobility AG: Management of LION E-Mobility AG acquires shares in own company

    DGAP-News: LION E-Mobility AG / Key word(s): Acquisition19.11.2020 / 08:00 The issuer is solely responsible for the content of this announcement.Baar (CH), November 19, 2020 - LION E-Mobility AG, a publicly listed Swiss holding company with strategic investments in the field of electrical energy storage and lithium-ion battery system technology, announces that multiple Board of directors of Lion E Mobility AG have acquired shares of the company. The necessary notifications to the regulatory authorities have been made."These investments are sending a clear signal that we share a belief in the success of LION", says Alessio Basteri, Chairman of the Board of Directors of LION E-Mobility AG, and continues: "LION Smart GmbH, the operating subsidiary of LION E-Mobility AG, has developed excellently under the leadership of Thomas Hetmann in this challenging year, against the background of the global pandemic and stagnating or declining economic activity. We have a good order pipeline, current industrial partners at our side and are making significant progress on our ongoing projects. To give all shareholders an overview of our progress so far and our plans for the coming year, we plan to provide more information to our investors in the coming weeks".Thomas Hetmann, Managing Director of LION Smart GmbH and also Board Member of LIONE-Mobility AG, adds: "Despite Covid-19, this year we have worked on building the sales pipeline, expanding and adding to our workforce. Through our current projects we have further developed our technology and battery solutions and worked even more closely with our partners. As hopefully the threat from Covid-19 recedes with the promise of vaccine, we are ready and funded for the next phase of our journey in 2021 and beyond".About LION E-MobilityLION E-Mobility is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the area of electrical energy storage and lithium-ion battery system technology.The company owns 100% of the German Lion Smart GmbH, a developer of battery packs and battery management systems. LION Smart also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG is also 100% owner of LION E-Mobility North America Inc.About LION Smart GmbHLion Smart GmbH is an innovative development service provider for Original Equipment Manufacturers (OEM) and suppliers to the automotive industry and other branches of industry. The company operates test benches and test laboratories for electrical storage together with TÜV SÜD AG in the form of a joint venture (TÜV SÜD Battery Testing GmbH). As a high-quality engineering service provider, LION Smart GmbH also offers advice on lithium-ion storage technology and maintains its own research and development program in this area. The company supports its customers in the integration into the respective vehicle concept and works closely with research institutions and universities.ContactAlessio BasteriChairman of the BoardLION E-Mobility Investor RelationsSebastian DueringTelefon: +49 221 94991871Mobil: +49 151 58204309E-Mail: ir@lionemobility.com www.lionemobility.com19.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: LION E-Mobility AG Lindenstraße 16 6340 Baar Switzerland Phone: +41 (0)41 500 54 11 Fax: +41 (0)41 500 54 12 E-mail: info@lionemobility.de Internet: www.lionemobility.com ISIN: CH0132594711, CH0132594711 WKN: A1JG3H , A1JG3H Listed: Regulated Unofficial Market in Frankfurt, Hamburg, Munich (m:access), Tradegate Exchange EQS News ID: 1149251   End of News DGAP News Service