UK markets closed

LION E-Mobility AG (LMIA.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
Add to watchlist
4.0000+0.0100 (+0.25%)
At close: 4:29PM CEST
Full screen
Previous close3.9900
Open3.9400
Bid0.0000 x N/A
Ask0.0000 x N/A
Day's range3.9300 - 4.0400
52-week range2.0400 - 6.8600
Volume1,750
Avg. volume1,137
Market cap41.174M
Beta (5Y monthly)1.90
PE ratio (TTM)N/A
EPS (TTM)-0.2030
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    LION E-Mobility AG: LION Smart GmbH off to a good start in fiscal year 2021 (news with additional features)

    DGAP-News: LION E-Mobility AG / Key word(s): Quarterly / Interim Statement/Quarter Results06.05.2021 / 16:35 The issuer is solely responsible for the content of this announcement.PRESS RELEASELION Smart GmbH off to a good start in fiscal year 2021- Revenues in 1st quarter (EUR 2.6 million) in line with company's forecast and at previous year's level (2020: EUR 2.0 million)- EBITDA negative at EUR 0.208 million, (2020: EUR 0.207 million) burdened by one-off expenses- Completion of the development project planned in the short term- Sales in 1st quarter 2021 at EUR 2.6 million (previous year: EUR 2.0 million)- Expected negative EBITDA as of March 31, 2021 at EUR -0.208 million (previous year: EUR 0.207) due to further development expenses for the LIGHT Battery- Operating cash flow below previous year at EUR -0.744 million (previous year: EUR -0.384 million); cash flow use for investments EUR -0.029 million (previous year: EUR -0.708 million) and improvement of financing structure (EUR 0.5 million / previous year: EUR 1.314 million) Preliminary figures in EUR million Q1 2021 Q1 2020 Change YoY cumulative Turnover 2.609 2.033 +0.576 Total output 2.709 2.033 +0.676 EBITDA -0.208 0.207 -0.415 Quarterly results -0.275 0.190 -0.465 Garching near Munich, March 6, 2021 - LION Smart GmbH, a wholly owned subsidiary of LION E-Mobility AG, today published its preliminary unaudited financial results as of March 31, 2021. The business of the innovative supplier of lithium-ion battery systems and integrative battery solutions has continued to develop positively as it enters fiscal year 2021. Taking into account the expected business performance in 2021, the results are in line with the forecast. As planned, a significant increase in sales volume and EBIT is expected for the 2nd and 3rd quarters of the current fiscal year.Results of operations of LION Smart GmbH as of March 31, 2021In the 1st quarter of 2021, sales revenues totaling EUR 2.6 million were realized. Both sales and EBIT were in line with expectations in what tends to be the weakest quarter. For the 2nd quarter, sales of EUR 11.2 million are expected if the development goes according to plan.In the 1st quarter of 2021, no development costs were recognized as own work capitalized. As of March 31, 2021, internally generated intangible assets remained unchanged at EUR 2.094 million (December 31, 2020: EUR 2.094 million).The change in work in progress and finished goods increased compared to December 31, 2020 (EUR 0.1 million), in particular due to the start of work on further projects in the first quarter of 2021.Compared to the previous year (March 31, 2020), total output (sales, own work capitalized, change in inventories) increased significantly by EUR 0.676 million to now EUR 2.709 million.The cost of materials - consisting of cost of materials and other purchased services - increased to EUR 1.986 million (previous year: EUR 1.021 million), in particular due to the development project. As a result, the cost of materials ratio (calculated from the ratio of cost of materials to sales and changes in inventories) was 73.33% (previous year: 50.23%).Other purchased services increased by EUR 0.012 million to EUR 0.133 million, mainly due to the use of external services for the development project. This also includes expenses for external employees in the context of production.Consequently, gross profit of EUR 0.723 million (previous year: EUR 1.012 million) was generated for the reporting period, which corresponds to a gross profit margin of 26.67%.Personnel expenses increased slightly compared to the previous year. In the first quarter, LION Smart GmbH employed a total of 32 permanent staff and nine student trainees (previous year: 34 in total). The personnel deployment rate for the first quarter was 22.84%, compared with 23.41% in the same period of the previous year.Other operating expenses increased significantly compared to the previous year, in particular due to the expansion of the business volume. Expenses in the overhead area relate in particular to legal and consulting costs (EUR 0.140 million), rental expenses (EUR 0.019 million) and insurance costs (EUR 0.050 million).The accumulated earnings before interest and taxes (EBIT) as of March 31, 2021 amount toEUR -0.283 million (previous year: EUR 0.181 million) due to high one-off expenses.As in the previous quarters, the financial result of LION Smart GmbH is clearly positive. This is due on the one hand to the loans extended to TÜV Süd Battery Testing GmbH (TSBT) and the associated interest income. Interest expenses for loans drawn down totaled EUR 0.07 million in the reporting period.In the reporting period, LION Smart GmbH generated a pre-tax result of EUR -0.275 million (previous year: EUR 0.184 million).Net assets and financial position as of March 31, 2021Total assets as of March 31, 2021 amount to EUR 10.144 million (December 31, 2020: EUR 11.415 million). Non-current assets account for EUR 6.934 million (December 31, 2020 EUR 6.979 million), current assets amount to EUR 3.048 million (December 31, 2020 EUR 4.352 million)Non-current assets decreased by 0.66% to EUR 6.934 million (December 31, 2020: EUR 6.979 million). Thereby, property, plant and equipment decreased slightly by EUR 0.037 million to EUR 0.476 million (December 31, 2020: EUR 0.513 million). Intangible assets decreased slightly to EUR 2.167 million (December 31, 2020: EUR 2.175 million). Loans to companies in which an equity investment is held, which are reported under financial assets, remained unchanged. (December 31, 2020: EUR 2.250 million).Current assets decreased by EUR 1.304 million to EUR 3.048 million (December 31, 2020: EUR 4.352 million). Trade receivables decreased by EUR 0.985 million to EUR 1.336 million (December 31, 2020: EUR 2.321 million), as a large portion was repaid as scheduled by payments from customers. As of March 31, 2021, cash and cash equivalents due to bank balances amounted to EUR 0.242 million compared to EUR 0.515 million as of December 31, 2020.The equity of LION Smart GmbH amounted to EUR 6.316 million at the end of the reporting period (December 31, 2020: EUR 6.091 million). The equity ratio as of March 31, 2021 increased to 62.26% compared to the balance sheet date, December 31, 2020 (December 31, 2020: 53.36%). In the first quarter, LION E-Mobility AG made capital contributions of EUR 0.5 million.Current provisions total EUR 0.917 million as of March 31, 2021. Other provisions mainly include personnel costs such as overtime, vacation not taken and variable salary components. In addition, the item also includes outstanding purchase invoices for correct accrual of EUR 0.407 million.Trade payables amount to EUR 1.249 million as of March 31, 2021. The decrease compared to the balance sheet date (EUR 3.2 million) is due to scheduled repayments and repayment.Other liabilities mainly comprise accruals from payroll as of March 31, 2021 for tax and social security contributions still to be paid.Cash flow and financing as of March 31, 2021Cash flow from operating activities remains negative, amounting to EUR -0.744 million in the reporting period (previous year: EUR -0.384 million). This is mainly due to the expansion of business and the associated outflow of liquidity. If business develops according to plan, we expect a positive cash flow from operating activities in the second and third quarters.Due to investments in property, plant, and equipment - particularly as a result of the development project - cash flow from investing activities is negative; as of March 31, 2021, it amounted toEUR -0.03 million (previous year: EUR -0.708 million).Cash flow from financing activities was positive in the first quarter and amounted to EUR 0.5 million (previous year: EUR 1.314 million). The main reason for this was the cash inflow from the sole shareholder, LION E-Mobility AG, in the amount of EUR 0.5 million. There were no repayments of other financial liabilities in Q1 2021.Outlook for the second and third quarters of 2021 LION Smart GmbH has made a very good start to the current fiscal year. For the second and third quarters, we expect planned revenues in a range of EUR 18 million to EUR 20 million and positive EBITDA and EBIT.At the same time, we are in constructive talks with our partners and the Tier 1 supplier about the continuation of the development project up to a possible small series production beyond the year 2021.We are also in discussions with well-known automotive manufacturers for the implementation of joint projects, particularly in the area of reducing charging times with our immersion-cooled battery solution.The further certifications required for us in the areas of TISAX and IATF are progressing according to plan. We expect to be able to complete the associated organizational changes, update our IT landscape, and supplement or expand our processes and the associated quality improvements largely by the end of 2021.About LION E-Mobility AGLION E-Mobility AG (LMIA, ISIN CH0560888270, WKN A2QH97) 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.Responsible for the content of the press release: Board of Directors of LION E-Mobility AG.ContactThomas Hetmann | Board member | CEO of LION Smart GmbHLION E-Mobility Investor RelationsSebastian DueringPhone: +49 221 94991871 | Mobile: +49 151 58204309E-Mail: ir@lionemobility.com | www.lionemobility.comDisclaimer: 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: HGB Quarterly Figures as of 31.03.202106.05.2021 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: CH0560888270 WKN: A2QH97 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Tradegate Exchange EQS News ID: 1193601 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