DGAP-News: LION E-Mobility AG: ?LION E-Mobility AG announces preliminary annual results for 2014: 103% increase in turnover at LION Smart GmbH compared to the prior year.
DGAP-News: LION E-Mobility AG / Key word(s): Preliminary
Results/Development of Sales
LION E-Mobility AG: LION E-Mobility AG announces preliminary annual
results for 2014: 103% increase in turnover at LION Smart GmbH
compared to the prior year.
16.02.2015 / 08:00
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LION E-Mobility AG announces preliminary annual results for 2014: 103%
increase in turnover at LION Smart GmbH compared to the prior year.
Garching - February 16th, 2015 - In the fiscal year 2014 LION Smart GmbH, a
subsidiary of LION E-Mobility AG, managed to increase its turnover by 103%.
In 2014 LION Smart GmbH, a development service provider for
high-performance energy storage systems and manufacturer of system
components for batteries has further increased its investments into the
product range of battery-management-systems and also managed to expand its
strong position in the segment of battery-prototyping. With increased
revenues of 513 TEUR (prior year: 252 TEUR) the company was able to meet
its targeted operating result of -6 TEUR (prior year: 64 TEUR) for the
fiscal year due to considerably increased investments and significantly
decreased proportion of its external debt ratio. Earnings changed from 1.2
TEUR in the prior year to -13.5 TEUR. In addition to an extension of the
machinery pool for the production of high-performance battery systems the
workforce was further increased by four employees. The outlook for 2015 is
also very positive: Order books are well filled and the latest edition of
open-source battery-management-systems in already in use at selected
clients. Due to the pleasant order situation, for 2015 we expect a further
doubling of our turnover.
The joint-venture TÜV SUED Battery Testing GmbH was able to further
increase its turnover in the fiscal year 2014. In comparison to the prior
year turnover rose by 10.5% to 2.961 TEUR (prior year: 2.679). Moreover 331
TEUR nonsales-related revenues were generated in 2014. Balance sheet total
increased by 2.9% from 8.199 TEUR to 8.435 TEUR. As a result of a
significant laboratory expansion as well as various beginning-of-the-year
and special-items effects, such as the initial operation of new crash-test
facilities in Oberpfaffenhofen, annual profits changed from 169 TEUR to
-270 TEUR. EBITDA changed from 786 TEUR to 412 TEUR. In the course of our
growth strategy testing capacities for cell-, module- and destructive tests
were further expanded. Also new crash test facilities were added to the
test portfolio. After mastering the challenges the first two quarters of
2014, TÜV SUED Battery Testing GmbH to achieve new records of turnover in
the second half of the year. Therefore we also anticipate a positive
outlook in this business segment for 2015.
About LION E-Mobility AG
LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss
Holding with strategic investments in the e-mobility sector, particularly
in the field of electric energy storage as well as battery pack development
and management. The Company holds 100% of the German LION Smart GmbH, a
development and engineering company specialized on custom designed battery
packs and battery-management-systems. LION Smart GmbH further holds a 30%
stake of the TÜV SUED Battery Testing GmbH, a dynamically growing joint
venture with the renowned TÜV SUED AG. Members of the Board of Directors
are: Mr. Dipl.-Ing. Daniel Quinger (President of the Board), Dr. Isolde
Semm, Dipl.-Ing. Tobias Mayer and Dipl.-Ing. (FH) Martin Specht. The
Management of LION Smart GmbH consists of Dipl.-Ing. Tobias Mayer and Mr.
Walter Wimmer. The Managing Director of the TÜV SUED Battery Testing GmbH
is Dipl.-Wi.-Ing. (FH) Johannes Brey. For more information please visit our
homepage: www.lionemobility.com
Disclaimer:
This presentation contains forward-looking statements that involve a number
of risks and uncertainties, including statements that relate to, among
other things, the Company's objectives, goals, strategies, intentions,
plans, beliefs, expectations and estimates, and can generally be identified
by the use of words such as "may", "will", "could", "should", "would",
"likely", "expect", "intend", "estimate", "anticipate", "believe", "plan",
"objective" and "continue" (or the negative thereof) and words and
expressions of similar import. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable,
such statements involve risks and uncertainties, and undue reliance should
not be placed on such statements. Certain material factors or assumptions
are applied in making forward-looking statements, and actual results may
differ materially from those expressed or implied in such statements.
Important factors that could cause actual results to differ materially from
expectations include but are not limited to: general business and economic
conditions (including but not limited to currency rates and
creditworthiness of customers); Company liquidity and capital resources,
including the availability of additional capital resources to fund its
activities; level of competition; changes in laws and regulations; legal
and regulatory proceedings; the ability to adapt products and services to
the changing market; the ability to attract and retain key executives; and
the ability to execute strategic plans. The Company does not undertake any
obligation to update publicly or to revise any of the forward-looking
statements contained in this presentation, whether as a result of new
information, future events or otherwise, except as required by law.
Investor Relations Contact:
Mr. Walter Wimmer
Phone: +49 (0)89 74567993
Mr. Hany Magour
Phone: +49 (0)89 32988662
Email: ir@lionemobility.dehttp://www.lionemobility.de
LION E-Mobility AG
Poststrasse 6
6300 Zug
Switzerland
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16.02.2015 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.
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Language: English
Company: LION E-Mobility AG
Poststraße 6
6300 Zug
Switzerland
Phone: +49 (0)89 74567993
Fax: +41 (0)41 500 54 12
E-mail: info@lionemobility.de
Internet: www.lionemobility.de
ISIN: CH0132594711, CH0132594711
WKN: A1JG3H , A1JG3H
Listed: Regulated Unofficial Market in Hamburg, Munich; Open
Market in Frankfurt
End of News DGAP News-Service
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323503 16.02.2015
DGAP-News: LION E-Mobility AG / Key word(s): Development of Sales/Incoming Orders LION E-Mobility AG: LION E-Mobility AG expects strong revenue growth in current fiscal year 02.12.2014 / 08:00 301415 02.12.2014 ...