DGAP-News: LION E-Mobility AG: Final annual results: Quadrupled turnover at LION Smart GmbH
DGAP-News: LION E-Mobility AG / Key word(s): Final Results/Final Results
LION E-Mobility AG: Final annual results: Quadrupled turnover at LION Smart GmbH
31.03.2016 / 22:34
The issuer is solely responsible for the content of this announcement.
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Garching, Germany - March, 31st 2016 - LION Smart GmbH, a subsidiary of LION
E-Mobility AG managed to increase its turnover by 296% in the fiscal year 2015.
In 2015 LION Smart GmbH was able to further consolidate its position in the
field of battery prototyping and managed to form strategic partnerships in the
electro-mobility sector. In the course of this, the product family
Battery-Management-Systems has been further developed and successfully
positioned in the market. In addition to an extension of the machinery pool for
the production of high-performance battery systems, the company moved to new
state of the art premises while the workforce was further increased by five
employees.
With significantly increased turnovers of 2.079 TEUR (prior year: 524 TEUR),
LION Smart was able to conclude the fiscal year 2015 with a 1147% rise in
operating results to 520.2 TEUR (prior year: 49 TEUR), thus meeting its targeted
numbers. Thereby company profits increased to 381.7 TEUR from -4.7 TEUR in the
previous year.
Considering the current company development and the market situation, at present
LION Smarts management keeps expecting a further doubling of its turnover in
2016.
Furthermore we would like to inform our investors, that todays extraordinary
shareholders meeting has been attended by more that 50% of our shares and that
all agenda items have been accepted unanimously.
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
Telefone: +49 (0)89 74567993
Email: ir@lionemobility.dehttp://www.lionemobility.de
LION E-Mobility AG
Poststrasse 6
6300 Zug
Switzerland
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31.03.2016 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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450457 31.03.2016
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