DGAP-Adhoc: Leclanché SA reports revenues of CHF 14.9 million in 2013
15.01.2014 – 07:36
Leclanché SA / Key word(s): Final Results 15.01.2014 07:28 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Leclanché SA reports revenues of CHF 14.9 million in 2013 Yverdon-les-Bains, Switzerland, January 15, 2014 - Leclanché S.A. (SIX Swiss Exchange: LECN), specialized in the production of large-format lithium-ion cells and energy storage solutions, today announced that its unaudited consolidated revenues were CHF 14.9 million, a decrease of 7.8% compared to revenues of CHF 16.1 million in 2012. Leclanché's portable business reached CHF 9.0 million, an increase of 2.6% over CHF 8.7 million in 2012. Distribution business revenues were CHF 3.3 million, a decrease of 9.7% over CHF 3.7 million in 2012, while revenues from the stationary business were CHF 2.6million, a decrease of 30.5% over CHF 3.7 million in 2012. Revenues from the stationary business were mostly generated from grant funded projects and are impacted by the timing of such projects. The business is on target to launch the home storage product during the first quarter 2014, in line with the previously announced Turnaround Plan. The portable business had an exceptional year and continued its progress in terms of revenues and profitability announced in the half year results. It recently won a significant order in excess of CHF 1 million for delivery in 2014 for customised battery systems from a customer in the defence sector. The distribution business had a difficult first half, which accounted for the annual shortfall, but under new management has made good progress in the second half with revenues slightly ahead in the second half compared with the same period in 2012. The business also won a number of major accounts in that period. About Leclanché Leclanché's strategy is to become one of the leading lithium-ion cell producers and solution providers for energy storage systems in Europe. Its strategic priorities are to develop and market energy storage products for home, industrial markets and grid applications and to grow its existing businesses of developing portable energy storage systems for military, medical and industrial applications. It also includes providing a range of professional energy storage systems to a diversified customer base. Through participation in research consortia focusing on hybrid and E-mobility applications, Leclanché is positioned to take advantage of new market opportunities. Through a unique, patented ceramic separator technology and focus on lithium-titanate technology, Leclanché manufactures large-format lithium-ion cells, optimized for safety and cycle-life, in a fully automated production process. The newly installed production line will have an annual capacity of one million cells or 76 MWh. Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved from a traditional battery manufacturer to become a leading developer and manufacturer of lithium-ion cells in Europe. Leclanché currently employs more than 100 staff and is listed on the SIX Swiss Exchange (LECN). The company has its headquarters in Yverdon-les-Bains (Switzerland) and production facilities in Willstätt (Germany). www.leclanche.eu Media contact: Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87, cla@dynamicsgroup.ch Disclaimer This press release contains certain forward-looking statements relating to Leclanché's business, which can be identified by terminology such as 'strategic', 'proposes', 'to introduce', 'will', 'planned', 'expected', 'commitment', 'expects', 'set', 'preparing', 'plans', 'estimates', 'aims', 'would', 'potential', 'awaiting', 'estimated', 'proposal', or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché's production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché's products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results. 15.01.2014 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Leclanché SA Av. des Sports 42 1400 Yverdon-les-Bains Switzerland Phone: +41 (24) 424 65-00 Fax: +41 (24) 424 65-20 E-mail: investors@leclanche.com Internet: www.leclanche.com ISIN: CH0110303119, CH0016271550 Valor: A1CUUB, 812950 Listed: SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------