LION E-Mobility AG - Adjustment of the outlook for the 2024 financial year
01 Aug 2024
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LION E-Mobility AG / Key word(s): Change in Forecast LION E-Mobility AG - Adjustment of the outlook for the 2024 financial year LION E-Mobility AG announces an adjustment to its outlook for the 2024 financial year. Together with the publication of the 2023 annual report, the 2024 outlook was confirmed, according to which revenue for the 2024 financial year is expected to be in the range of € 60 million to € 65 million, which corresponds to growth of around 11% and an expected EBITDA of € 0.5 million to € 1 million. Due to the current market situation, especially in view of the current oversupply on the battery market, the management expects that sales will be partially postponed until 2025 and that sales of no more than € 42million will be achieved in 2024 which could lead to a slightly negative EBITDA.
End of Inside Information Information and Explanation of the Issuer to this announcement: About LION E-Mobility AG The company operates highly automated module assembly lines at its own production facility in Germany. LION's battery packs offer the highest standards in terms of safety, quality, and reliability. Founded in 2011, LION E-Mobility AG (ISIN: CH0560888270, WKN: A2QH 97) is listed on the stock exchanges in Munich, Frankfurt, and Hamburg
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01-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | LION E-Mobility AG |
| Chamerstrasse 172 | |
| 6300 Zug | |
| Switzerland | |
| Phone: | +41 (0) 41 749 40 75 |
| E-mail: | info@lionemobility.com |
| 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: | 1959439 |
| End of Announcement | EQS News Service |
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1959439 01-Aug-2024 CET/CEST