LION E-Mobility AG

Latest Results (23.05.2024):

Revenue Growth in FY 2023

LION E-Mobility AG reported a revenue increase of 4% in FY 2023, reaching €56.1 million, up from €53.8 million in the previous year. This growth exceeded the company's revenue forecast of over €55 million for the fiscal year, driven primarily by the delivery of battery packs to the electric trucks and buses markets in North America and Europe.

EBITDA and EBIT Decline

Despite the revenue growth, LION E-Mobility AG experienced a decline in EBITDA to -€0.7 million in FY 2023 from -€0.2 million in 2022. The EBIT also worsened, dropping to -€1.6 million from -€0.6 million in the previous year, largely due to increased investments and depreciation at the new production site in Hildburghausen.

Improvement in Operating Cash Flow

LION E-Mobility AG saw a significant improvement in its operating cash flow, which turned positive at €2.1 million in FY 2023, a recovery from -€6.8 million in 2022. This improvement reflects better operational efficiency and the commencement of production at the new facility in May 2023.

Stable Cash Reserves

By the end of FY 2023, LION E-Mobility AG maintained a healthy liquidity position, with cash and cash equivalents totaling €4.4 million, compared to €3.0 million at the end of 2022. This increase in cash reserves demonstrates the company's prudent financial management and operational improvements.

Outlook for FY 2024

Looking ahead to FY 2024, LION E-Mobility AG is optimistic about its financial performance, projecting revenue growth of around 11% with expected revenues ranging between €60 million and €65 million. The company also anticipates an EBITDA between €0.5 million and €1 million, signaling a return to profitability and sustained growth.