EQS-News

LION E-Mobility AG today published its consolidated, unaudited financial figures for the third quarter 2023 and provides an update on the FY 2023 guidance

EQS-News: LION E-Mobility AG / Key word(s): 9 Month figures LION E-Mobility AG today published its consolidated, unaudited financial figures for the third quarter 2023 and provides an update on the FY 2023 guidance 14.12.2023 / 18:30 CET/CEST The issuer is solely responsible for the content of this announcement. LION E-Mobility AG today published its consolidated, unaudited financial figures for the third quarter 2023 and provides an update on the FY 2023 guidance

Zug (Switzerland), 14.12.2023 – LION E-Mobility AG (LION; Symbol: LMIA), today publishes the consolidated Q3 financials and updates its FY 2023 guidance.

• Guidance update (EUR >55m) underpinned by strong Q4 sales development
• EBITDA positive after 9M, despite extraordinary costs borne this year
• 9M ’23 revenues below 9M ’22 due to destocking and production ramp-up
• Further achievements with immersion cooling development
• Appointment of new CEO to be announced soon
• Increased focus on IR activities

Guidance Within the Previously Communicated Range, Driven by Strong Q4 Sales Development

LION is pleased to provide more specific guidance, with expectations now surpassing just over EUR 55 million for the current fiscal year. This outlook is supported by robust sales developments in Q4 so far, and the remaining shipments to be completed by year end.

The graph below illustrates the visibility of the full year results.

 

Image: Full year Results 

 

EBITDA Positive After 9M Despite Extraordinary Costs

Despite facing extraordinary costs throughout the year, LION once again managed to operate reaching EBITDA positivity after nine months. This accomplishment underscores the company's commitment to financial sustainability and operational efficiency.

9M '23 Revenues Reflect Destocking and Production Ramp-Up

While 9M '23 revenues are below the figures recorded in the same period last year, this is mainly attributed to the pull-forward effect LION saw last year in light of the takeover of the production from BMW paired with the destocking in Q1 and Q2 before we ramped-up the production starting in May.