LION E-Mobility AG

DGAP-News: LION E-Mobility AG: Half-Year Figures of TUEV SUED and LION Smart GmbH


DGAP-News: LION E-Mobility AG / Key word(s): Half Year Results/Miscellaneous
LION E-Mobility AG: Half-Year Figures of TUEV SUED and LION Smart GmbH

31.07.2017 / 20:30
The issuer is solely responsible for the content of this announcement.

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IFRS Half-Year Figures of TÜV SÜD Battery Testing GmbH

TUEV SUED Battery Testing GmbH, a successful joint venture between TUEV SUED and
LION, recorded a further increase in turnover in the first half of 2017.
Compared to the previous year sales increased by 34.2% to EUR 2,939 TEUR
(previous year: 2,190 TEUR).

The balance sheet total increased from 9,779 TEUR to 10,240 TEUR. On the asset
side this is mainly due to the increase in cash pool receivables from TÜV SÜD AG
in the amount of 344 TEUR and on the liability side due to the increase in
shareholders' equity of 341 TEUR. A balance sheet profit in the amount of 442
TEUR has been recorded.

The six-month net profit increased from 75 TEUR to 341 TEUR, resulting primarily
from the increase in sales revenues by 749 TEUR. This was offset by the increase
in personnel expenses of 174 TEUR, depreciation of 46 TEUR and other expenses of
107 TEUR.

EBITDA increased from 492 TEUR to 915 TEUR.
The equity ratio also increased from 57.2% to 58.0%, mainly due to the rise in
the balance sheet profit.
 
Half-year figures:
Sales current year / previous year:                                     + 34.2%
Six-month net profit for the year / previous year:          + 352.6%
Balance sheet profit year / previous year:                        + 336.9%
EBITDA Year / previous year:                                               +
86.1%
Equity ratio 30.06.17:
                                                            + 0.8%
Balance sheet total 30.06.17 / 31.12.16:                            + 4.7%

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HGB Half-Year Figures of LION Smart GmbH

LION E-Mobility AG announces that revenues of its subsidiary LION Smart GmbH
have changed from TEUR 780 to TEUR 690 in the first half of 2017 compared to
previous year's figures.

This can be put down to the fact that projects have been postponed and
accounting processes and effects will only be reflected in the second half of
the year. The operating result of TEUR -259 (previous year: TEUR -327) can
primarily be attributed to increased personnel development. In addition, the
company has invested sustainably in customer relationships, seven new patents,
expansion of the machine pool, quality management and marketing. Nevertheless,
operating costs were reduced compared to the previous year.

The six-month net profit thus improved from TEUR -355 to TEUR -327. The
investments made, the operating success with our customers and the good order
situation leave us confident about the further business development this year.

A supply contract with Kreisel Electric for the stationary storage "Mavero", for
which the production has already started, has been agreed on until 2021.

The management of LION Smart GmbH expects sales to increase in the second half
of the year.

About LION E-Mobility AG
 
LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss
Holding with strategic investments in the e-mobility sector, particularly in the
field of electric energy storage as well as battery pack development and
management. The Company holds 100% of the German LION Smart GmbH, a development
and engineering company specialized on custom designed battery packs and
battery-management-systems. LION Smart GmbH further holds a 30% stake of the TÜV
SUED Battery Testing GmbH, a dynamically growing joint venture with the renowned
TÜV SUED AG. Members of the Board of Directors are: Mr. Daniel Quinger
(President of the Board), Mr. Tobias Mayer, Mr. Hany Magour, Dr. Isolde Semm and
Mr. Martin Specht. The Management of LION Smart GmbH consists of Mr. Tobias
Mayer and Mr. Walter Wimmer. The Managing Director of the TÜV SUED Battery
Testing GmbH is Mr. Christian Theeck. For more information please visit our
homepage: www.lionemobility.com
 
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
 
Email: ir@lionemobility.de
http://www.lionemobility.de
 
LION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland
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31.07.2017  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

          Lindenstraße 16

          6340 Baar

          Switzerland

Phone:    +41 (0)41 500 54 11

Fax:      +41 (0)41 500 54 12

E-mail:info@lionemobility.de

Internet: www.lionemobility.com

ISIN:     CH0132594711, CH0132594711

WKN:      A1JG3H  , A1JG3H

Listed:   Regulated Unofficial Market in Hamburg, Munich (m:access); Open Market
in Frankfurt



 

End of News DGAP News Service

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