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28.02.2018 – 09:07

LION E-Mobility AG

DGAP-Adhoc: LION E-Mobility AG: Preliminary Yearly Figures 2017 of LION Smart GmbH


DGAP-Ad-hoc: LION E-Mobility AG / Key word(s): Preliminary Results/Development
of Sales
LION E-Mobility AG: Preliminary Yearly Figures 2017 of LION Smart GmbH

28-Feb-2018 / 08:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Baar, Switzerland - February, 28th 2018 -In the fiscal year 2017, LION Smart
GmbH's sales revenues changed from 1,974 TEUR in the previous year to 1,234
TEUR. The fiscal year concluded with an operating result of -805 TEUR (previous
year: 356 TEUR). Net income changed from 218 TEUR in the previous year to -921
TEUR.
 
Major investments in the new flagship product LIGHT Battery, whose completion
will result in a quantum leap for battery technology and the e-mobility sector
were among the main reasons for these significant changes.
 
The management has recognized the scope of this opportunity and the importance
of entering the market as soon as possible. And as a result of this, both
workforce and state-of-the-art development technologies were scaled up
massively. BMS requests planned but not ordered by a major customer in 2017
(that customer's remaining battery components did not meet the necessary
certification requirements at this point) represented an opportunity to quickly
allocate required resources for this project. Capital measures implemented by
the parent company LION E-Mobility AG in 2017 do secure the company's liquidity
for the coming years.
 
More information about LION Smarts LIGHT Battery here:
http://www.lionsmart.com/en/light-battery-concept/
 

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. LION als holds stakes in Inboard Technologies Inc., Park Here GmbH
and eliso GmbH. 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
 
About LION Smart GmbH:
LION Smart GmbH is an innovative development service provider for original
equipment manufacturers (OEMs) and suppliers of the automobile industry and
other industry sectors like aviation and maritime. As a partner in system
analysis, selection and design of electric energy storage systems like lithium
batteries and integration into the specific vehicle concept LION Smarts
engineers have a very high level of expertise. LION Smart carries out its own
research program in the field of lithium-ion technology and has filed two
patents in the past twelve months.
 
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---------------------------------------------------------------------
28-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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 Frankfurt, Hamburg, Munich (m:access)



 

End of Announcement DGAP News Service

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658711  28-Feb-2018 CET/CEST
 

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