29.03.2018 – 23:04

LION E-Mobility AG

DGAP-News: LION E-Mobility AG: Final HGB Annual Figures for LION Smart GmbH

DGAP-News: LION E-Mobility AG / Key word(s): Miscellaneous/Final Results
LION E-Mobility AG: Final HGB Annual Figures for LION Smart GmbH

29.03.2018 / 22:58
The issuer is solely responsible for the content of this announcement.

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This is a correction notification to LION E-Mobility Corporate News, dated March
29th, 15.51 CET.

LION Smart GmbH closed the 2017 fiscal year with sales revenues of 1,307 TEUR
(previous year: 2,386 TEUR) and an operating result of -824 TEUR (previous year:
388 TEUR). Net income changed from 260 TEUR in 2016 to -812 TEUR in 2017. As a
result of investments, the balance sheet total increased from 3,027 TEUR to
3,781 TEUR.
 
The changes in sales revenue and net income are related to BMS contingents not
being ordered by a serial customer as well as to an increase in development and
personnel costs, particularly for the recently introduced LIGHT Battery
technology.
The disclosure report on this announcement will soon be available for download
on our website.

http://lionemobility.de/en/investor-relations
 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
 
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. 

Investor Relations Contact:
Mr. Walter Wimmer
Email:  ir@lionemobility.de
http://www.lionemobility.com
 
LION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland
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29.03.2018  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.

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 News DGAP News Service

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