658% turnover increase in first six months of 2015 at LION E-Mobility AG subsidiary LION Smart GmbH

27.07.2015

LION E-Mobility AG is proud to announce an 658% increase in turnover at its subsidiary LION Smart GmbH in the first six months of 2015 compared to last years period. With sales revenues reaching 802 TEUR (H1 2014: 106 TEUR) the first half year was successfully completed with an operating result of +90 TEUR (Previous year: -104 TEUR). Corporate earnings thereby rose from -106 TEUR to +89 TEUR. Considering the currently pleasant order situation further rises in turnover are to be expected in the second half of the current business year. Due to these positive developments the prospected doubling of turnover in 2015 is very likely to be surpassed.
 

About LION E-Mobility AG:

LION E-Mobility (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss holding company with strategic investments in the e-mobility sector, especially electrical energy storage (EES) and battery technology. The corporation holds 100% of the German company LION Smart GmbH, an engineering service provider focused on battery systems design and development of an advanced Battery Management System. LION Smart GmbH holds a significant share in TÜV SÜD Battery Testing GmbH, a joint-venture with TÜV SÜD AG. The LION E-Mobility AG board of directors consists of the chairman of the board Mr. Dipl.-Ing. Daniel Quinger, Mrs. Dr. Isolde Semm, Mr. Dipl.-Ing. Tobias Mayer and Mr. Dipl.-Ing. (FH) Martin Specht. The management of LION Smart GmbH consists of Dipl.-Ing. Tobias Mayer and Mr. Walter Wimmer. The General Manager of TÜV SÜD Battery Testing GmbH is Mr. Dipl.-Wi.-Ing. (FH) Johannes Brey. For further information please visit the LION E-Mobility AG website: www.lionemobility.de

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 ativities; 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.

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