LION E-Mobility Hits 2023 Revenue Goal, Predicts 2024 Growth Surge

• LION E-Mobility AG achieved its revenue target for FY 2023, with revenues up 4% to €56.1 million.
• The company forecasts a revenue growth of around 11% for fiscal year 2024.
• EBITDA for the fiscal year 2023 declined to -€0.7 million due to an increase in staffing at the new production site in Hildburghausen.
• LION generated a positive operating cash flow of €2.1 million in fiscal year 2023, a significant improvement from the -€6.8 million recorded in 2022.
• The company's revenues were mainly driven by the delivery of LION battery packs to the fast-developing markets of electric trucks and buses in North America and Europe.
• For full year 2024, LION expects to reach revenues in the range of €60 million - €65 million, and an expected EBITDA of €0.5 million - €1 million.

LION E-Mobility

+0,57 %

+10,06 %

+4,17 %

-12,50 %

-58,73 %

-64,14 %

-43,00 %

-70,75 %

-72,00 %

ISIN:CH0560888270WKN:A2QH97

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