Leclanché SA

announces extension of the publication deadline for the 2023 annual report and releases its unaudited 2023 key figures.

Leclanché SA / Key word(s): Preliminary Results/Annual Results Leclanché SA: announces extension of the publication deadline for the 2023 annual report and releases its unaudited 2023 key figures. 30-Apr-2024 / 06:50 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53 LR

Leclanché announces extension of the publication deadline for the 2023 annual report and releases its unaudited 2023 key figures.

 

YVERDON-LES-BAINS, Switzerland, April 30, 2024 – In its decision of April 29, 2024, SIX Exchange Regulation AG approved an extension of the publication deadline of Leclanché’s (SIX: LECN) 2023 annual report until May 31, 2024.

The Company has requested an extension for submitting its 2023 annual report. This request comes as a result of significant internal optimisations carried out last year, which have greatly enhanced the Company’s value model and financial framework. The 2023 consolidated accounts now include three new entities, each with its own set of accounts, necessitating a more intricate consolidation process than in previous years.

These strategic enhancements include the transformation of Leclanché’s specialty business unit into a fully-owned subsidiary, Leclanché SBS SA, and the establishment of Leclanché Technologies SA. This new subsidiary consolidates all the Company’s intellectual property rights and patents, facilitating the revaluation of these assets within an IP box, effective from January 1, 2024.

Additionally, Leclanché has reorganised its involvement in a key solar and storage project in St. Kitts through Leclanché St Kitts Energy Holding Ltd. Following a pivotal agreement last year with Leclanché’s then-joint venture partner, Leclanché has now become the sole owner of this special purpose company.

Leclanché is releasing its unaudited key financial figures for the year 2023:

In 2023, the Company's consolidated income reached CHF 18.7 million, with customer revenue achieving CHF 17.1 million, marking a notable increase from the CHF 7.8 million reported in the first half of the year. Despite a modest decline in revenue recognised under IFRS compared to 2022, it is important to highlight the CHF 2.8 million in net deferred revenues^[1] on the Balance Sheet. This represents additional invoiced amounts to customers that are not yet recognised as revenue, underscoring Leclanché’s prudent financial management.