EQS-Adhoc

Leclanché announces its unaudited 2020 key figures and confirms its 2021 growth target - Seite 2

The increase in revenues in 2020 stems from the e-Transport Business Unit which delivered batteries for six vessels to Kongsberg Maritime while the Stationary Storage Solutions and Specialty Battery Business Units were slightly behind vs. 2019. This unprecedented turnover of the e-Transport Business Unit validates Leclanché's strategy to invest massively over the last five years in R&D, production equipment and engineering, to become the battery supplier of choice of prominent companies such as Bombardier, Kongsberg Maritime and others to be announced soon. The Company estimates that CHF 110 million can be directly attributed to this investment.

The balance sheet total amounted to CHF 73.2 million compared to CHF 73.1 million in 2019. This stability does not necessarily reflect the positive development of certain items, including a reduction in inventories of CHF 5.5 million and an investment of CHF 5.6 million in new production assets in Willstätt and Yverdon-les-Bains.

In addition, Leclanché SA, the Swiss legal entity, was in a negative equity position as of December 31, 2020 in an amount of CHF 15.5 million. This situation has since been remedied by the capital increase of CHF 33.8 million processed at the end of March 2021.

Despite the COVID-19 situation, which slowed down work on Leclanché's audit because employees involved in the preparation of the financial statements had to work from home (which made it difficult to access certain information), the Company is working hard to close the remaining open points with its auditors and Board of Directors and remains confident that it will be able to publish its full 2020 Annual Report before or on June 9, 2021.

In its decision of April 26, 2020, SIX Exchange Regulation AG requested Leclanché to insert the below excerpt in this press release:

"The exemption application of Leclanché SA (Issuer) dated April 20, 2021 requesting an extension of the deadline to publish its 2020 annual report and to file such report with SIX Exchange Regulation AG until June 9^, 2021 at the latest, is granted with the following reservation (lit. a) and under the following conditions (lit. b):