DGAP-News

LION E-Mobility AG: LION Smart GmbH announces HGB figures (unaudited) as of June 30, 2021

DGAP-News: LION E-Mobility AG / Key word(s): Quarter Results LION E-Mobility AG: LION Smart GmbH announces HGB figures (unaudited) as of June 30, 2021 (news with additional features) 05.08.2021 / 16:30 The issuer is solely responsible for the content of this announcement.

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Press release - Figures as of 30.06.2021 according to HGB - gross accounting, preliminary and unaudited
 

• LION SMART GMBH reports significant increase in sales revenue (+40.6 % to €9.072 million; gross accounting) and total output (+42.9 %) compared to the previous year
• Successful Completion of development contract with Tier 1 supplier.
• EBITDA (€-884 thousand) and EBIT (€-1,049 thousand) negative due to one-time expenses - see below (approx. € 405 thousand). Due to continued investment in rapid expansion of our business.
• Internal further development of the LIGHT Battery is progressing rapidly- (LION Smart LIGHT Battery Tech Talk - YouTube).
• Possible new development project with tier 1 supplier not agreed yet.
• High due diligence expenses in connection with the acquisition of technology and production licences from BMW AG with the aim of Lion becoming a battery manufacturer. Agreement with BMW AG is hopefully expected in the course of the third quarter 2021, plus further investment in Sales and Marketing.
• LION Smart in talks with OEM's and other companies regarding development projects in the field of immersion cooling applications.
• Better second half of 2021 expected - but some rising procurement prices and Corona effects linger.

- Revenues of €9.072 million (gross) compared to €6.453 million (gross) in the same period of the previous year, dominated by revenues in the Integration Business area
- EBIT and EBITDA burdened by one-off expenses around customer project Tier 1 Supplier (€0.158 million) as well as in the area of certifications (TISAX and IATF) €0.02 million and high due diligence expenses (€0.113 million)
- Operating cash flow negative at €-0.615 million (31.12.2020: €-0.384 million)
 

Preliminary figures in € million	Q2 2021	Q2 2020	Q1-Q2 2021 cumulative	Q1-Q2 2020 cumulative	Change YoY cumulative
Revenues/Sales	6.463	4.416	9.072	6.449	+2.623
Total Performance	6.514	4.416	9.223	6.449	+2.774
EBITDA	-0.677	0.083	-0.884	0.290	- 1.174
Quarterly results	-0.760	0.041	-1.035	0.231	-1.266