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LION E-Mobility AG: LION Smart GmbH announces HGB figures (unaudited) as of June 30, 2021 - Seite 4

The capital contributions of the shareholder in the amount of €0.5 million are significantly below those of the previous year and, correspondingly, the cash inflow in the financial area.

Overall, changes in cash and cash equivalents between 31 December 2020 and 30 June 2021 totalled €0.211 million.

Outlook for the second half of 2021

We expect significantly higher revenue and improved gross profit for H2 2021, especially in the Integration Business. We expect further new customers for our offered electrification solutions in the second half of 2021, but probably only during Q4 2021.

At the same time, we are in talks with potential customers in our battery management system and the LIGHT Battery. We are confident here that we will be able to win new development orders and thus significantly increase revenue for 2021 compared to the previous year.

For the financial year, we expect total revenues of approx. €28-30 million (gross accounting) and approx. €7-8 million (net). This does not include the expected revenues in the areas of Integration Business, Battery Management System and LIGHT Battery.

However, given the high one-off expenses in the second half of the year for the certification of LION Smart GmbH in the automotive sector and the expected expenses for the possible acquisition of technology and production licences for the establishment of our own battery production, we do not expect a positive annual result for 2021.

Responsible for the press release: Board of Directors LION E-Mobility AG

Contact LION Smart GmbH
Thomas Hetmann
Managing Director | Board Member


LION E-Mobility Investor Contact

Frank Schönrock (Weber Shandwick)
Phone: [phone]
E-Mail: [e-mail]

Arne Siegner
Phone: [phone]
E-mail: [e-mail]


Disclaimer:
Statements that express or imply projections, expectations, beliefs, plans, objectives and assumptions regarding future events or performance are not historical facts and may therefore be forward-looking statements. Forward-looking statements are based on expectations, estimates and plans at the time they are made and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated. LION E-Mobility AG does not undertake any obligation to update the forward-looking statements in this press release.