Leclanché Publishes its Annual Report 2022

Leclanché SA / Key word(s): Annual Results Leclanché Publishes its Annual Report 2022 31-May-2023 / 19:00 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 Publishes its Annual Report 2022

• Audited results are in line with unaudited preliminary results published on 2^nd May 2023
• 2022 Revenues of CHF 18.0 million, delivering a notable increase in the second half of the year, and an EBITDA loss CHF 57.5 million compared to 44.9 million in 2021
• The company has a strong business plan for the 2023 and 2024 backed with a growing pipeline driven by its three main markets: marine, railways and special road vehicles
• Current over indebtedness situation has been cured with the support of the Company’s largest shareholders.

 

YVERDON-LES-BAINS, Switzerland, May 31, 2023 – Leclanché SA (SIX: LECN), one of the world’s leading manufacturer of industrial heavy-duty batteries, today announces its results for the full year ending 31^st December 2022 and informs that further financial strengthening measures were undertaken.

Business Update:

The Company's commitment to growth and innovation has continued to drive success in the market and build the foundations for many future opportunities. The Board is confident on the Company's potential to create value for its shareholders and drive future growth.

In recent years, the Company has made significant up-front investments in manufacturing capacity and incurred research and development expenses while developing its order book. Recurring operating losses reflect upon this continuing effort.

Summary of 2022 Financials:

Consolidated revenues for the fiscal year 2022 were CHF 18.0 million, down from CHF 18.9 million in 2021. EBITDA loss for 2022 amounts to CHF (57.5) million compared to a loss of CHF (44.9) million the previous year. Net loss for the year was CHF (85.6) million compared to CHF (80.0) million in 2021.