EQS-News

fox e-mobility AG announces preliminary figures for the 2022 financial year and provides information on current activities

EQS-News: fox e-mobility AG / Key word(s): Preliminary Results fox e-mobility AG announces preliminary figures for the 2022 financial year and provides information on current activities 22.02.2024 / 17:03 CET/CEST The issuer is solely responsible for the content of this announcement. fox e-mobility AG announces preliminary figures for the 2022 financial year and provides information on current activities

Dusseldorf, February 22, 2024. fox e-mobility AG (ISIN DE000A2NB551), a European electric vehicle company specializing in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistics applications, today publishes its preliminary, unaudited key financial figures for the financial year 2022.

Preliminary key financial data for 2022
So far, fox e-mobility has not generated any revenue from vehicle sales as the company is still in the development phase. Due to various cost-saving measures, the net loss for the year was nevertheless significantly improved to EUR -2.3 million (2021: EUR -3.8 million). Equity amounted to EUR 67.8 million as of December 31, 2022. This is offset by liabilities of EUR 6.3 million, none of which have a term of more than 5 years and are not liabilities to banks. Provisions amount to EUR 0.8 million. All figures are unaudited.

The publication of the complete and audited annual financial statements for the 2022 financial year is expected by April 30, 2024 latest. The company will announce preliminary figures for the key financial data for the 2023 financial year in the upcoming week.

New appointment to the Supervisory Board
In accordance with the Articles of Association, the company's Supervisory Board consists of four members. Since the resignation of Supervisory Board member Russell Pfeiffer on February 8, 2022, the Supervisory Board has only had three members. The Supervisory Board was therefore completed to four members again on November 29, 2023 with the court appointment of Mr. Patrick Bigger. He was elected Chairman of the company's Supervisory Board on December 18, 2023.