CM-Equity AG is pleased to inform you about LION E-Mobility AG's latest press release.
TUEV SUED Battery Testing GmbH, a successful joint venture of TUEV SUED and LION, further expanded market shares in the business year 2015 and is able to record the best year in its history:
Compared to the previous year, turnover increased by 45,3% to 4.301 TEUR (Previous year: 2.961 TEUR).
Balance sheet total reduced by 7,7% from 8.435 TEUR to 7.782 TEUR, due to a reduction of liabilities.
Annual profits rose from -270 TEUR to 637 TEUR.
EBITA increased from -230 TEUR to 733 TEUR.
EBITDA grew by 238 % from 412 TEUR to 1.390 TEUR.
These figures are a result of a consistent implementation of the company's growth strategy, which included the expansion test capacities for cell, module and destructive tests and the finalized integration of our crash test center in Oberpfaffenhofen. Furthermore several improvements were made, which lead to an increase in capacity utilization. These measures resulted in a significant rise in profitability and competitiveness which is clearly represented by TUEV SUED Battery Testing GmbHs turnover and profit numbers. This solid base, the excellent order situation and the markets dynamic development provide an ideal start into the business year 2016. With its current orientation, TSBT can look ahead with great optimism.
About LION E-Mobility AG
LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss Holding with strategic investments in the e-mobility sector, particularly in the field of electric energy storage as well as battery pack development and management. The Company holds 100% of the German LION Smart GmbH, a development and engineering company specialized on custom designed battery packs and battery-management-systems. LION Smart GmbH further holds a 30% stake of the TÜV SUED Battery Testing GmbH, a dynamically growing joint venture with the renowned TÜV SUED AG. Members of the Board of Directors are: Dipl.-Ing. Daniel Quinger (President of the Board), Dipl.-Ing. Tobias Mayer, Mr. Hany Magour, Dr. Isolde Semm and Dipl.-Ing. (FH) Martin Specht. The Management of LION Smart GmbH consists of Dipl.-Ing. Tobias Mayer and Mr. Walter Wimmer. The Managing Director of the TÜV SUED Battery Testing GmbH is Dipl.-Wi.-Ing. (FH) Christian Theeck.
For more information please visit our homepage: www.lionemobility.com
This presentation contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to, among other things, the Company's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact:
Mr. Walter Wimmer
Telephone: +49 (0)89 74567993
LION E-Mobility AG