DGAP-News: LION E-Mobility AG: Preliminary financial results for the first six month of 2018 for TUEV SUED Battery Testing GmbH

Preliminary financial results for the period Jan. - June 2018 for TUEV SUED Battery Testing GmbH:
 
The TUEV SUED Battery Testing GmbH joint venture further increased its turnover in the first half of 2018: Compared to the previous year, sales increased by 16.8 % to 3,434 TEUR (previous year: 2,939 TEUR).
Total assets increased by 1.5% to 13,605 TEUR, mainly due to an unchanged high investment ratio in property, plant and equipment. The capital structure is characterized by a high equity ratio of 71.4 %, which is able to finance the long-term growth of the company with high investments.
 
In the first six month of 2018, revenues increased by 495 TEUR compared to the previous year particularly due to additional projects and order intake. Higher personnel expenses of +350 TEUR due to additional recruitments, higher depreciation +47 TEUR and higher overheads +243 TEUR resulted in a slightly lower net income of 320 TEUR (-21 TEUR) in the first half of the year. Despite cost increases, the operating result (EBITDA) increased slightly to 915 TEUR (+1 TEUR).
 
Half-year figures:
Sales current year / previous year:                                     + 16.8%
Six-month net profit for the year / previous year:                - 6.2%
Balance sheet profit year / previous year:                          + 176.7%
 
EBITDA Year / previous year:                                             + 0.0%
Equity ratio 30.06.18:                                                          + 71.4%
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: Mr. Tobias Mayer (President of the Board), Mr. Michael Geppert, Mr. Roland Bopp, Mr. Martin Specht and Mr. Alessio Basteri. The Management of LION Smart GmbH consists of Mr. Tobias Mayer and Mr. Walter Wimmer. The Managing Director of the TÜV SUED Battery Testing GmbH is Mr. Christian Theeck. For more information please visit our homepage: www.lionemobility.com
 
Disclaimer:
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
Email: ir@lionemobility.de
http://www.lionemobility.com
 
LION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland