ELARIS AG Adjusts Revenue Forecast for 2024 and Publishes 2023 Annual Figures

ELARIS AG has revised its revenue forecast for 2024, now expecting sales revenues between EUR 60-90 million, down from the initial projection of EUR 150-200 million. This comes after reporting EUR 9.7 million in sales for 2023, showing an increase from EUR 3.0 million in 2022.

The adjustment follows market disruptions caused by ongoing customs disputes in the automotive sector. Despite these challenges, ELARIS maintains a strong order backlog totaling EUR 40 million, providing a solid foundation for future growth.

ELARIS is actively seeking solutions to mitigate the impact of these market frictions. The company remains optimistic, believing its long-term growth strategy is secure and unaffected by the current situation.

ELARIS continues to focus on expanding its market presence with innovative electric vehicles, aiming to deliver affordable and in-demand products globally.