LION E-Mobility AG Publishes Annual Report 2023 and Confirms Outlook 2024

LION E-Mobility AG, a leading provider of battery packs for e-mobility and energy storage solutions, has released its audited annual report for the 2023 financial year. The company reported revenues of €56.1 million, marking a 4% increase from the previous year’s €53.8 million. The operating result EBITDA reached €0.0 million, compared to € -0.2 million in 2022. This result exceeded the preliminary EBITDA published in March 2024.

The growth in sales is attributed to the rising demand for LION battery packs in North America and Europe, particularly in the electric trucks and buses markets. Additionally, the expanding BTM C&I (Behind-The-Meter Commercial and Industrial) sector in Europe contributed to this increase.

Looking forward to 2024, LION E-Mobility AG expects revenues to reach between €60 million and €65 million, representing an approximate growth of 11%, with an anticipated EBITDA of €0.5 million to €1 million.

The full report is available on their official website. The Annual General Meeting is scheduled for June 27, 2024, in Zug, Switzerland. Further details can be found on their shareholder meetings webpage.