Leclanché SA announces extension of the publication deadline for its 2022 annual report and releases its unaudited 2022 key figures

Ad hoc announcement pursuant to Art. 53 LR

Leclanché announces extension of the publication deadline for its 2022 annual report and releases its unaudited 2022 key figures

YVERDON-LES-BAINS, Switzerland, May 2, 2023 – In its decision of April 28, 2023, SIX Exchange Regulation AG approved an extension of the publication deadline of Leclanché’s 2022 annual report until May 31, 2023 and requested that Leclanché (SIX: LECN), one of the world's leading providers of energy storage solutions, publish certain 2022 unaudited key financial figures by May 2, 2023. 

The Company has just completed the closing work for its consolidated and statutory accounts as well as finalising the year-end audit. The closing work had to be postponed because of various outstanding items of information and their corresponding verification. The new board of directors, new executive committee, and new auditors are working diligently to ensure that all outstanding items of information are verified, so that Company accounts can be published by May 31, 2023.

Leclanché is therefore releasing its unaudited key financial figures for the year 2022:

In 2022, the Company’s consolidated revenue amounted to CHF 18.0 million, delivering a notable increase in the second half of the year compared to the already published CHF 6.5 million for the first half of the year.

Despite an expected unaudited net loss for the year 2022 of CHF (87.0) million, the Company has been able to maintain a stable balance sheet of CHF 90.9 million as of December 31, 2022 compared to CHF 89.7 million the previous year.

The Company's commitment to growth and innovation has continued to drive success and build the foundation for future opportunities. The board is confident about the Company's potential to create value for its shareholders and drive growth.

In its decision of April 28, 2023, SIX Exchange Regulation AG requested Leclanché to insert the below excerpt in this ad hoc announcement:

The exemption application of Leclanché (Issuer) dated 24 April 2023 requesting an extension of the deadline to publish its 2022 annual report and to file such report with SIX Exchange Regulation AG until 31 May 2023 at the latest, is granted with the following reservation (lit. a) and under the following conditions (lit. b):

1. SIX Exchange Regulation AG reserves the right to suspend trading of the registered shares of the Issuer in case its 2022 annual report is not published in accordance with the provisions on ad hoc publicity (Art. 53 of the Listing Rules [LR] in connection with the Directive on Ad hoc Publicity [DAH]) and not filed with SIX Exchange Regulation AG until Wednesday, May 31 2023, 11:59 pm CET, at the latest.
2. Leclanché is required to publish a notice in accordance with the provisions on ad hoc publicity (Art. 53 LR in connection with the DAH) concerning this decision until Tuesday, 02 May 2023, 7:30 am CET, at the latest. The notice must contain:

• the unaltered reproduction of the wording of para. I. of this decision, placed in a prominent position;
• the reasons for the application of the Issuer requesting an extension of the deadline to publish its 2022 annual report and to file such report with SIX Exchange Regulation AG;
• the unaudited key figures such as net revenues, EBITDA, EBIT, profit/loss, balance sheet total, equity etc. for the annual results 2022.

For more information, write to info@leclanche.com or visit www.leclanche.com

About Leclanché

Leclanché is a world leading provider of low-carbon footprint energy storage solutions based on lithium-ion cell technology. Established in 1909 in Yverdon-les-Bains, Switzerland, Leclanché’s history and heritage is rooted in battery and energy storage innovation. The company’s Swiss culture for precision and quality, together with its production facilities in Germany, make Leclanché the partner of choice for companies seeking the very best in battery performance and who are pioneering positive changes in how energy is produced, distributed and consumed around the world. Leclanché is organised into three business units: energy storage solutions, e-Mobility solutions and specialty battery systems. The company currently employs over 350 people with representative offices in eight countries around the world. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

Disclaimer

This press release contains certain forward-looking statements relating to Leclanché's business, which can be identified by terminology such as "strategic", "proposes", "to introduce", "will", "planned", "expected", "commitment", "expects", "set", "preparing", "plans", "estimates", "aims", "would", "potential", "awaiting", "estimated", "proposal", or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché's production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché's products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results

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