on LION E-Mobility AG (isin : CH0132594711)
Adjustment of LION E-Mobility AG's 2024 Outlook
LION E-Mobility AG has revised its financial outlook for 2024. Initially, the company projected revenues between €60 million and €65 million, reflecting an 11% growth and an expected EBITDA of €0.5 million to €1 million. However, the current oversupply in the battery market has necessitated adjustments.
The management now anticipates sales to be deferred to 2025, with 2024 revenues not exceeding €42 million. This revision may result in a slightly negative EBITDA for the year. LION E-Mobility's adjustment is a reaction to unfavorable market conditions in the battery sector.
R. P.
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