Fox e-mobility AG reveals preliminary results for the 2023 financial year

fox e-mobility AG, a European company specializing in the production and development of compact electric cars, has published its preliminary unaudited key figures for the financial year 2023. Without having generated revenue from vehicle sales due to its phase development, the company however announced a net profit of 0.8 million euros for the financial year 2023, thanks to cost reduction measures and extraordinary revenues of 1.8 million euros. This performance marks a significant improvement compared to the preliminary net loss of 2.3 million euros recorded in 2022.

Fox e-mobility's equity amounted to €68.6 million as of December 31, 2023, against liabilities of €5.4 million, without any bank loans and with provisions of €0.8 million. 'euros. The company plans to release its audited annual financial statements for fiscal year 2023 no later than May 31, 2024.