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LION E-Mobility AG Achieves Revenue Goals for 2023 and Predicts Further Growth in 2024

LION E-Mobility AG reported solid financial results for fiscal year 2023, with a 4% increase in revenue amounting to €56.1 million, slightly over their target. The Switzerland-based battery pack producer for e-mobility and energy storage solutions attributes this success to strong sales in electric trucks and buses in North America and Europe, as well as the Behind-The-Meter Commercial and Industrial sector in Europe. Despite the revenue increase, the company saw a decrease in EBITDA to -€0.7 million and EBIT to -€1.6 million, primarily due to investments in their new production site and a customer order impairment.

LION's operational improvements led to a positive operating cash flow of €2.1 million for 2023, a significant turnaround from the previous year. Looking ahead to 2024, LION anticipates a revenue bump of around 11%, expecting to achieve €60 million to €65 million, driven by recent orders and ongoing negotiations. The company remains optimistic about its growth prospects, fueled by strategic investments and technological collaborations aimed at enhancing product performance and operational efficiencies.

R. P.

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