on LION E-Mobility AG (isin : CH0132594711)
LION E-Mobility AG Reports Positive Cash Flow in Q3 2024
LION E-Mobility AG, a leading battery pack manufacturer, reported a positive operating cash flow for Q3 2024. Despite challenging market conditions, the company increased its sales to EUR 6.4 million, marking a 33% rise from Q2 2024. EBITDA losses decreased by 43% to EUR -1.2 million compared to the previous quarter.
Significant progress was made with the LION LIGHT battery, featuring innovative immersion cooling technology. Successful tests led to an invitation for pre-series development by a premium German automobile manufacturer, with deliveries slated for spring 2025.
LION's financial position has further improved following the sale of its stake in TÜV Süd Battery Testing GmbH. However, due to market oversupply, the company anticipates 2024 sales of up to €42 million, with uncertain EBITDA outcomes.
Looking to the future, LION expects market conditions to stabilize in the second half of 2025, especially in Europe and the USA.
R. H.
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