Final annual results: Quadrupled turnover at LION Smart GmbH
Garching, Germany – March, 31st 2016 – LION Smart GmbH, a subsidiary of LION E-Mobility AG managed to increase its turnover by 296% in the fiscal year 2015.
In 2015, LION Smart GmbH was able to further consolidate its position in the field of battery prototyping and managed to form strategic partnerships in the electro-mobility sector. In the course of this, the product family Battery-Management-Systems has been further developed and successfully positioned in the market. In addition to an extension of the machinery pool for the production of high-performance battery systems, the company moved to new state of the art premises while the workforce was further increased by five employees.
With significantly increased turnovers of 2.079 TEUR (prior year: 524 TEUR), LION Smart was able to conclude the fiscal year 2015 with a 1147% rise in operating results to 520.2 TEUR (prior year: 49 TEUR), thus meeting its targeted numbers. Thereby company profits increased to 381.7 TEUR from -4.7 TEUR in the previous year.
Considering the current company development and the market situation, at present LION Smarts management keeps expecting a further doubling of its turnover in 2016.
Furthermore we would like to inform our investors, that todays extraordinary shareholders meeting has been attended by more that 50% of our shares and that all agenda items have been accepted unanimously.