Preliminary annual results: Quadrupled turnover at LION Smart GmbH
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 an operating result of 461 TEUR (prior year: 49 TEUR), thus meeting its targeted numbers. Thereby company profits increased to 457.3 TEUR from -4.7 TEUR in the previous year. The operating profit rose by 838% from 49.1 TEUR to 461.5 TEUR.
Considering the current company development and the market situation, at present LION Smarts management expects a further doubling of its turnover in 2016.