LION E-Mobility AG confirms full year 2024 guidance after weak Q1 with
seasonal effects

EQS-News: LION E-Mobility AG / Key word(s): Quarterly / Interim
Statement/Forecast
LION E-Mobility AG confirms full year 2024 guidance after weak Q1 with
seasonal effects

02.05.2024 / 17:32 CET/CEST
The issuer is solely responsible for the content of this announcement.

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LION E-Mobility AG confirms full year 2024 guidance after weak Q1 with
seasonal effects

Zug (Switzerland), 2 May 2024 - LION E-Mobility AG (LION; ISIN:
CH0560888270), a leading battery pack manufacturer specializing in
e-mobility and energy storage solutions, published preliminary figures of
LION Group for the first quarter of 2024, today, revealing seasonal effect.
While Q1 figures indicate temporary weakness in revenue activity, the
company expresses optimism regarding its long-term growth prospects on the
basis of the order backlog and the sales pipeline.

During Q1 2024, LION generated revenues totaling EUR1.2 million, showcasing a
temporary decline compared to the robust performance of the preceding fiscal
year which included the former reselling business. The EBITDA of -EUR2.6
million in Q1 2024 primarily reflects the seasonal distribution of revenue,
with operational costs resulting in a negative operating cash flow.
Personnel costs remained stable at EUR1.4 million, consistent with the
previous year's average, demonstrating the company's commitment to prudent
financial management.

Dr. Joachim Damasky, CEO of LION: "Despite the temporary weak revenue
observed in Q1 2024, we remain optimistic on full-year 2024 and our
long-term growth prospects. Our strategic initiatives position us for
continued expansion, and we anticipate improved financial performance in the
upcoming quarters based on the strong sales pipeline."

Outlook
Despite the seasonal effects observed in Q1 2024, LION reaffirms its
commitment to sustainable growth and the 2024 guidance. The sales pipeline
is strong, particularly for Q3 and Q4. Order backlog amounts to around EUR13
million. Thus, LION assumes improved sales performance in Q2 2024 and
especially the latter part of the year.

Overall, LION continues to expect sales in 2024 to reach EUR60 million to EUR65
million, representing growth of around 11%. On the basis of the market
opportunities and the sales strategy LION has set ambitious sales targets
for the coming years. The company is aiming for sales to increase
significantly to up to EUR200 million by 2028.

About LION E-Mobility AG
LION E-Mobility AG is a manufacturer of lithium-ion battery packs. The
company offers customized plug-and-play solutions for electric vehicles as
well as for stationary and industrial applications. With a current annual
production capacity of 2 GWh, LION is ideally positioned to address the
growing demand for high-performance energy storage solutions.

The company operates highly automated module assembly lines at its own
production facility in Germany. LION's battery packs offer the highest
standards in terms of safety, quality, and reliability.

Founded in 2011, LION E-Mobility AG (ISIN: CH0560888270, WKN: A2QH 97) is
listed on the stock exchanges in Munich, Frankfurt, and Hamburg.

www.lionemobility.com

LION E-Mobility Investor Relations
Kirchhoff Consult
lion@kirchhoff.de
ir@lionemobility.com | www.lionemobility.com


Disclaimer:
Statements that express or contain forecasts, expectations, views, plans,
goals and assumptions regarding future events or performance are not
considered historical facts and may therefore be forward-looking statements.
Forward-looking statements are based on the expectations, estimates and
plans at the time the statements were made, and therefore involve a number
of risks and uncertainties that could cause actual results or events to
differ materially from those currently anticipated become. LION E-Mobility
AG is under no obligation to update the forward-looking statements in this
press release.


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02.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        LION E-Mobility AG
                   Chamerstrasse 172
                   6300 Zug
                   Switzerland
   Phone:          +41 (0) 41 749 40 75
   E-mail:         info@lionemobility.com
   Internet:       www.lionemobility.com
   ISIN:           CH0560888270
   WKN:            A2QH97
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Munich (m:access), Tradegate
                   Exchange
   EQS News ID:    1894571

End of News EQS News Service
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1894571 02.05.2024 CET/CEST