EQS Group-Advert-hoc: Leclanché SA / Key phrase(s): Annual Outcomes/Miscellaneous
Leclanché broadcasts its unaudited 2020 key figures and confirms its 2021 progress goal
03-Could-2021 / 06:55 CET/CEST
Launch of an advert hoc announcement pursuant to Artwork. 53 KR
The issuer is solely liable for the content material of this announcement.
Leclanché broadcasts its unaudited 2020 key figures and confirms its 2021 progress goal
– Income progress of 46% in 2020
– Monetary loss, reflecting vital investments made in ramping up the improvements, engineering, industrial and organizational capability and enterprise progress, are steady with rising income
– Over indebtedness scenario in December 2020 remedied in March 2021
– 2021 income is predicted to just about double year-on-year
YVERDON-LES-BAINS, Switzerland, Could 3, 2021 – In its determination of April 26, 2021, SIX Alternate Regulation AG authorized an extension of the publication deadline of Leclanché’s 2020 annual report till June 9, 2021 and requested Leclanché (SIX: LECN), one of many world’s main suppliers of power storage options, to publish its 2020 key figures by Could 3, 2021.
The extension was wanted by Leclanché with a view to finalize a number of stability sheet restructuring measures to treatment the breach of CO 725.2 which Leclanché SA will discover itself in previous to its Annual Common Assembly of shareholders. Consequently, the Firm’s Board of Administrators was unable to approve the 2020 Annual Report earlier than April 30, 2021, therefore the request made to SIX Alternate Regulation to approve an extension of the deadline for the publication of Leclanché’s 2020 Annual Report.
Regardless of this example, Leclanché is releasing its unaudited key figures for the yr 2020:
Consolidated Whole Earnings for the monetary yr 2020 had been CHF 23.9 million, up 46% from CHF 16.3 million in 2019; the EBITDA Loss for the yr was CHF (61.0) million in comparison with CHF (58.9) million in 2019. The Web Loss for the yr was CHF (78.2) million in comparison with CHF (83.4) million in 2019.
The rise in revenues in 2020 stems from the e-Transport Enterprise Unit which delivered batteries for six vessels to Kongsberg Maritime whereas the Stationary Storage Options and Specialty Battery Enterprise Models had been barely behind vs. 2019. This unprecedented turnover of the e-Transport Enterprise Unit validates Leclanché’s technique to speculate massively during the last 5 years in R&D, manufacturing tools and engineering, to turn into the battery provider of alternative of outstanding firms equivalent to Bombardier, Kongsberg Maritime and others to be introduced quickly. The Firm estimates that CHF 110 million will be straight attributed to this funding.
The stability sheet whole amounted to CHF 73.2 million in comparison with CHF 73.1 million in 2019. This stability doesn’t essentially replicate the optimistic growth of sure objects, together with a discount in inventories of CHF 5.5 million and an funding of CHF 5.6 million in new manufacturing belongings in Willstätt and Yverdon-les-Bains.
As well as, Leclanché SA, the Swiss authorized entity, was in a adverse fairness place as of December 31, 2020 in an quantity of CHF 15.5 million. This example has since been remedied by the capital improve of CHF 33.8 million processed on the finish of March 2021.
Regardless of the COVID-19 scenario, which slowed down work on Leclanché’s audit as a result of workers concerned within the preparation of the monetary statements needed to earn a living from home (which made it tough to entry sure data), the Firm is working onerous to shut the remaining open factors with its auditors and Board of Administrators and stays assured that will probably be in a position to publish its full 2020 Annual Report earlier than or on June 9, 2021.
In its determination of April 26, 2020, SIX Alternate Regulation AG requested Leclanché to insert the beneath excerpt on this press launch:
“The exemption utility of Leclanché SA (Issuer) dated April 20, 2021 requesting an extension of the deadline to publish its 2020 annual report and to file such report with SIX Alternate Regulation AG till June 9, 2021 on the newest, is granted with the next reservation (lit. a) and beneath the next circumstances (lit. b):
a. SIX Alternate Regulation AG reserves the suitable to droop buying and selling of the registered shares of the Issuer in case its 2020 annual report is just not revealed in accordance with the provisions on advert hoc publicity (Artwork. 53 of the Itemizing Guidelines [LR] in reference to the Directive on Advert hoc Publicity [DAH]) and never filed with SIX Alternate Regulation AG till Wednesday, June 9, 2021, 11:59 pm CET, on the newest.
b. Leclanché SA is required to publish a discover in accordance with the provisions on advert hoc publicity (artwork. 53 LR in reference to the DAH) regarding this determination till Monday, Could 3, 2020, 7:30 am CET, on the newest. The discover should include:
– the unaltered copy of the wording of para. I. of this determination, positioned in a outstanding place;
– the explanations for the appliance of the Issuer requesting an extension of the deadline to publish its 2020 annual report and to file such report with SIX Alternate Regulation AG;
– the unaudited key figures equivalent to web revenues, EBITDA, EBIT, revenue/loss, stability sheet whole, fairness and many others. for the annual outcomes 2020.”
For extra data, write to [email protected] or go to www.leclanche.com.
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About Leclanché
Headquartered in Switzerland, Leclanché SA is a number one supplier of high-quality power storage options designed to speed up our progress in the direction of a clear power future. Leclanché’s historical past and heritage is rooted in over 100 years of battery and power storage innovation and the Firm is a trusted supplier of power storage options globally. This coupled with the Firm’s tradition of German engineering and Swiss precision and high quality, continues to make Leclanché the associate of alternative for each disruptors, established firms and governments who’re pioneering optimistic adjustments in how power is produced, distributed and consumed world wide. The power transition is being pushed primarily by adjustments within the administration of our electrical energy networks and the electrification of transport, and these two finish markets kind the spine of our technique and enterprise mannequin. Leclanché is on the coronary heart of the convergence of the electrification of transport and the adjustments within the distribution community. Leclanché is the one listed pure play power storage firm on the earth, organised alongside three enterprise models: stationary storage options, e-Transport options and specialty batteries methods. Leclanché is listed on the Swiss Inventory Alternate (SIX: LECN).
SIX Swiss Alternate: ticker image LECN | ISIN CH 011 030 311 9
Disclaimer
This press launch comprises sure forward-looking statements referring to Leclanché’s enterprise, which will be recognized by terminology equivalent to “strategic”, “proposes”, “to introduce”, “will”, “deliberate”, “anticipated”, “dedication”, “expects”, “set”, “getting ready”, “plans”, “estimates”, “goals”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or comparable expressions, or by expressed or implied discussions relating to the ramp up of Leclanché’s manufacturing capability, potential purposes for current merchandise, or relating to potential future revenues from any such merchandise, or potential future gross sales or earnings of Leclanché or any of its enterprise models. You shouldn’t place undue reliance on these statements. Such forward-looking statements replicate the present views of Leclanché relating to future occasions, and contain recognized and unknown dangers, uncertainties and different elements which will trigger precise outcomes to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such statements. There will be no assure that Leclanché’s merchandise will obtain any explicit income ranges. Nor can there be any assure that Leclanché, or any of the enterprise models, will obtain any explicit monetary outcomes.
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