Leclanché SA / Key phrase(s): Annual Outcomes/Miscellaneous
03-Might-2021 / 06:55 CET/CEST
Launch of an advert hoc announcement pursuant to Artwork. 53 KR
The issuer is solely chargeable for the content material of this announcement.
Leclanché proclaims its unaudited 2020 key figures and confirms its 2021 development goal
– Income development of 46% in 2020
– Monetary loss, reflecting important investments made in ramping up the improvements, engineering, industrial and organizational capability and enterprise development, are secure 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, Might 3, 2021 – In its resolution of April 26, 2021, SIX Change Regulation AG accredited 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 vitality storage options, to publish its 2020 key figures by Might 3, 2021.
The extension was wanted by Leclanché in an effort 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 Basic 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 Change 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 12 months 2020:
Consolidated Complete Earnings for the monetary 12 months 2020 had been CHF 23.9 million, up 46% from CHF 16.3 million in 2019; the EBITDA Loss for the 12 months was CHF (61.0) million in comparison with CHF (58.9) million in 2019. The Internet Loss for the 12 months 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 take a position massively over the past 5 years in R&D, manufacturing tools and engineering, to turn out to be the battery provider of selection of outstanding corporations similar to Bombardier, Kongsberg Maritime and others to be introduced quickly. The Firm estimates that CHF 110 million might be immediately attributed to this funding.
The stability sheet complete 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 gadgets, together with a discount in inventories of CHF 5.5 million and an funding of CHF 5.6 million in new manufacturing property in Willstätt and Yverdon-les-Bains.
As well as, Leclanché SA, the Swiss authorized entity, was in a unfavourable fairness place as of December 31, 2020 in an quantity of CHF 15.5 million. This case has since been remedied by the capital enhance 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 it will likely be capable of publish its full 2020 Annual Report earlier than or on June 9, 2021.
In its resolution of April 26, 2020, SIX Change 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 Change 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 Change Regulation AG reserves the precise to droop buying and selling of the registered shares of the Issuer in case its 2020 annual report is just not printed 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 Change 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 resolution till Monday, Might 3, 2020, 7:30 am CET, on the newest. The discover should comprise:
– the unaltered copy of the wording of para. I. of this resolution, positioned in a outstanding place;
– the explanations for the applying of the Issuer requesting an extension of the deadline to publish its 2020 annual report and to file such report with SIX Change Regulation AG;
– the unaudited key figures similar to web revenues, EBITDA, EBIT, revenue/loss, stability sheet complete, fairness and so forth. for the annual outcomes 2020.”
Headquartered in Switzerland, Leclanché SA is a number one supplier of high-quality vitality storage options designed to speed up our progress in the direction of a clear vitality future. Leclanché’s historical past and heritage is rooted in over 100 years of battery and vitality storage innovation and the Firm is a trusted supplier of vitality 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 selection for each disruptors, established corporations and governments who’re pioneering optimistic adjustments in how vitality is produced, distributed and consumed around the globe. The vitality 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 type 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 vitality storage firm on this planet, organised alongside three enterprise models: stationary storage options, e-Transport options and specialty batteries programs. Leclanché is listed on the Swiss Inventory Change (SIX: LECN).
SIX Swiss Change: ticker image LECN | ISIN CH 011 030 311 9
This press launch accommodates sure forward-looking statements regarding Leclanché’s enterprise, which might be recognized by terminology similar to “strategic”, “proposes”, “to introduce”, “will”, “deliberate”, “anticipated”, “dedication”, “expects”, “set”, “making ready”, “plans”, “estimates”, “goals”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or related expressions, or by expressed or implied discussions relating to the ramp up of Leclanché’s manufacturing capability, potential purposes for present 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 that will trigger precise outcomes to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such statements. There might 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.
Finish of advert hoc announcement