LION E-Mobility AG Maintains 2024 Financial Outlook Despite Weaker First Quarter

LION E-Mobility AG, the Swiss-based leader in battery pack manufacturing for e-mobility and energy storage, reported a lower revenue of €1.2 million in the first quarter of 2024, attributing the decline to seasonal fluctuations. Despite this, the company confirmed its revenue expectations for the full year 2024, projecting robust growth in the coming quarters.

According to Dr. Joachim Damasky, CEO of LION, the temporary decline in Q1 revenues is offset by a strong sales pipeline and a significant order backlog valued at approximately €13 million. The company anticipates enhanced performance continuing into the latter half of the year, particularly in Q3 and Q4, underpinning its more optimistic full-year revenue projection of between €60 million and €65 million, an approximate 11% growth from the previous year.

LION has strategically positioned itself for sustainability and growth, aiming to escalate sales significantly to around €200 million by the year 2028. These targets are supported by a mix of market opportunities and a refined sales strategy. The company’s consistent personnel costs, maintained at €1.4 million during Q1, display a commitment to prudent financial management despite the seasonal revenue impacts.