LION E-Mobility AG Reports Improved Q2 Sales Amid Strategic Adjustments

LION E-Mobility AG has published its latest financial research update from NuWays AG, recommending a “BUY” rating. Despite a weak first half, the company has shown progress, with Q2 sales reaching €4.8 million, compared to €1.2 million in Q1. Total H1 sales are reported at €6.1 million, with an EBITDA of €-4.7 million.

The company revised its FY24 guidance, now forecasting up to €42 million in sales and a slightly negative EBITDA. This adjustment comes after a weaker-than-expected start, attributed mainly to muted storage demand due to battery pack inventory clearances.

LION E-Mobility AG is contemplating divesting its 30% stake in TÜV SÜD Battery Testing, which reported €16.1 million in sales for FY23. The potential sale is expected to generate significant liquidity for the company.

Furthermore, the company’s immersion-cooled battery pack is undergoing promising tests with a German premium OEM, which could drive mid-term sales if successful. Additionally, LION has secured a contract to supply battery modules for Deutsche Post DHL's delivery vans, underscoring the company's product quality.