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Leclanché SA: Leclanché announces more than 2.5 times increase in 2018 revenues Mittwoch, 06. März 2019 - 07:17
Leclanché SA / Key word(s): Market Report/Expansion
Leclanché SA: Leclanché announces more than 2.5 times increase in 2018
revenues
06-March-2019 / 07:16 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
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Leclanché announces more than 2.5 times increase in 2018 revenues:
a record over the last 22 years
- Revenue in 2018 is expected to be more than CHF 47 million, compared to
CHF 18 million in 2017
- The Company enters 2019 with a solid order book and awarded projects of
more than CHF 60 million
- Appointment of Philip Broad as Executive Vice President of e-Transport
Solutions
- The Company has added more than 90 people in 2018, predominantly to
support the growth in the e-Transport Solutions business
YVERDON LES BAINS, Switzerland, 6 March 2019: Leclanché SA (SIX: LECN), one
of the world's leading energy storage solutions companies, today announced
that the Company has achieved a record level of revenue in 2018. The Company
has also announced that it has appointed Philip (Phil) Broad as Executive
Vice President to spearhead Leclanché's e-Transport Solutions business.
Based at the Company's headquarters in Yverdon, Switzerland, Phil Broad will
report to Anil Srivastava, CEO of Leclanché. He joins the executive
leadership team which is structured around the Company's three business
units, Stationary Solutions, e-Transport Solutions and Specialty Battery
Systems.
Anil Srivastava, CEO of Leclanché said: "After achieving record revenues in
2018, we have entered into 2019 with a solid order book and awarded [1]
projects, in particular in the e-Transport Solutions business and the
e-Marine market where we have achieved significant growth with confirmed
purchase orders of more than CHF 42 million to be delivered in 2019 and
2020. This is a clear market validation of our strategy and confirmation
that selling complete solutions, based on our own advanced in-house cell
technology and energy management systems, coupled with our grid and EV
knowhow, make us unique and the partner of choice for customers.
I wish to thank all our customers for their trust in Leclanché. I thank all
our shareholders for their patient investment, in particular FEFAM [2],
whose large investment enabled us to implement the growth plan announced in
2015.
I am also pleased to announce the appointment of Phil Broad as Executive
Vice President of the e-Transport Solutions business. Since joining
Leclanché in August last year, Phil has made significant strides in growing
the business and I am delighted that he will now be leading our fast-growing
e-Transport Solutions business unit, effective from March 2019. I am
confident that Phil will help us to build on our success to date and
consolidate our position as "the Supplier of Choice" for energy storage
solutions for transport companies focused on marine and land transport,
including rail and buses, and commercial vehicles.
In order to build on our success in the e-Transport market, the Company
added more than 90 people in 2018 who will predominantly support the growth
of our e-Transport Solutions business. In addition, we have committed CHF 10
million to increase our production capacity and meet growing customer
demand."
Leclanché's e-Transport Solutions power the electrification of transport and
deliver integrated battery solutions, from cell to battery management
system, for marine, rail and commercial vehicles, capable of interfacing
intelligently with their respective charging infrastructures.
Leclanché is currently working on the world's largest fully electric ferry
in Denmark, a landmark project backed by the EU, and the Company recently
signed a partnership with KONGSBERG, the leading global maritime systems
integration company, to deliver electric and hybrid power solutions. These
solutions are set to deliver game-changing efficiencies and reduce the
environmental impact of marine transportation with cutting-edge autonomous
and crewed vessel new-builds.
In addition to the breakthroughs in the e-Transport Solutions business,
Leclanché has seen significant growth in demand for its Stationary
Solutions, which accelerate the integration of renewables into the grid and
include grid to EV storage solutions.
Leclanché recently achieved the important milestone of exceeding 100 MWh of
stationary storage projects in operation. Its energy storage solutions have
helped to clean up the island of Graciosa's energy supply by integrating
over 70 % renewable energy into the island's grid. This project demonstrates
that it is possible to reduce our dependence on dirty fuels, in this case
diesel, and substantially increase the integration of renewables into the
electricity supply today.
Phil Broad - Biography
On 1 March 2019, Phil Broad was appointed Executive Vice President of
e-Transport. He joined Leclanché in August 2018 as Vice President of
Commercial Vehicle leading Application Engineering, Programme Management &
Sales. He has over 20 years of experience in the commercial vehicle business
in both the on and off highway industry. Phil has a proven track record of
winning large global profitable contracts in the commercial vehicle market.
He has successfully worked with global brands such as Caterpillar / Perkins,
Volvo, Scania, MAN and JCB. He has lived and worked in Europe for the last
15 years for Honeywell Turbo Technologies Sarl in Switzerland, where he held
various positions in Programme Management, Sales Management and Business
Leadership positions in the turbocharger industry. Phil holds a B. Eng
(Hons) in Systems Engineering from the University of Huddersfield in the UK.
* * * * *
About Leclanché
Headquartered in Switzerland, Leclanché SA is a leading provider of high
quality energy storage solutions designed to accelerate our progress towards
a clean energy future. Leclanché's history and heritage is rooted in over
100 years of battery and energy storage innovation and the Company is a
trusted provider of energy storage solutions globally. This coupled with the
Company's culture of German engineering and Swiss precision and quality,
continues to make Leclanché the partner of choice for both disruptors,
established companies and governments who are pioneering positive changes in
how energy is produced, distributed and consumed around the world. The
energy transition is being driven primarily by changes in the management of
our electricity networks and the electrification of transport, and these two
end markets form the backbone of our strategy and business model. Leclanché
is at the heart of the convergence of the electrification of transport and
the changes in the distribution network. Leclanché is the only listed pure
play energy storage company in the world, organised along three business
units: Stationary Solutions, e-Transport Solutions and Specialty Batteries
Systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).
SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9
Disclaimer
This press release contains certain forward-looking statements relating to
Leclanché's business, which can be identified by terminology such as
"strategic", "proposes", "to introduce", "will", "planned", "expected",
"commitment", "expects", "set", "preparing", "plans", "estimates", "aims",
"would", "potential", "awaiting", "estimated", "proposal", or similar
expressions, or by expressed or implied discussions regarding the ramp up of
Leclanché's production capacity, potential applications for existing
products, or regarding potential future revenues from any such products, or
potential future sales or earnings of Leclanché or any of its business
units. Page 4/4 You should not place undue reliance on these statements.
Such forward-looking statements reflect the current views of Leclanché
regarding future events, and involve known and unknown risks, uncertainties
and other factors that may cause actual results to be materially different
from any future results, performance or achievements expressed or implied by
such statements. There can be no guarantee that Leclanché's products will
achieve any particular revenue levels. Nor can there be any guarantee that
Leclanché, or any of the business units, will achieve any particular
financial results.
* * * * *
Contacts Media contacts Thomas Balmer T: +41 (0) 79 703
87 28 E-mail:
[1]tba@dynamicsgroup.ch 1.
mailto:tba@dynamicsgroup.ch
Europe/Global: US and Canada:
Desiree Maghoo T: +44 (0) 7775 522 Rick Anderson T: +1-718-986-1596
740 E-mail:
[1]dmaghoo@questorconsulting.com
1.
mailto:dmaghoo@questorconsulting.c
om
Laure Lagrange T: +44 (0) 7768 698 Henry Feintuch T: +1-212-808-4901
731 E-mail: E-mail:
[1]llagrange@questorconsulting.com [1]leclanche@feintuchpr.com 1.
1. mailto:leclanche@feintuchpr.com
mailto:llagrange@questorconsulting
.com
Switzerland: Investor Contacts:
Thierry Meyer T: +41 (0) 79 785 35 Anil Srivastava / Hubert Angleys
81 E-mail: [1]tme@dynamicsgroup.ch T: +41 (0) 24 424 65 00 E-mail:
1. mailto:tme@dynamicsgroup.ch [1]invest.leclanche@leclanche.com
1.
mailto:invest.leclanche@leclanche
.com
[1] Awarded projects means that Leclanché is selected as a supplier. But the
purchase order confirmation is subject to certain conditions such as:
completion of project finance in the Stationary Storage business unit or
successful completion of the pilot testing & certification by the customer
in the e-Transport business unit.
[2] FEFAM means: AM INVESTMENT SCA, SICAV-SIF - Liquid Assets Sub-Fund,
together with FINEXIS EQUITY FUND - Renewable Energy Sub-Fund, FINEXIS
EQUITY FUND - Multi Asset Strategy Sub-Fund, FINEXIS EQUITY FUND - E Money
Strategies Sub-Fund (also called Energy Storage Invest) and, all these funds
being in aggregate the main shareholder of Leclanché, hereunder referred to
as "FEFAM".
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End of ad hoc announcement
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