Brief: Leclanché Reports FY 17 Loss Per Share Of CHF 0.70

Leclanche SA

04/05/2018 24:40

May 3 (Reuters) - Leclanche SA  LECN.S :
    * LECLANCHÉ ANNOUNCES ITS FULL YEAR 2017 FINANCIAL RESULTS;
ON
TRACK TO HIT MILESTONE OF 100 MWH OF ENERGY STORAGE SYSTEMS IN
OPERATION BY 2018 AND BE EBITDA POSITIVE BY 2020; LEADERSHIP
SETS OUT THE COMPANY'S STRATEGY TO CAPITALISE ON HIGH GROWTH
STATIONAR
    * EBITDA LOSS FOR YEAR AMOUNTS TO CHF 31.8 COMPARED TO A
LOSS OF
CHF 28.4 MILLION PREVIOUS YEAR
    * CONFIRMED ORDER BOOK OF OVER 50 MWH IN BATTERY STORAGE
SYSTEMS
IN 2018
    * COMPANY EXPECTS TO BE EBITDA POSITIVE BY 2020
    * REVENUE SHORTFALL IN 2017 WAS DUE TO FUNDING DELAYS IN
GROWTH
CAPITAL WHICH IMPACTED DELIVERY OF A NUMBER OF PROJECTS
    * FY 2017 REVENUE IS CHF 18.0 MILLION VERSUS CHF 28.5
MILLION IN
2016
    * FY 2017  LOSS PER SHARE CHF 0.70

Source text for Eikon:  ID:nPn1DBhjha 
Further company coverage:  LECN.S 

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