Interim report January-March 2022
Alelion delivers on record order intake of 2021, increasing net sales by 66 percent
During the first quarter, net sales increased to MSEK 24.2 (14.6), a growth of 66 percent. Order intake reached MSEK 8.5 (22.7), which is mostly attributable to the strong conclusion of 2021 where customers placed orders for a long time ahead. We are seeing customers adopting a different pattern of placing orders, now preferring larger contracts with blanket orders rather than smaller-volume orders in incremental steps. Overall, Alelion received orders for MSEK 184 during 2021. This is on par with the peak order intake in the history of the Company, which was in 2018. The order backlog remaining for future delivery amounts to MSEK 113 for 2022 and MSEK 25 for 2023 and beyond. All orders relate to our three strategically important segments in off-highway vehicles: terminal tractors, Ground Support Equipment, and construction machinery.
The operating income of MSEK -13.0 (-15.1) was burdened by planned greater investment in development and sales. These costs are in line with our strategic focus and align with the efforts promised in connection with the most recent new issue in the autumn of 2021.
Noticing the accelerating trend of electrification, our customers are placing orders with a longer time perspective to ensure supplies. We expect the volume growth to continue to accelerate as the demand for climate-smart solutions increases at global level. Eventually, this will accelerate electrification as a long-term and sustainable alternative to fossil fuels.
The first quarter 2022 in brief
- Net sales increased to MSEK 24.2 (14.6)
- Order intake decreased to MSEK 8.2 (22.7)
- Operating costs for personnel, other external charges and depreciation increased to MSEK -20.9 (-19.1)
- Operating income amounted to MSEK -13.0 (-15.1)
- Net profit or loss amounted to MSEK -13.7 (-15.8)
- Cash flow from operating activities amounted to MSEK -18.6 (-19.7)
Significant events during the quarter
- Alelion secured an additional order worth MSEK 8.2 from an existing customer. The batteries will electrify various airport vehicles and logistics solutions, and deliveries will commence in the second half of 2022.
- Alelion has received an additional development order from Cargotec for HIAB's cranes.
Events after the end of the period
- Alelion is building a state-of-the-art competence centre for advanced battery technology and at the same time recruiting cutting-edge expertise for the facility in Gothenburg.
This disclosure contains information that Alelion Energy Systems AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-04-2022 08:30 CET.
CEO Åsa Nordström +46 702 90 18 58,
email: asa.nordstrom@alelion.com
CFO Christian Bergaust +46 702 93 50 40,
email: christian.bergaust@alelion.com
Chairman of the Board Alf Blomqvist +46 733 14 97 00,
email: alf@blomqvistunlimited.com
About Alelion Energy Systems AB (publ)
Alelion develops and manufactures customized battery systems based on lithium-ion technology. We help customers succeed with their electrification of heavy off highway vehicles in the transition to a more sustainable energy use. Alelion is investing to stay ahead, offering the latest proven technology, adapted to the specific needs of customers and end-customers. The company is headquartered in Gothenburg. Alelion shares are traded through the Nasdaq First North Growth Market (ALELIO).
We have and give the power to change. alelion.com
Alelion’s major owners are Fouriertransform, Blomqvist Listed Sustainability and Pegroco Holding. The company’s share (ALELIO) is traded on Nasdaq First North Growth Market, Stockholm, with G&W Fondkommission as Certified Adviser, e-mail: ca@gwkapital.se, phone: +468-503 000 50.
Alelion Energy Systems AB
Sörredsbacken 4, SE-418 78 Göteborg
info@alelion.comOrg nr: 556710-7916
Direct link to Press releases: https://alelion.com/press-releases/