Lion E-mobility: Q1 burdened by temporary effects, operating CF strong - NuWays AG Research
LION published Q1 prelims, which were marked by a weak on top-line and bottom-line as the company in in the midst of transitioning its battery pack production to the next generation.
ANNONS
FY26 guidance of € 35m confirmed. From current developments the company expects a significant portion of its FY26 revenues to be recognized in H2 26. We regard this as reasonable assuming the ramp up proceeds as planned.
Maintaining BUY with a PT of € 3.20, based on DCF.
