October 25, 2022

Alelion is planning for a higher order intake than expected for 2023

Current forecasts from Alelion's European customers confirm the contribution to a tremendous growth. A previously communicated order value of SEK 53 million over four years is now approaching an annual turnover of SEK 60 million as early as 2023.

In previous communication, on June 8, 2021, Alelion communicated the company’s largest order to date of SEK 53 million with deliveries planned over four years. A customized battery system has been developed for the customer’s vehicle, which is used primarily in ports in a global market. Today, order placement has transitioned from individual orders to a running forecast over a longer period of time. This as Alelion, as one of the customer’s fixed suppliers, is included in the customer’s Supply Chain Management system. Transition to order from forecast takes place at agreed, fixed times.

Alelion does not usually communicate forecasts to the market due to the uncertainty inherent, but in this case the forecast indicates that volumes of electric vehicles are increasing faster than expected. Deliveries are planned to increase from today’s levels gradually over the quarters in the coming year.

“The forecast from our major customers matches well with the potential we see in the market for off-highway vehicles,” says Åsa Nordström, CEO at Alelion. “We continue to plan for increased volumes and strengthen our position within a segment that is now taking electrification seriously.”

For further information, please contact:
Åsa Nordström, CEO, Alelion Energy Systems AB
+46 (0)70 290 18 58

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 25-10-2022 08:30 CET.

Links

https://news.cision.com/alelion-energy-systems-ab/r/alelion-is-planning-for-a-higher-order-intake-than-expected-for-2023,c3654070

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