Interim report January-September 2022
A quarter with record orders confirming positioning and a strong volume growth
Alelion increased net sales by 44 percent in the first three quarters of the year compared with 2021. During the period net sales increased to MSEK 15.0 (11.8), which is an increase of 28 percent over the corresponding period in the previous year. The higher net sales stem from our customers that manufacture special vehicles, which see a marked increase in the demand for electrified vehicles from end customers. Noticing the accelerating trend of electrification, our customers have now placed orders for 2023. During the quarter, Alelion received its largest order to date, worth MSEK 130 which was followed by a stronger than expected order projection from yet another customer. Our total order backlog for 2023 now amounts to MSEK 230 which is our highest order backlog to date.
The third quarter 2022 in brief
· Net sales increased to MSEK 15.0 (11.8)
· Order intake increased to MSEK 130.0 (11.8)
· Operating costs for personnel, other external charges and depreciation increased to MSEK -18.6 (-15.2)
· Operating income amounted to MSEK -15.3 (-10.4)
· Net profit or loss amounted to MSEK -17.3 (-10.9)
· Cash flow from operating activities amounted to MSEK -10.8 (-10.1)
Significant events during the quarter
Alelion received a major order for high-voltage battery systems from an existing European customer. The order, which is in EUR and with a total value of MSEK 130, will be delivered during the period Q1 to Q4 in 2023.
Events after the end of the period
Alelion is planning for a higher order intake than expected for 2023. A previously communicated order value of MSEK 53 over four years is now approaching an annual turnover of MSEK 60 as early as 2023. This means that the total order backlog for 2023 amounts to MSEK 230.
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 27-10-2022 08:30 CET.