ELARIS AG
ISIN: DE000A37FT17
WKN: A37FT1
17 September 2024 09:14AM

EQS-News: ELARIS AG posts its first positive operating result in the first half of 2024 and grows dynamically

ELARIS AG · ISIN: DE000A37FT17 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1989387

EQS-News: ELARIS AG / Key word(s): Half Year Results
ELARIS AG posts its first positive operating result in the first half of 2024 and grows dynamically

17.09.2024 / 09:14 CET/CEST
The issuer is solely responsible for the content of this announcement.


 ELARIS AG posts its first positive operating result in the first half of 2024 and grows dynamically

  • Sales revenues of EUR 15.1 million during the first half of the year already around 56 percent higher than during the full year 2023
  • EBITDA turns around to EUR +0.4 million (FY 2023: EUR -2.3 million)
  • EBIT improves to EUR +0.3 million (FY 2023: EUR -2.5 million)
  • Strong year-end business and significant further growth expected for the full year

Bad Dürkheim, 17 September 2024 – ELARIS AG (“ELARIS”, ISIN DE000A37FT17) has continued its very dynamic growth course and already significantly exceeded the sales revenues of the entire prior year during the first half of 2024. At the same time, ELARIS was operationally in the black for the first time in its still young company history. At EUR 15.1 million, sales revenues in the first half of the year were around 56 percent higher than the EUR 9.7 million reported for the full year 2023. This development was driven by a significant increase in vehicle sales, primarily in other European countries. Due to disproportionately low increases in expenses, economies of scale through the ELARIS platform and the sharp rise in sales revenues, a positive EBITDA of EUR 0.4 million was achieved during the first half of 2024, compared to EUR -2.3 million during the full year 2023. ELARIS also achieved a positive EBIT of EUR 0.3 million for the first time in the first half of the year (FY 2023: EUR -2.5 million). The equity ratio as at 30 June 2024 improved significantly to 35 percent after 15 percent at the end of 2023.

Despite the current challenging environment for electric vehicles, ELARIS expects the dynamic development to continue for the year as a whole and anticipates a further significant increase in sales revenues. Based on the current situation, the year-end business in the fourth quarter in particular will be characterised by a significant sales momentum. In recent months, ELARIS also reached further strategic milestones in the internationalisation of its business, the continued development of its own software platform and the optimisation of business processes. With a solid equity ratio and a high-growth business model, ELARIS believes it is ideally positioned for a successful future as an enabler of needs-based and affordable electromobility.    

Lars Stevenson, CEO and Founder of ELARIS: “The first half of the year was characterised by major operational decisions and the expansion of our business. I am proud that we have already been able to dynamically increase our sales revenues in the process. Nevertheless, I am not yet satisfied with what we have achieved, as we have set ourselves ambitious goals. It is becoming apparent that we will see a further dynamization of our sales revenues in the year-end business. I am accordingly optimistic for the year as a whole and beyond. The fact that we were able to demonstrate the profit potential of our business model during the first half of the year is at least as important as the strong increase in sales revenues. As a result, we were able to report an operating profit for the first time."

The 2024 half-year interim report will be available for download at https://www.elaris.eu/investor-info from September 18.

Press Contact and Investor Relations

edicto GmbH
Axel Mühlhaus / Svenja Liebig
+49 69 90550 556
elaris@edicto.de

 



17.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: ELARIS AG
Robert-Bunsen-Straße 1
67098 Bad Dürkheim
Germany
E-mail: info@elaris.info
Internet: www.elaris.info
ISIN: DE000A37FT17, DE000A2QDEZ3
WKN: A37FT1, A2QDEZ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access)
EQS News ID: 1989387

 
End of News EQS News Service

1989387  17.09.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,00 0,00 0,00 0,89 3,04 6,68 35,00
EBITDA1,2 0,00 0,00 0,00 -1,14 -3,14 -2,28 0,00
EBITDA-Margin3 0,00 0,00 0,00 -128,09 -103,29 -34,13 0,00
EBIT1,4 0,00 0,00 0,00 -1,39 -3,35 -2,49 0,00
EBIT-Margin5 0,00 0,00 0,00 -156,18 -110,20 -37,28 0,00
Net Profit (Loss)1 0,00 0,00 0,00 -1,51 -3,48 -3,07 0,00
Net-Margin6 0,00 0,00 0,00 -169,66 -114,47 -45,96 0,00
Cashflow1,7 0,00 0,00 0,00 -1,27 -3,59 -2,86 0,00
Earnings per share8 0,00 0,00 0,00 -0,12 -0,29 -0,25 -0,60
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Heinz-Christian Knoll

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
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Elaris
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A37FT1 DE000A37FT17 AG 33,15 Mio € 14.03.2024 8FXCF6G6+7P
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-9,79 0,00 0,00 -9,04 8,70 -11,60 3,42
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
23.08.2024 17.09.2024 12.07.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-17,96%
2,74 €
ATH 110,00 €
-67,46% +0,00% +0,00% +0,00% -93,25%

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