Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Akasol AG
  6. News
  7. Summary
    ASL   DE000A2JNWZ9

AKASOL AG

(ASL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

AKASOL AG: Adjustment of the forecast for the financial year 2021

11/29/2021 | 11:37am EST

DGAP-Ad-hoc: AKASOL AG / Key word(s): Forecast/Change in Forecast
AKASOL AG: Adjustment of the forecast for the financial year 2021

29-Nov-2021 / 17:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

AKASOL AG: Adjustment of the forecast for the financial year 2021

Darmstadt, Germany, November 29, 2021 - The Management Board of AKASOL AG ("AKASOL"; ISIN DE000A2JNWZ9) today adjusted its guidance for fiscal year 2021 based on preliminary results for the first ten months of 2021 and on the call-off forecasts most recently submitted by AKASOL's customers.

Based on preliminary results, AKASOL achieved revenue growth of 64.1% to EUR 78.1 million in the first ten months of 2021 (10M 2020: EUR 47.6 million). Adjusted for expenses in connection with the acquisition by BorgWarner and one-off effects, Group EBIT for the first ten months of 2021 was EUR -12.7 million (10M 2020: EUR -8.4 million).

Despite significantly reduced call-off expectations of a major customer for the remainder of the year 2021, as of today AKASOL's Management Board continues to expect revenue growth of up to 50% for the full year 2021.

Due to the reduced call-offs and the insufficient availability of especially electronic components, EBIT from operations for fiscal year 2021 is expected to be below the EBIT of EUR -12.1 million achieved in 2020, because the necessary organisational precautions as well as the production capacity for a higher sales volume in the remaining year 2021 have already been established.

The original forecast for 2021 was that if the expected sales growth was achieved, EBIT would also be significantly improved compared to 2020 - not considering expenses in connection with the acquisition by BorgWarner.

< End of ad hoc announcement >

 



Contact:

cometis AG

Georg Grießmann

T.: +49 (0) 611 205855 - 61

Email: griessmann@cometis.de


Disclaimer:

Statements contained herein could be deemed to constitute what are referred to as "forward-looking statements." Forward-looking statements are identifiable by the use of words such as "could," "will," "should," "plans," "expects," "anticipates," "estimates," "believes," "intends," "envisages," "aims" or the negative form of these terms, or corresponding modifications and comparable terms.

Based on current expectations, forward-looking statements involve a number of known and unknown risks, uncertainties and other factors as a consequence of which actual results, degrees of capacity utilization, developments and successes achieved by the AKASOL, or on the part of the branch of industry in which AKASOL operates, might turn out to be materially different from the results contained or implied herein. The faith placed in forward-looking statements should not be unreasonably high. AKASOL will not update or review any forward-looking statements published herein in light of new information, future events or for any other reason.

 


29-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: AKASOL AG
Kleyerstraße 20
64295 Darmstadt
Germany
Phone: +49 6151/800 500
E-mail: info@akasol.com
Internet: www.akasol.com
ISIN: DE000A2JNWZ9
WKN: A2JNWZ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1252660

 
End of Announcement DGAP News Service

1252660  29-Nov-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1252660&application_name=news&site_id=zonebourse_sftp

© EQS 2021
All news about AKASOL AG
2021New ultra-high energy battery system AKASystem AKM CYC from AKASOL significantly increa..
EQ
2021AKASOL AG :  Adjustment of the forecast for the financial year 2021
EQ
2021Akasol Ag Provides Earnings Guidance for the Financial Year 2021
CI
2021AKASOL AG : Revenues increase by 67% to EUR 67.9 million for first nine months of 2021
EQ
2021AKASOL AG : Jörg Reinhardt named new Chief Financial Officer of AKASOL AG
EQ
2021Akasol Ag Announces Chief Financial Officer Changes
CI
2021AKASOL AG Announces Board Changes
CI
2021BORGWARNER : Shares Congratulatory Message on AKASOL'S Grand Opening of their Gigafactory
AQ
2021Akasol Ag Reports Earnings Results for the Second Quarter Ended June 30, 2021
CI
2021AKASOL OPENS GIGAFACTORY 1 : Europe's largest factory for commercial-vehicle battery syste..
EQ
More news
Financials
Sales 2021 110 M 122 M 122 M
Net income 2021 -1,34 M -1,49 M -1,49 M
Net Debt 2021 - - -
P/E ratio 2021 -92,5x
Yield 2021 -
Capitalization 735 M 820 M 819 M
Capi. / Sales 2021 6,69x
Capi. / Sales 2022 3,92x
Nbr of Employees 337
Free-Float -
Chart AKASOL AG
Duration : Period :
Akasol AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AKASOL AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 121,20 €
Average target price 125,00 €
Spread / Average Target 3,14%
EPS Revisions
Managers and Directors
Sven Schulz Chief Executive Officer
Jorg Reinhardt Chief Financial Officer
Christoph Reimnitz Chairman-Supervisory Board
Marie-Luise Wolff-Hertwig Vice Chairman-Supervisory Board
Christian Brenneke Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
AKASOL AG-0.49%818
KEYENCE CORPORATION-22.03%118 408
SCHNEIDER ELECTRIC SE-12.23%93 595
EATON CORPORATION PLC-8.44%61 950
EMERSON ELECTRIC CO.-2.52%53 916
NIDEC CORPORATION-29.14%48 487