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MarketScreener Homepage  >  Equities  >  Xetra  >  Akasol AG    ASL   DE000A2JNWZ9

AKASOL AG

(ASL)
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AKASOL AG: Carsten Bovenschen becomes Chief Financial Officer; Dr. Curt Philipp Lorber resigns from the management board

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01/10/2019 | 03:05pm EDT

DGAP-News: AKASOL AG / Key word(s): Change of Personnel
AKASOL AG: Carsten Bovenschen becomes Chief Financial Officer; Dr. Curt Philipp Lorber resigns from the management board

10.01.2019 / 21:00
The issuer is solely responsible for the content of this announcement.


AKASOL AG: Carsten Bovenschen becomes Chief Financial Officer; Dr. Curt Philipp Lorber resigns from the management board

Darmstadt, January 10, 2019 - The Supervisory Board of AKASOL AG ("AKASOL"; the "Company"; ISIN DE000A2JNWZ9) today has appointed Carsten Bovenschen as a member of the management board of the company, for a period of three years as of January 15, 2019, and has appointed him as Chief Financial Officer (CFO). He will be responsible for Finance, Investor Relations, Human Resources, Legal and Organization.

Carsten Bovenschen (54) holds a degree in business administration from the Rheinisch-Westfälische Technische Hochschule Aachen. Most recently, he spent more than five years as Managing Director of Finance at SOLARWATT GmbH, a leading German producer of photovoltaic systems and supplier of stationary battery systems. Previously, Mr. Bovenschen was CFO of Roth & Rau AG, where he oversaw a move from the Entry Standard to the Prime Standard and the TecDAX.

The former CFO of AKASOL AG and Management Board member Dr. Curt Philipp Lorber has decided to pursue a career change for personal reasons and has today agreed the termination of his employment contract with the Company's Supervisory Board on amicable terms, resigning his office as a member of the management board and leaving management board with immediate effect.

Dr. Christoph Reimnitz, Chairman of the Supervisory Board of AKASOL AG: "On behalf of the Supervisory Board, I would like to thank Dr. Lorber for his commitment and wish him all the best for his future professional and personal life. We are delighted to welcome Carsten Bovenschen to the Board of AKASOL AG with his capital market experience and extensive knowledge in the field of renewable energies and energy storage technologies, critical areas for our industry."

Carsten Bovenschen: "As a producer of high-performance battery systems for buses, commercial vehicles and other applications, AKASOL has excellent growth potential. German public transport's switch to electromobility is a clearly discernible trend. Recent years have seen public transport companies repeatedly communicating concrete plans to procure electric buses. I am looking forward to actively shaping the growth course of AKASOL AG as Chief Financial Officer."



Contact

AKASOL AG
Isabel Heinen
Phone: +49 (0) 6103 48567-26
e-mail: isabel.heinen@akasol.com


About AKASOL

AKASOL is a leading German manufacturer of high-performance lithium-ion battery systems for buses, commercial vehicles, rail vehicles, industrial vehicles, marine and stationary applications. Building on nearly 30 years of experience, AKASOL is a pioneer in developing, testing and manufacturing certified battery systems for the commercial transport sector. AKASOL AG's shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange since June 29, 2018.

Based in Germany, AKASOL operates a facility in Langen with an annual capacity of up to 300 MWh which is planned to be expanded to 600 MWh by 2020. To AKASOL's knowledge, this is Europe's largest production plant for commercial vehicle lithium-ion battery systems, currently capable of producing high-performance battery systems for up to 1,500 fully electric buses or up to 6,000 commercial vehicles per year, depending on battery size. AKASOL's systems are manufactured to the industry standards demanded by leading OEM clients. Current clients include Daimler, a Scandinavian bus and truck manufacturer, Alstom, Bombardier, Rolls-Royce Power Systems (MTU Friedrichshafen) and Medatech. AKASOL boasts a technology-independent product portfolio. This allows the Company to choose the best battery cells and battery chemistry according to the clients' individual needs.

 



10.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: AKASOL AG
Landwehrstrasse 55
64293 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, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

765233  10.01.2019 

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© EQS 2019

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Financials
Sales 2020 72,6 M 86,1 M 86,1 M
Net income 2020 -3,39 M -4,02 M -4,02 M
Net Debt 2020 3,27 M 3,88 M 3,88 M
P/E ratio 2020 -95,6x
Yield 2020 -
Capitalization 284 M 336 M 336 M
EV / Sales 2020 3,95x
EV / Sales 2021 1,95x
Nbr of Employees 256
Free-Float 42,1%
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 51,40 €
Last Close Price 46,80 €
Spread / Highest target 49,6%
Spread / Average Target 9,83%
Spread / Lowest Target -35,9%
EPS Revisions
Managers
NameTitle
Sven Schulz Chief Executive Officer
Christoph Reimnitz Chairman-Supervisory Board
Carsten Bovenschen Chief Financial Officer
Marie-Luise Wolff-Hertwig Vice Chairman-Supervisory Board
Christian Brenneke Member-Supervisory Board
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