Other financial liabilities            792     884 
Trade payables                      16,050  10,440 
Other non-financial liabilities     12,081   2,332 
Provisions                           1,449     497 
Total current liabilities           36,919  17,853 
TOTAL EQUITY AND LIABILITIES       164,182 149,894 
CONSOLIDATED INCOME STATEMENT                                                   2020      2019 
for the period from Jan. 1 to Dec. 31                                           KEUR      KEUR 
                                                                           unaudited 
Revenue                                                                       68,332    47,648 
Increase or decrease in unfinished and finished goods and work in progress       310     2,616 
Own work capitalized                                                           5,323     3,475 
Other operating income                                                           571       280 
Cost of materials                                                            -53,731   -36,871 
Personnel expenses                                                           -19,069   -13,544 
Other operating expenses                                                     -10,044    -6,756 
Earnings before interest, taxes, depreciation and amortization (EBITDA)       -8,307    -3,152 
Adjusted EBITDA^1)                                                            -1,456      -291 
Depreciation and amortization                                                 -3,811    -2,137 
Operating result (EBIT)                                                      -12,119    -5,289 
Adjusted EBIT ^1)                                                             -5,268    -2,428 
Financial income                                                                 180       253 
Financial expenses                                                              -549      -266 
Financial result                                                                -369       -13 
Earnings before taxes (EBT)                                                  -12,488    -5,302 
Taxes on income                                                                    0    -1,131 
Result for the period                                                        -12,488    -6,433 
Other comprehensive income                                                       221        -1 
Net result for the period                                                    -12,267    -6,434 
Earnings per share (diluted / undiluted)                                       -2.02     -1.06 
Average number of shares outstanding                                       6,061,856 6,061,856

(1) The consolidated financial statements of the AKASOL Group are prepared in accordance with the applicable accounting standards and audited by independent audit firms. The audit for the 2020 financial statements has not yet been completed. In addition to the mandatory disclosures, AKASOL identifies and publishes further key figures that are not subject to these regulations. This allows for comparisons of performance or operating profitability over time and facilitates management of the Company. For purposes of internal management, and to provide an important indicator of the operating profitability of its business activities, AKASOL uses earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) adjusted for non-operating influences, together with earnings before interest and taxes (adjusted EBIT) adjusted for non-operating influences.

Non-operating effects on earnings comprise individual circumstances that lead to material effects. In terms of the financial year completed, these are particularly, first of all, steps taken in support of growth relative to the establishment of structures in the short term and improvement of processes within the Group. This item also considers special charges in connection with adjustments in stock and material masters processed in connection with the relocation to the new headquarters and the SAP system conversion. 


CONSOLIDATED CASH FLOW STATEMENT                        2020    2019 
for the period from Jan. 1 to Dec. 31                   KEUR    KEUR 
                                                   unaudited 
Operating result (EBIT)                              -12,119  -5,289 
Cash flow from operating activities                    9,584 -25,599 
Cash flow from investment activities                 -29,218    -812 
Cash flow from financing activities                    7,940  29,336 
Changes in financial resources affecting payments    -11,684   2,925 
Cash at end of period                                 13,177  24,861

Contact: cometis AG Georg Grießmann T.: +49 (0) 611 20 58 55 61 Email: griessmann@cometis.de About AKASOL

AKASOL is a leading German developer and manufacturer of high-energy and high-performance lithium-ion battery systems for use in buses, commercial vehicles, rail vehicles and industrial vehicles, as well as in ships and boats. With 30 years of experience, AKASOL is a pioneer in the development and manufacture of lithium-ion battery systems for commercial applications. Shares of AKASOL AG stock have been traded on the Prime Standard segment of the Frankfurt Stock Exchange since June 29, 2018. 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 Group, or on the part of the branch of industry in which it 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. The Group will not update or review any forward-looking statements published herein in light of new information, future events or for any other reason.

The consolidated financial statements of the AKASOL Group are prepared in accordance with the applicable accounting standards and audited by independent audit firms. The audit for the 2020 financial statements has not yet been completed. In addition to the mandatory disclosures, AKASOL identifies and publishes further key figures that are not subject to these regulations. This allows for comparisons of performance or operating profitability over time and facilitates management of the Company. -----------------------------------------------------------------------------------------------------------------------

2021-04-30 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 
              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:  1190911 
 
End of News   DGAP News Service 
=------------

1190911 2021-04-30


 
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April 30, 2021 01:31 ET (05:31 GMT)