Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  5. Fox e-mobility AG
  6. News
  7. Summary
    CT4   DE000A2NB551


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Fox e mobility : publishes annual report for 2020 business year

06/30/2021 | 01:47am EST

DGAP-News: fox e-mobility AG / Key word(s): Annual Results/Annual Report
fox e-mobility AG publishes annual report for 2020 business year

30.06.2021 / 07:45
The issuer is solely responsible for the content of this announcement.

fox e-mobility AG publishes annual report for 2020 business year

Munich, June 30, 2021. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company that specializes exclusively in the production, marketing, and development of compact electric cars in the lower price segment for individual passenger transport and logistical applications, announces its final and audited annual figures for the financial year 2020 (ended December 31).

The financial year covers the period from January 1, 2020 to December 31, 2020 for the two group companies Fox Automotive Switzerland AG and Catinum AG. On December 7th last year, the new group, fox e-mobility AG, was created through the contribution of Fox Automotive Switzerland AG to Catinum AG. In the course of this so-called 'reverse merger', the stock exchange listing of fox e-mobility AG was also implemented on December 22, 2020. The consolidation was carried out for the first time as per December 31, 2020.

In addition to the preliminary key data already published on 15 June, a separate profit and loss account has been prepared. However, fox e-mobility AG did not yet have any revenue in the 2020 financial year. Expenses were incurred mainly in connection with the establishment of business operations and the reverse merger. The consolidated annual result was therefore a loss of around EUR 0.3 million.

The equity of fox e-mobility amounted to EUR 100.4 million as of balance sheet date December 31, 2020. Total assets were at EUR 108.6 million. There are no short-term or long-term financial liabilities to banks or other lenders. All liabilities amounting to EUR 5.0 million are due to shareholders, trade payables and similar. Deferred tax liabilities of EUR 2.9 million are a consequence of the additions to equity. Provisions amounted to EUR 0.3 million.

The full annual financial statements and the annual report for 2020 are available on the company's website in the "Investors" section (https://fox-em.com/financial-reports/).

Fox e-mobility AG sees itself well positioned for further positive business development. With its 3-pillar business model, fox e-mobility combines revenues from vehicle sales in Europe with license income from non-European markets and revenues from the sale of CO2 credits. The first steps towards financing the development of MIA 2.0 have already been taken in the current year 2021: A first tranche of EUR 3.0 million of the EUR 25.0 million mandatory convertible bond has already been drawn, as well as the capital increase of a nominal EUR 1.0 million, which was subscribed by the management and secured liquid funds of EUR 2.0 million. The focus for the course of the year will be on further vehicle development and the next financing steps.

About fox e-mobility AG
fox e-mobility AG is a European electric vehicle company that specializes in the production, marketing and further development of compact electric cars in the lower price segment for both, individual passenger transport as well as logistical applications. The new MIA 2.0 model series is to be manufactured in Europe in cooperation with well-known suppliers to the electrical and automotive industries. The management team consists of seasoned managers and engineers from the world's largest automotive groups who have in-depth expertise and a comprehensive network for electro-mobility.
For more information, please visit http://www.fox-em.com.

Press contact
Dr. Walter Glogauer
fox e-mobility AG
Phone +49 8806 95 483
Email w.glogauer@glogauer.de

Jan Hutterer
Kirchhoff Consult AG
Phone +49 40 60 91 86 65
Email fox@kirchhoff.de

IR contact

30.06.2021 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: fox e-mobility AG
Barerstraße 7 c/o SMC
80333 München
Internet: www.fox-em.com
ISIN: DE000A2NB551
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg
EQS News ID: 1213243

End of News DGAP News Service

1213243  30.06.2021 


ę EQS 2021
All news about FOX E-MOBILITY AG
2021FOX E MOBILITY : publishes consolidated financial report for the first half of 2021
2021Fox e-mobility AG Announces Earning Earning Guidance for the Financial Year 2021
2021FOX E MOBILITY : introduces highly integrated mini construction kit for the upcoming MIA -..
2021Fox e-mobility AG Introduces Highly Integrated Mini Construction Kit for the Upcoming M..
2021FOX E-MOBILITY AG : Great approval at Annual General Meeting for all agenda items
2021FOX E-MOBILITY AG : Notification and public disclosure of transactions by persons
2021FOX E MOBILITY : publishes annual report for 2020 business year
2021FOX E MOBILITY : presents design of the new MIA product family
2021FOX E MOBILITY : presents design of the new MIA product family
2021FOX E MOBILITY : Issues First Tranche Of $29.7 Million Convertible Bond For Atlas Capital
More news
Net income
Net Debt
P/E ratio
Capitalization 17,0 M 19,3 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float -
Duration : Period :
fox e-mobility AG Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Mean consensus -
Number of Analysts 0
Last Close Price 0,24 
Average target price
Spread / Average Target -
Managers and Directors
Philippe Perret Chief Executive Officer
Ulrich Hoernke Chief Financial Officer
Stefan Hiestand Chairman-Supervisory Board
Christian Jung Chief Technology Officer
Russell Pfeiffer Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
TESLA, INC.-2.49%1 037 125
NIO INC.-6.53%47 097
XPENG INC.-5.98%40 524
LI AUTO INC.-5.08%30 963
FISKER INC.-10.30%4 187