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. BOERSE DUESSELDORF
  5. Fox e-mobility AG
  6. News
  7. Summary
    CT4   DE000A2NB551

FOX E-MOBILITY AG

(CT4)
  Report
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Fox e mobility : publishes consolidated financial report for the first half of 2021

09/14/2021 | 01:16am EST

DGAP-News: fox e-mobility AG / Key word(s): Half Year Report/Half Year Results
fox e-mobility AG publishes consolidated financial report for the first half of 2021

14.09.2021 / 07:15
The issuer is solely responsible for the content of this announcement.


fox e-mobility AG publishes consolidated financial report for the first half of 2021

Munich, September 14, 2021 - fox e-mobility AG (ISIN DE000A2NB551), a European electric vehicle company that specializes in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistics applications, announces its interim financial report for the first half of 2021.

The interim report covers the period from January 1, 2021 to June 30, 2021 for the two group companies Fox Automotive Switzerland AG and fox e-mobility AG.

fox e-mobility AG did not have revenues yet during the above-mentioned period. The first revenues from licenses and vehicle sales are expected from 2023. Expenses were incurred in the first half of the year mainly with the establishment of business operations and vehicle development. The consolidated half-year result was therefore a loss of around ? 7.5 million.

The equity of the fox e-mobility group amounted to ? 96.4 million as of June 30, 2021. The total balance sheet amounts to ? 105.2 million. Liabilities of ? 6.0 million are mainly due to shareholders and trade payables. Deferred tax liabilities of ? 2.8 million result from the additions to equity.

The full half-year financial statements for H1 2021 are available on the company's website in the "Investors" section (https://fox-em.com/financial-reports/).

fox e-mobility AG considers itself well positioned for the further course of business. For the financial year 2021, a net result of ? -16 to ? -18 million is expected for the group, which is mainly composed of depreciation and amortization as well as the operating expenses for the development of the MIA.

With a multi-level business model, fox e-mobility combines the core business of revenues from vehicle sales in Europe with licensing income from non-European markets. In addition to the core business, revenues are generated from engineering services and the sale of CO2 credits. Initial steps to finance the development of the MIA have already been taken in the current year 2021. A first tranche of ? 3.0 million of the mandatory convertible bond with a total volume of ? 25.0 million has already been drawn. In addition, a capital increase for a nominal amount of ? 1.0 million was subscribed by management, which secured liquid funds in the amount of ? 2.0 million. The focus for the remainder of the year will be on further vehicle development and further 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 model 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.

IR contact
ir@fox-em.com

Press contacts
Dr. Walter Glogauer
Glogauer & Company Communications
Phone +49 8806 95483
Email w.glogauer@glogauer.de

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



14.09.2021 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
Herzogspitalstraße 24
80331 München
Germany
Internet: www.fox-em.com
ISIN: DE000A2NB551
WKN: A2NB55
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg
EQS News ID: 1233066

 
End of News DGAP News Service

1233066  14.09.2021 

fncls.ssp?fn=show_t_gif&application_id=1233066&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about FOX E-MOBILITY AG
2021FOX E MOBILITY : publishes consolidated financial report for the first half of 2021
EQ
2021Fox e-mobility AG Announces Earning Earning Guidance for the Financial Year 2021
CI
2021FOX E MOBILITY : introduces highly integrated mini construction kit for the upcoming MIA -..
EQ
2021Fox e-mobility AG Introduces Highly Integrated Mini Construction Kit for the Upcoming M..
CI
2021FOX E-MOBILITY AG : Great approval at Annual General Meeting for all agenda items
EQ
2021FOX E-MOBILITY AG : Notification and public disclosure of transactions by persons
EQ
2021FOX E MOBILITY : publishes annual report for 2020 business year
EQ
2021FOX E MOBILITY : presents design of the new MIA product family
AQ
2021FOX E MOBILITY : presents design of the new MIA product family
EQ
2021FOX E MOBILITY : Issues First Tranche Of $29.7 Million Convertible Bond For Atlas Capital
MT
More news
Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 18,9 M 21,4 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float -
Chart FOX E-MOBILITY AG
Duration : Period :
fox e-mobility AG Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 0,27 
Average target price
Spread / Average Target -
Managers and Directors
Philippe Perret Chief Executive Officer
Ulrich Hoernke Chief Financial Officer
Stefan Hiestand Chairman-Supervisory Board
Christian Jung Chief Technology Officer
Russell Pfeiffer Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
FOX E-MOBILITY AG-30.00%21
TESLA, INC.-5.73%1 002 665
NIO INC.-8.05%46 333
XPENG INC.-11.37%38 203
LI AUTO INC.-9.13%29 642
FISKER INC.-19.20%3 771