Third consecutive year of strong growth
We entered the fourth quarter with a record order and on the back of favourable forecasts, at the same announcing that customers had been forced to postpone production due to the shortage of components in the market. The turbulence in the market notwithstanding, we increase our net sales by 47 percent for the full year. We move into 2023 with an order book of MSEK 230 and additional orders for the existing product portfolio of MSEK 120 for delivery in 2024-25. The volumes we expect at the end of this year provide opportunities to reach profitability and a positive cash flow.
The fourth quarter 2022 in brief
- Net sales increased to MSEK 15.1 (9.3)
- Order intake decreased to MSEK 0.0 (57.0)
- Operating costs for personnel, other external charges and depreciation increased to MSEK -25.5 (-20.1)
- Operating income amounted to MSEK -20.6 (-24.1)
- Net profit or loss amounted to MSEK -24.8 (-25.1)
- Cash flow from operating activities amounted to MSEK -10.1 (-21.2)
Full year 2022 in brief
- Net sales increased to MSEK 78.5 (53.2)
- Order intake decreased to MSEK 138.5 (183.9)
- Operating costs for personnel, other external charges and depreciation increased to MSEK -89.9 (-73.7)
- Operating income amounted to MSEK -64.8 (-61.5)
- Net profit or loss amounted to MSEK -73.0 (-65.0)
- Cash flow from operating activities amounted to MSEK -58.0 (-55.7).
Significant events in 2022
2022 was Alelion's third consecutive year of strong growth in the high-voltage battery market. The order book for 2023 totals MSEK 230 thus far, resulting from the battery systems ready for series production that now are on the market and reaching customers. Overall, the order backlog amounts to approximately MSEK 350. The largest share of it relates to our largest order to date, which, as disclosed on
Events after the end of the period
Alelion and
A shortage of components, both internally but above all affecting our customers, have caused dispatches to be delayed during November and
This disclosure contains information that
CEO Åsa Nordström +46 702 90 18 58,
email: asa.nordstrom@alelion.com
CFO
email: christian.bergaust@alelion.com
Chairman of the Board
email: alf@blomqvistunlimited.com
About
Alelion is a lithium-ion technology solution provider and developer and manufacturer of battery systems. Alelion makes clients succeed with their electrification of off-highway vehicles and transformation to more sustainable use of energy. Alelion invests to stay at the forefront and offers the latest proven technology, tailored to the specific needs of its customers and end users. Alelion is headquartered in
We give the power to take climate action. alelion.com
Alelion's major owners are
Sörredsbacken 4, SE-418 78 Göteborg
info@alelion.com
Direct link to financial reports
https://news.cision.com/alelion-energy-systems-ab/r/2022-year-end-report,c3715023
https://mb.cision.com/Main/14418/3715023/1849166.pdf
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