Swiss battery manufacturer Leclanché has posted its best sales performance for 22 years, although earnings before interest, tax, depreciation and amortisation (EBITDA) losses fell further.
Consolidated revenues for fiscal year 2018 were CHF 49 million (US$49m), up from CHF 18m in 2017, and more than 2.7 times 2017 revenues.
The EBITDA loss for fiscal 2018 amounted to CHF 39.1m compared to a loss of CHF 31.8m in the previous year.
However, CEO Anil Srivastava said the company had “met and exceeded” the financial guideline laid out to shareholders at the end of 2018. “We enter 2019 with a solid order book and awarded projects of more than CHF 60m.” He said the company’s “new and fast-growing ‘e-transport solutions’ business accounted for 70% of that sum, or CHF 42m of confirmed orders.
The upcoming Spring 2019 edition of Batteries & Energy Storage Technology (BEST) magazine includes an exclusive interview with Srivastava. The magazine will be out soon, so click here to subscribe.
