LION E-Mobility Reports Q1 Revenue Dip but Confirms Fiscal 2026 Outlook Amid Strategic Shift
LION E-Mobility AG posted Q1 2026 revenue of EUR 3.3 million, down from EUR 6.5 million a year earlier, but maintained positive EBITDA and reaffirmed its full-year guidance of over EUR 35 million in revenue, driven by a transition to high-performance battery cells and growing momentum in its BESS business.
LION E-Mobility AG (LION; ISIN: CH0560888270) reported first-quarter 2026 revenue of EUR 3.3 million, a decline from EUR 6.5 million in the same period last year, as the company undergoes a strategic transition to battery packs featuring new high-performance NMC+ cells. Despite lower revenue, EBITDA remained positive at EUR 0.3 million (Q1 2025: EUR 1.5 million), yielding an EBITDA margin of 10.1%. Operating cash flow improved to EUR 3.0 million from EUR 1.0 million in the prior year, attributed to cost discipline and better payment terms from suppliers.
The results reflect a planned production conversion that will temporarily affect output. LION’s factory is currently shut down for two months to update assembly lines for the NMC+ cells, with operations set to resume at the end of June. The company expects Q2 sales to be higher than Q1, supported by existing inventory, but anticipates a significant revenue uplift in the second half of the year once production of the new battery packs ramps up.
CEO Dr. Joachim Damasky commented: "The conversion of our production lines to the new high-performance battery cells is progressing well. This is an important step toward future growth. The demand for the new battery packs is already high and with production set to resume at the end of June, we expect a significant uplift in revenues in the second half of the year."
LION’s battery energy storage systems (BESS) business is gaining traction. The company sold its first BESS project in Q4 2025, a 5 MW / 20 MWh installation scheduled to go operational in summer 2026. The pipeline of BESS quotations now exceeds 7.5 GWh, spanning more than ten customers. A second German project of 5 MW / 10 MWh is in final negotiations for delivery in 2026, with additional projects in advanced stages. To capture this momentum, LION has hired three new sales staff dedicated to BESS, and strategic partner LEAPENERGY is expanding its activities in Germany. The company’s competitive positioning is reinforced by tailored payment terms and a robust guarantee framework, including two independent performance guarantees and a bank guarantee.
Beyond energy storage, the defense sector presents additional growth opportunities. LION is working on several defense-related inquiries, including a collaboration with Mandrill Engineering, where LION Smart’s high-performance battery technology powers an advanced unmanned ground vehicle (UGV), delivering reliable performance and extended mission capabilities in demanding environments.
For the full year 2026, LION confirms its outlook of revenue above EUR 35 million and strongly positive EBITDA. The company’s shares are listed on the stock exchanges in Munich, Frankfurt, and Hamburg. More information is available at www.lionemobility.com.