Leclanché (LECN)

Business description

Leclanché is a fully vertically integrated energy storage solution provider. It delivers a wide range of energy storage solutions for homes, small offices, large industries and electricity grids as well as hybridisation for mass transport systems such as bus fleets and ferries.

Stock data

Market cap.CHF173.9m
Last closeCHF2.51
High / Low (52 weeks)CHF2.9 / CHF2.1
Stock market listingSW
Forecast net debt (CHFm)4.6
Forecast gearing ratio (%)72
TeamIndustrials
SectorIndustrial Support Services

Price performance

%1m3m12m
Actual0.416.7(10.4)
Relative *(2.1)12.5(22.1)

* % Relative to local index

Other companies in sector Show

Company news

SUN Mobility plans to partner Leclanché to develop batteries

Sun, 10 Sep 2017 22:30:00 GMT

Oakridge Sells all its Interest in Leclanche SA Releasing Funding for the ...

Tue, 05 Jan 2016 21:00:00 GMT

Oakridge Global Energy Solutions, Inc. Announces Acquisition of Shareholding ...

Thu, 02 Jul 2015 13:30:00 GMT

Leclanché and Narada Power sign strategic global alliance

Mon, 21 Nov 2016 13:36:03 GMT

Swiss company Leclanché secures USD 28.9 million purchase order and USD 6.0 ...

Tue, 19 Apr 2016 12:17:51 GMT

Y/E Dec Revenue (CHFm) EBITDA (CHFm) PBT (CHFm) EPS (fd) (CHFc) P/E (x) P/CF (x)
2015A 17.9 (26.0) (32.9) (115.2) N/A N/A
2016A 28.1 (26.6) (36.8) (85.0) N/A N/A
2017E 28.1 (18.4) (22.6) (44.0) N/A N/A
2018E 114.7 1.4 (2.6) (3.8) N/A N/A

Last updated on 12/12/2017

Latest research

Powering up

Initiation | Industrial Support Services | 15/11/2017

Investment summary

Over the last three years, Leclanché has been transformed into a vertically integrated group. It has begun work on a multi-million contract for one of the world’s largest stationary battery energy storage systems to date, supplying not only the battery modules but also the system integration and engineering, procurement and construction (EPC) work. It has also established a presence in the e-transport sector, for example partnering with Skoda Electric on battery solutions for e-buses. Completion of the ongoing financing round is required to enable the group to deliver against its pipeline totalling over 450MWh of energy storage.

Last updated on 13/12/2017

Industry outlook

Revenues, including CHF2.2m funding for a European ferry project, rose by 40% year-on-year during H117 to CHF8.0m. Revenue growth would have been substantially stronger if Leclanché had had sufficient funding to make faster progress on two large ongoing stationary energy storage projects in North America. The financing situation did not prevent the company from adding to its pipeline of projects in both the stationary storage and e-mobility sectors. EBIT losses narrowed, from CHF15.6m to CHF11.5m, reflecting the restructuring and cost-reduction exercises taken in late FY16 and early FY17.

Last updated on 13/12/2017

Key management

Anil Srivastava, CEO
Hubert Angleys, FD

Company address

Avenue des Sports 42
Yverdon-Les-Bains
CH – 1400
Switzerland
+41 24 424 65 00
View website