Stock data
| Market cap. | CHF153.3m |
| Last close | CHF1.90 |
| High / Low (52 weeks) | CHF2.7 / CHF1.6 |
| Stock market listing | SW |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | Industrial Support Services |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (5.9) | (7.3) | (23.4) |
| Relative * | (2.1) | (4.8) | (21.5) |
* % Relative to local index
Other companies in sector Show
Company news
| 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 | N/A | N/A | N/A | N/A | N/A | N/A |
| 2018E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 18/04/2018
Latest research
Cremzow project underpins FY18 deliveries
Flash note | Industrial Support Services | 21/02/2018
Powering up
Initiation | Industrial Support Services | 15/11/2017
Investment summary
During December and January, Leclanché secured CHF74.0m additional investment from its largest shareholder. Management estimates this is sufficient to fully finance the company through to Q219 but is seeking additional finance to take the company through to 2020, when it expects to be solidly EBITDA-positive. Importantly, the investment provides the cash to deliver on the pipeline of contracts already received for delivery during FY18, which total 55MWh of capacity. Lack of finance held back revenue growth during FY17, resulting in a c CHF40m (unaudited, estimated) loss after tax. As this is greater than the loss modelled in our estimates, we have placed these under review until the full FY17 results are announced at the end of April.
Last updated on 27/04/2018
Industry outlook
The priority is now to deliver on the 55MWh of orders already received for completion during FY18. These include a 33MWh battery storage plant in Cremzow, Germany, a 4MWh project with NRStor in Canada, a 15MWh project with swb in Germany and a project to develop and install a network of 34 fast-charging stations along the Trans-Canada Highway.
Last updated on 27/04/2018
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 |