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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.CHF150.1m
Last closeCHF1.86
High / Low (52 weeks)CHF2.7 / CHF1.5
Stock market listingSW
Forecast net debt (CHFm)55.3
Forecast gearing ratio (%)195
TeamIndustrials
SectorIndustrial Support Services

Price performance

%1m3m12m
Actual(1.6)0.3(27.1)
Relative *4.44.7(20.5)

* % Relative to local index

Other companies in sector Show

Company news

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

Tue, 05 Jan 2016 21:00:00 GMT

Market Sentiment Around Loss-Making Leclanché SA (VTX:LECN)

Mon, 26 Mar 2018 09:19:27 GMT

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

Thu, 02 Jul 2015 13:30:00 GMT

BRIEF-Leclanché, Enel and Enertrag To Build Storage Plant In Germany

Tue, 20 Feb 2018 09:45:00 GMT

Leclanché announces its full year 2017 financial results; On track to hit ...

Thu, 03 May 2018 21:33:45 GMT

Y/E Dec Revenue (CHFm) EBITDA (CHFm) PBT (CHFm) EPS (fd) (CHFc) P/E (x) P/CF (x)
2016A 28.1 (27.4) (36.8) (85.0) N/A N/A
2017A 11.7 (31.2) (37.9) (68.4) N/A N/A
2018E 42.5 (34.3) (39.4) (51.8) N/A N/A
2019E 99.6 (9.4) (16.6) (20.4) N/A N/A

Last updated on 27/11/2018

Investment summary

Global maritime technology company Kongsberg Maritime has selected Leclanché as supplier of one of the largest single marine battery systems to date. This is for nine vessels and totals 45MWh of battery energy storage. The systems will be built at Leclanché’s facility in Switzerland and the cells manufactured at Leclanché’s Willstätt facility in Germany.

Last updated on 29/11/2018

Industry outlook

The company is holding an EGM on 11 December to approve conversion of CHF54.7m of the c CHF80m debt held my majority shareholder FEFAM into 36.5m new shares. This will increase FEFAM's holding to 64.3%, so FEFAM has applied to the Swiss Stock Exchange for an exemption from the requirement to make a public takeover offer for the company. The current chairman is retiring after five years' service. His place is being taken by David Ishag, CEO of Golden Partner, advisors to FEFAM.

Last updated on 29/11/2018

Key management

David Ishag, Chairman
Anil Srivastava, CEO
Hubert Angleys, FD

Company address

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