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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.CHF155.7m
Last closeCHF1.93
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
Actual3.25.8(17.2)
Relative *4.87.7(12.2)

* % 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 10/10/2018

Investment summary

Now that it has solved its financing issues, Leclanché has started delivering on its pipeline of projects to supply battery energy storage solutions for utility-scale, microgrid and e-transport applications. Revenues more than doubled during H118. However, some significant contracts that were pending at end June have been delayed while third parties await project funding, so we revise our FY18 estimates downwards and cut our indicative valuation from CHF2.51/share to CHF2.33/share.

Last updated on 10/10/2018

Industry outlook

EVN announced its plans for a UK network at the UK's first Zero Emission Vehicle Summit in September. At the event, Prime Minister Theresa May announced £106m funding for R&D in green vehicles, new batteries and low carbon technology.

Last updated on 28/09/2018

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