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OFFON

COMPLEO CHARGING SOLUTIONS AG

(C0M)
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PRESS RELEASE: Compleo sets course to further -2-

03/26/2021 | 06:25am EDT

Statement of financial position at December 31, 2020 and December 31, 2019

Assets 
 
in kEUR                               31/12/2020 31/12/2019 
NON-CURRENT ASSETS 
Intangible assets                          255         98 
Property, plant and equipment            1,415        980 
Right-of-use assets                      1,458      1,335 
Other non-current financial assets          23         23 
Deferred tax assets                      3,882      1,661 
Other assets                               264          - 
NON-CURRENT ASSETS                       7,297      4,097 
 
CURRENT ASSETS 
Inventories                              4,593      2,161 
Trade accounts receivable                2,822      1,485 
Contract assets                          1,884        435 
Other current financial assets           1,285        482 
Other current assets                       494        318 
Income tax receivables                       -         27 
Cash and cash equivalents               35,736      3,509 
Total current assets                    46,814      8,417 
TOTAL ASSETS                            54,111     12,514 

Statement of financial position at December 31, 2020 and December 31, 2019 Equity and liabilities

in kEUR                                                                   31/12/2020 31/12/2019 
EQUITY 
Subscribed capital                                                           3,423         25 
Contribution paid for the implementation of the agreed capital increase          -          5 
Capital reserves                                                            46,121      6,695 
Other reserves                                                                   -          - 
Retained earnings                                                           -6,361     -2,772 
Total equity                                                                43,183      3,953 
 
NON-CURRENT LIABILITIES 
Financial liabilities - non-current                                          3,790        331 
Lease liabilities - non-current                                              1,045      1,053 
Other non-current financial liabilities                                         18        823 
Total non-current liabilities                                                4,853      2,207 
 
CURRENT LIABILITIES 
Other provisions                                                               231        207 
Financial liabilities - current                                                259         94 
Lease liabilities - current                                                    447        310 
Trade accounts payable                                                       3,277      2,509 
Contract liabilities                                                           171      1,013 
Other current financial liabilities                                            255      1,695 
Other current liabilities                                                    1,435        526 
Total current liabilities                                                    6,075      6,354 
TOTAL EQUITY AND LIABILITIES                                                54,111     12,514 

Statement of cash flows for the years ended 2020 and 2019

in kEUR                                                                       2020   2019 
Result of the period                                                      -3,589 -2,583 
Amortisation of intangible assets                                             75     45 
Depreciation of property, plant and equipment and right-of-use assets        686    459 
Increase /(decrease) in other current provisions                              24    133 
Expenses for share-based payments                                            107      - 
Other non-cash expenses /(income) items                                        6   -108 
(Increase) /decrease in inventories                                       -2,432   -909 
(Increase) /decrease in trade receivables                                 -1,343 -1,051 
(Increase) /decrease in other assets                                      -2,691   -455 
Increase /(decrease) in trade payables                                       768    929 
Increase /(decrease) in other liabilities                                   -809  2,442 
Interest expenses /(income)                                                  187    226 
Increase /(decrease) in income tax payables and deferred tax liabilities  -2,194 -1,376 
Income tax (paid) /received                                                    -      - 
Net cash flows from operating activities                                 -11,205 -2,249 
Proceeds from sale of property, plant and equipment                           33     11 
(Purchase) of intangible assets                                             -232     -6 
(Purchase) of property, plant and equipment                                 -750   -462 
Interest received                                                              9     15 
Net cash flows used in investing activities                                 -940   -442 
Proceeds from issue of shares                                             43,993  5,500 
Transaction cost for the issue of shares                                  -1,281      - 
Proceeds from financial liabilities                                        4,000  1,456 
Repayment of financial liabilities                                        -1,747   -374 
Repayment of lease liabilities                                              -397   -284 
Interest (paid)                                                             -196   -241 
Net cash flows from financing activities                                  44,372  6,057 
Net increase in cash and cash equivalents                                 32,227  3,366 
Cash and cash equivalents at the beginning of the period                   3,509    143 
Cash and cash equivalents at the end of the period                        35,736  3,509 

About Compleo | Compleo is a leading supplier of charging solutions for electric vehicles. The company supports complete solution providers with its charging stations and, if required, also with the planning, installation, maintenance, service or backend of the charging infrastructure. Compleo's offering includes both AC and DC charging stations. Compleo's DC charging stations are the first DC charging stations on the market that comply with German calibration law (Eichrecht). The company develops and manufactures all products at its Dortmund site. The manufacturer focuses on innovation, safety, consumer-friendliness and economy. Its customers include Allego, E.ON, EWE Go, Deutsche Post DHL Group, Deutsche Telekom, Siemens and over 150 public utilities in Germany. Compleo started production of the first charging stations in 2009. The fast-growing company currently employs around 250 people. Compleo is listed in the Prime Standard segment of the Frankfurt Stock Exchange since October 2020 (ISIN: DE000A2QDNX9). More information is available at: www.compleo-cs.de/

IR Contact

Compleo Charging Solutions AG Sebastian Grabert Head of Investor Relations e-Mail: ir@comepleo-cs.de Phone: +49 231 534 923 874

/ / / /

^[1] In 2020, the non-recurring effects of EUR 1.6 million mainly comprised IPO costs (EUR 0.9 million) and IT-related consulting and structural costs (EUR 0.2 million). -----------------------------------------------------------------------------------------------------------------------

2021-03-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Compleo Charging Solutions AG 
              Oberste-Wilms-Straße 15a 
              44309 Dortmund 
              Germany 
Phone:        +49 231 534 923 70 
E-mail:       ir@compleo-cs.de 
Internet:     https://www.compleo-cs.com/ 
ISIN:         DE000A2QDNX9 
WKN:          A2QDNX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1178878 
 
End of News   DGAP News Service 
=------------ 

1178878 2021-03-26

(END) Dow Jones Newswires

March 26, 2021 07:24 ET (11:24 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
COMPLEO CHARGING SOLUTIONS AG 2.16% 94.8 Delayed Quote.-0.64%
DEUTSCHE POST AG -2.17% 55.98 Delayed Quote.41.26%
DEUTSCHE TELEKOM AG 1.17% 17.628 Delayed Quote.16.68%
SIEMENS AG -0.50% 147.22 Delayed Quote.25.90%
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Analyst Recommendations on COMPLEO CHARGING SOLUTIONS AG
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Financials
Sales 2021 67,3 M 78,8 M 78,8 M
Net income 2021 -3,60 M -4,21 M -4,21 M
Net cash 2021 20,7 M 24,2 M 24,2 M
P/E ratio 2021 -103x
Yield 2021 -
Capitalization 362 M 423 M 423 M
EV / Sales 2021 5,06x
EV / Sales 2022 2,75x
Nbr of Employees 362
Free-Float 62,1%
Chart COMPLEO CHARGING SOLUTIONS AG
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Compleo Charging Solutions AG Technical Analysis Chart | C0M | DE000A2QDNX9 | MarketScreener
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 92,80 €
Average target price 114,00 €
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Checrallah Kachouh Co-Chief Executive Officer
Georg Griesemann Co-Chief Executive Officer
Peter Gabriel Chief Financial Officer
Dag Hagby Chairman-Supervisory Board
Jens Stolze Chief Operating Officer