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OFFON

COMPLEO CHARGING SOLUTIONS AG

(C0M)
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PRESS RELEASE: Greentech Compleo secures financing for further growth

04/14/2021 | 01:32am EDT
DGAP-News: Compleo Charging Solutions AG / Key word(s): Capital Increase 
Greentech Compleo secures financing for further growth 
2021-04-14 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Greentech Compleo secures financing for further growth 
Gross proceeds of EUR 28.3 million raised from capital increase | New investor groups tapped | Further dynamic 
development planned through organic growth and M&A 
Dortmund, April 14, 2021 - Compleo Charging Solutions AG, a leading provider of charging solutions for electric 
vehicles, successfully completed a capital increase. The net proceeds are to be invested in the further growth of the 
company. Compleo is thus creating a key prerequisite for continuing to systematically pursue its growth strategy, 
which, in addition to organic growth, also envisages further targeted M&A measures. 
Compleo Charging Solutions AG ("Compleo") has successfully completed the capital increase against cash contribution 
announced on April 13, 2021. In an accelerated bookbuilding process, a total of 342,348 shares were placed with both 
existing as well as new institutional investors across Europe at a placement price of EUR 82.65 per share. By 
completing the transaction and raising gross proceeds of around EUR 28.3 million, Compleo has created an important 
prerequisite for continuing its very dynamic development in the future. 
In 2020, Compleo had more than doubled its revenues to over EUR 33 million compared to the previous year and 
consistently implemented its growth strategy since the IPO. For example, sales activities were launched in three 
additional European countries and the product portfolio was successfully developed further. The merger with wallbe GmbH 
at the end of March 2021 also provides tailwinds, as a result of which Compleo has further strengthened its fully 
integrated hardware, software and service business and noticeably increased its market share. 
Collaborations and mergers of manufacturers make sense against the backdrop of the fundamental change in mobility and a 
fragmented competitive environment throughout Europe, in Compleo's view. In the upcoming consolidations on the market, 
it is therefore Compleo's goal to play an active role and further establish itself as an innovator in Europe. 
Georg Griesemann, Co-CEO of Compleo: "We would like to thank our existing and new investors once again for the trust 
they have placed in us. Given the rapid expansion of e-mobility in Germany and throughout Europe, we see excellent 
opportunities for Compleo in the future. We want to build Compleo into one of the leading providers of electromobility 
solutions in Europe. In doing so, we not only intend to grow organically, but also see ourselves as a market 
consolidator. Consequently, further acquisitions of companies are an important cornerstone of our strategy, provided 
the acquisitions are value-enhancing for Compleo and its shareholders and if they fit with Compleo's strategy and 
culture." 
The new shares are to be included into trading in the Prime Standard of the Frankfurt Stock Exchange on April 16, 2021. 
The settlement of the shares is expected on the same day. 
The transaction is being accompanied by COMMERZBANK AG, Kempen & Co and ODDO BHF. 
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, CFA 
Head of Investor Relations 
e-Mail: ir@comepleo-cs.de 
Phone: +49 231 534 923 874 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-14 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:  1184403 
 
End of News   DGAP News Service 
=------------ 

1184403 2021-04-14

(END) Dow Jones Newswires

April 14, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
COMMERZBANK AG 0.82% 5.404 Delayed Quote.2.62%
COMPLEO CHARGING SOLUTIONS AG -7.71% 94.6 Delayed Quote.1.28%
DEUTSCHE POST AG 1.60% 60.87 Delayed Quote.50.30%
DEUTSCHE TELEKOM AG 0.09% 17.42 Delayed Quote.16.48%
DJ INDUSTRIAL -0.18% 34751.32 Delayed Quote.12.97%
SIEMENS AG 2.09% 149.78 Delayed Quote.27.45%
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Analyst Recommendations on COMPLEO CHARGING SOLUTIONS AG
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Financials
Sales 2021 67,3 M 79,2 M 79,2 M
Net income 2021 -3,60 M -4,24 M -4,24 M
Net cash 2021 20,7 M 24,4 M 24,4 M
P/E ratio 2021 -105x
Yield 2021 -
Capitalization 369 M 434 M 434 M
EV / Sales 2021 5,17x
EV / Sales 2022 2,80x
Nbr of Employees 252
Free-Float 62,1%
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Number of Analysts 3
Last Close Price 94,60 €
Average target price 114,00 €
Spread / Average Target 20,5%
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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