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Clean Logistics with successful fiscal year 2021



Press reports Corporate News
  •     Strategic course set for further growth
  •     Earnings in line with expectations
  •     Well-filled order pipeline
  •     Strong sales growth expected in 2022 and beyond

Hamburg, June 13, 2022: Clean Logistics SE (ISIN DE000A1YDAZ7) can report a successful fiscal year 2021. In line with its strategy, the company has achieved important successes in expanding its business activities and has set a strategic course for its long-term growth. In the reporting period, sales revenues amounted to around 107,000 euros and the net loss to around -2.9 million euros. The business figures for the first half of 2021 are based on the business activities of SendR SE, whose shell company Clean Logistics acquired in August 2021.

In the reporting period, Clean Logistics began, among other things, with the delivery of the HyBatt bus. Thus, Europe's first converted bus with battery-electric fuel cell-hydrogen drive in local public transport was handed over to Uckermärkische Verkehrsgesellschaft. The company also acquired E-Cap Mobility GmbH, in which it now holds 74.8 percent of the shares. The company is a leader in Germany in the prototypical conversion of commercial vehicles and industrial applications in mobility. In the coming months, Clean Logistics plans to increase its stake in E-Cap Mobility to 100 percent. In addition, Clean Logistics is significantly expanding its conversion capacities for buses and tractor units. In Winsen (Luhe), the company is currently building a new production hall with a floor space of 10,000 square meters. This will enable the company to convert more than 450 vehicles per year. Furthermore, a production hall has also been rented in Winsen (Luhe), which has enabled Clean Logistics to significantly increase its conversion capacities immediately.

Clean Logistics is also very satisfied with the development to date in fiscal year 2022. Together with renowned partners, the development and testing of trucks with "CRYOGAS" hydrogen tanks and refueling systems for fuel cell trucks in long-distance transport was started. Clean Logistics is responsible for the integration of the refueling systems and the development of the hydrogen and fuel cell technology. The first prototype of the HyBatt truck will be presented to the public on June 23, 2022 as a world first and thus represents another significant milestone in the development of the company. A supply contract has been signed with DEVK subsidiary hylane for two HyBatt trucks to be delivered before the end of 2022.

Clean Logistics has a robust financial position. In September 2021, Clean Logistics received proceeds of EUR 4.1 million in the course of a rights issue. In addition, the company concluded a financing agreement with a volume of EUR 11 million in May 2022. These cash inflows are to be used as planned for further corporate growth, in particular for the expansion of conversion capacities and the pre-financing of key components for fuel cell trucks in the pilot series based on customer orders.

For fiscal year 2022, Clean Logistics expects sales to increase to a low double-digit million euro amount as well as improvements in the annual result.

Dirk Graszt, CEO of Clean Logistics: "We have developed in line with our ambitious plans in fiscal year 2021 and set the course for our further growth. Our business is picking up momentum and we are driving the decarbonization of the transport sector at high speed. We are in the final negotiation phase for several projects to close further high-profile contracts and are extremely well positioned for further growth."

The 2021 Annual Report is available on the Investor Relations section of the company's website: