29 Jun 2018

Leclanché - Completion of financing heralds a new dawn

- Anne Margaret Crow
- 7 pages

As flagged in Leclanché's March trading update, FY17 revenue development was held back by lack of funding. Management has recently completed a sequence of financing transactions that it estimates will be sufficient to take the company through to an EBITDA-positive position in FY20. We reinstate our estimates, which were withdrawn following the March trading update.

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Leclanché - Completion of financing heralds a new dawn

Leclanche SA (LECN:SWX) | 0 0 0.0%

Published: 29 Jun 2018
Author: Anne Margaret Crow
Pages: 7

As flagged in Leclanché's March trading update, FY17 revenue development was held back by lack of funding. Management has recently completed a sequence of financing transactions that it estimates will be sufficient to take the company through to an EBITDA-positive position in FY20. We reinstate our estimates, which were withdrawn following the March trading update.