ELARIS AG Poised for Substantial Growth Amid Electrification Drive

ELARIS AG, a German provider of fully electric vehicles, is on a significant upward trajectory in the e-mobility sector. Based on a comprehensive study by GBC AG, the company has showcased a robust increase in sales, recording a 241.6% growth in the year 2022, rising to €3.04 million from €0.89 million the previous year. This growth trend has continued into the first ten months of 2023, with sales hitting €9.39 million.

The automotive industry is experiencing a transformative shift towards electric vehicles (EVs), particularly in Germany and the broader EU, in response to stringent environmental and climate goals. This shift, accentuated by an EU-wide ban on combustion engines from 2035, positions companies like ELARIS in a pivotal role to capitalize on the growing demand for EVs. The Federal Motor Transport Authority reports a substantial 11.4% increase in EV registrations in 2023, highlighting the accelerating adoption rate.

Despite a recorded EBITDA loss in 2022 due to significant investments in expanding the e-mobility business, ELARIS AG is expected to witness an impressive sales jump to €13.46 million in 2023. Future financial projections are even more optimistic, with sales anticipated to surge to €130.26 million by 2024 and further to €256.69 million by 2025, reflecting a dynamic growth trajectory fueled by the expansion of the product portfolio, sales network, and market reach.

GBC AG analysts have calculated a fair value of €47.55 per share for ELARIS AG, underpinning the company's strong potential for profitability linked to the burgeoning e-mobility market. With its strategic focus on fully electric cars, supported by an innovative sales and service platform, ELARIS AG is well-positioned to navigate the evolving automotive landscape.