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Investor Relations14 Oct 2025
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Lilium (LILM) investor relations material
Lilium Q1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2024 earnings summary11 Jun, 2024
Executive summary
Lilium advanced production of its first Lilium Jet, with key components delivered, assembly underway, and battery pack production started at its Munich facility.
The company targets first piloted flight by late 2024 and entry into service in 2026, maintaining focus on certification with EASA and expanding test capabilities.
Order pipeline exceeds 780 jets, including firm orders and MoUs from global operators, with recent binding agreements in the UK and US.
Aftermarket service business launched, with expanded partnerships for infrastructure and support in Europe and the US.
Significant funding progress includes a $114M capital raise and advanced discussions for €100M-€200M in government-backed loans from Germany and France.
Financial highlights
End of Q1 cash and equivalents: €102M ($110M), not including latest fundraise proceeds.
Adjusted Q1 cash spend: €94.7M; H1 2024 expected: €185M–€195M; Q2 spend expected at ~€100M.
Second half 2024 adjusted cash spend projected to be slightly higher, driven by supply chain and production ramp-up.
Headcount at end of March 2024: 981 employees, up 14% from end of 2023.
Customary pre-delivery payments (PDPs) are being received and expected to become meaningful in 2025, with industry-standard structures.
Outlook and guidance
First piloted flight targeted for late 2024; entry into service remains on track for 2026.
Liquidity roadmap in place for first piloted flight, with further government-backed funding expected.
Second half 2024 cash spend to rise, with more detail to be provided in the next quarterly call.
Continued conversion of MoUs into firm orders with pre-delivery payments; ongoing discussions with airlines for fleet orders.
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Eferix Drawings Google Play
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Frequently asked questions
Lilium N.V. is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for regional air mobility. The company is working on creating an all-electric aircraft designed to provide efficient, high-speed, and zero-emission air transportation. Lilium’s technology aims to revolutionize regional and urban mobility by offering an alternative to traditional transportation modes with its eVTOL jets. The company is headquartered in Wessling, Germany, and its shares are listed on the NASDAQ.
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