EQS-News

Voltabox Demonstrates Operational Progress in the third Quarter – Preparations for next Growth Step underway

EQS-News: Voltabox AG / Key word(s): Quarterly / Interim Statement Voltabox Demonstrates Operational Progress in the third Quarter – Preparations for next Growth Step underway 16.11.2023 / 09:40 CET/CEST The issuer is solely responsible for the content of this announcement. Voltabox Demonstrates Operational Progress in the third Quarter – Preparations for next Growth Step underway

• Group revenue of € 8.0 million (prior year: € 0.7 million) and EBITDA margin of -14% (prior year: -239.2%) massively improved year-on-year, as expected
• Preparation of the organization for the next growth step in 2024 leads to slight increase in personnel expenses
• Important milestones achieved in Q3: cooperation to enter market for stationary outdoor battery containers and significant progress in the development of new battery system

Paderborn, Germany, November 16, 2023 – Voltabox ["Voltabox" or the "Company"; ISIN DE000A2E4LE9] today published its interim statement for the first nine months. During this period, the Voltabox Group generated revenue of approximately € 8 million. In the current fiscal year, the first full fiscal year after the realignment of the company, Voltabox can rely on completely new, improved framework conditions due to the intensive work on the organization and its business model. Nevertheless, the 10.5-fold increase in revenue within one year is remarkable. EBITDA also improved significantly compared to the previous year. After three quarters, the EBITDA margin is -14% (prior year: -239%). According to the recently adjusted forecast, the Management Board expects an unadjusted EBITDA margin of approx. -9% for the full year. Revenues are therefore expected to be around € 11 million.

In addition to the good operating performance in the third quarter, the Company has achieved important milestones for its short and medium term future. These include, in particular, the strengthening of the sales force, including the VoltaStore business unit. In doing so, the company was able to acquire expertise and experience at an early stage in order to ensure the further development of its market presence, the successful introduction of new products and the further professionalization of processes. The signing of the cooperation agreement with INOMO, a hardware and software solution provider for battery systems, was also of paramount importance. Together, the two companies will produce and market stationary outdoor battery containers in the coming year. Sales are expected to start in January 2024. The first customers have already expressed interest in the cooperation partners' unique stationary storage platform, which includes an innovative energy management system and has stand-alone capabilities in addition to backup power functions.