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Voltabox in the Light of Business Transformation - Refocusing to be Completed in 2021 - Seite 3

In the 2021 fiscal year, the Voltabox Management Board now expects to generate sales of € 15 million with an EBITDA margin of -15%. The sales potential clearly exceeds this conservative estimate; however, the further recovery of the markets of Voltabox customers remains to be observed. Free cash flow is expected to be in the negative single-digit million range.

Due to delays in the audit of the consolidated financial statements, which have been communicated to the company by the auditor, the publication of the annual report has been postponed. Voltabox AG will publish the annual financial report immediately after finalization of the audit documentation. The new financial calendar will be published shortly. Additional information about Voltabox can be found at www.voltabox.ag/en.

About Voltabox AG

Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, is a system provider for e-mobility in industrial applications as well as in select mass markets. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion battery systems that are modular and in serial production. The battery systems are used for applications including commercial vehicles, such as buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion battery systems for select mass-market applications such as pedelecs and e-bikes as well as starter batteries for high-performance motorcycles.

Voltabox has production sites at its headquarters in Delbrück, Germany, in Austin, Texas, USA, and in Kunshan, China.

Additional information about Voltabox can be found at www.voltabox.ag/en.

 

Contact

Voltabox AG

Stefan Westemeyer
Artegastrasse 1
33129 Delbrück, Germany
Tel.: [phone]
Fax: [phone]
Email: [e-mail]

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27.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.