EQS-News

Voltabox stabilized on a sustained basis – Forecast clearly achieved according to preliminary figures

EQS-News: Voltabox AG / Key word(s): Forecast Voltabox stabilized on a sustained basis – Forecast clearly achieved according to preliminary figures 28.02.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Voltabox stabilized on a sustained basis – Forecast clearly achieved according to preliminary figures

• Key figures in 2022 fiscal year slightly above expectations according to preliminary consolidated financial statements
• Revenue growth of at least 300% in 2023, break-even in prospect
• New VoltaStore business unit established in less than a year – Order intake promises further positive development
• Participation in trade shows and several capital market events planned in 2023 - Annual General Meeting on June 29 to be held in physical form

Paderborn, February 28, 2023 - Voltabox AG ["Voltabox" or the "Company" or the "Company"; ISIN DE000A2E4LE9] has fully achieved the forecast of the Management Board following the preparation of the preliminary consolidated financial statements for the 2022 fiscal year. Based on the foundations laid in the past fiscal year, the Company expects dynamic development in the coming years with an ambitious and at the same time sustainable growth path. The two business areas defined as future pillars of the company during the past year will contribute equally to this.

"Voltabox is on a very good path. To this end, we are focusing on extraordinarily vigorous growth business areas. In the past year, we have developed focus areas that we are one hundred percent convinced of and where we can make a significant contribution thanks to our technologies. Voltabox now has a robust foundation on which we plan to build a strong, sustainable organization in the coming years," explains Patrick Zabel, CEO of Voltabox AG.

The VoltaMobil business unit represents the business with high-voltage battery systems for buses, construction and agricultural machinery. The unit's revenue volume is expected to double in 2023 fiscal year. This is being driven by a number of attractive new customer contracts, which the Company expects to start supplying in series in the current year.