Voltabox Shares Soar with 250% Growth, More Surges Expected in 2024

• Voltabox AG has adjusted its growth to 250% for the fiscal year 2023 and expects further significant increase in 2024.
• The company's revenue forecast for 2023 is approximately €11 million, with an unadjusted EBITDA expected to be around €-1.0 million.
• Voltabox reached an agreement with a customer on a compensation payment of approximately €400,000 for an unrealized project from 2021, which impacted the Group's earnings.
• The company expects to achieve a growth leap of more than 50% in the fiscal year 2024.
• Through its subsidiary GreenCluster, Voltabox is expanding its market position in the field of photovoltaic solutions in combination with stationary energy storage systems.
• Despite the expansion of GreenCluster's business volume, the recent significant drop in prices for photovoltaic modules and storage systems posed a challenge to the company's goals.

The next important date, Interim Group Report as of September 30, 2023 - Nine months, at Voltabox is on 16.11.2023.
The price of Voltabox at the time of the news was 1,4250EUR and was down -3,88 % compared with the previous day.

Voltabox

-0,21 %

+5,15 %

+5,62 %

-6,56 %

-17,98 %

-71,75 %

-92,54 %

-96,05 %

ISIN:DE000A2E4LE9WKN:A2E4LE

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