Brief: Voltabox 9-Month EBIT At EUR -11.4 Mln

Voltatron AG

13/11/2019 06:11

Nov 13 (Reuters) - VOLTABOX AG  VBX.DE :
    * E-MOBILITY SUPPLIER VOLTABOX SYSTEMATICALLY GEARS UP FOR
2020 -
ADJUSTED COST STRUCTURE AND SUSTAINABLE GROWTH
    * 9-MONTH GROUP REVENUE INCREASES BY 13.2% TO EUR 37.9
MILLION
    * CONVERSION OF DIESEL BUSES: DELIVERY OF FIRST BATTERY
SYSTEMS
STARTING IN 2020 - SIGNIFICANT GROWTH PLANNED FOR SUBSEQUENT
YEARS
    * OUTLOOK FOR FISCAL YEAR 2020: INCREASE OF REVENUE TO EUR
85
MILLION TO EUR 100 MILLION WITH AN EBITDA MARGIN OF ROUGHLY 15%
AND AN EBIT MARGIN BETWEEN 5% AND 7%
    * 9-MONTH EBITDA SUBSTANTIALLY DECREASED AS EXPECTED TO EUR
-5.4
MILLION PRIOR YEAR: EUR 4.9 MILLION
    * 9-MONTH EBIT DECREASED ACCORDINGLY TO EUR -11.4 MILLION
(PRIOR
YEAR: EUR 2.3 MILLION).
    * EXPECTS TO ACHIEVE REVENUE BETWEEN EUR 70 AND 80 MILLION
WITH AN
EBIT MARGIN OF -8 TO -9% IN CURRENT FISCAL YEAR

Source text for Eikon:  ID:nEQ13C5lka 
Further company coverage:  VBX.DE 

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