Brief: Voltabox 9M Group Revenue At EUR 13.3 Mln

Voltatron AG

30/10/2020 06:05

Oct 30 (Reuters) - VOLTABOX AG  VBX.DE :
    * VOLTABOX END MARKETS REMAIN CAUTIOUS - EBITDA EARNINGS
THRESHOLD
TO BE EXCEEDED IN 2021
    * GROUP REVENUE AFTER THREE QUARTERS AT EUR 13.3 MILLION
(PRIOR
YEAR: EUR 37.9 MILLION)
    * 9-MONTH EBITDA DECREASES TO EUR -21.0 MILLION (PRIOR YEAR:
EUR
-5.4 MILLION)
    * 9-MONTH EARNINGS BEFORE INTEREST AND TAXES (EBIT)
DECREASED TO
EUR -33.8 MILLION (PRIOR YEAR: EUR -11.4 MILLION)
    * NOW EXPECTS TO GENERATE REVENUE AT LOWER END OF FORECAST
RANGE
OF AROUND EUR 25 MILLION FOR FULL YEAR
    * FY GROUP EBITDA MARGIN WILL THEREFORE NOT REACH -6 %
    * OUTLOOK 2020: EXPECTS AN EBITDA MARGIN OF -60 %. FREE CASH
FLOW
IS EXPECTED TO REMAIN SLIGHTLY NEGATIVE

Source text for Eikon:  ID:nEQ4jHd2Qa 
Further company coverage:  VBX.DE 

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