Brief: Voltabox Earnings In 2020 Burdened By Material Expenses For Discontinued Technologies

Voltatron AG

09/07/2021 06:15

July 9 (Reuters) - VOLTABOX AG  VBX.DE :
    * VOLTABOX SAID ON THURSDAY, EARNINGS IN 2020 BURDENED BY
MATERIAL
EXPENSES FOR DISCONTINUED TECHNOLOGIES - FUTURE FOCUS ON
INDUSTRIAL BUSINESS IN EUROPE
    * ‍DUE TO EXTRAORDINARY MATERIAL EXPENSES RESULTING FROM USE
OF
DISCONTINUED TECHNOLOGIES, EBITDA AS OF DECEMBER 31, 2020 TO BE
ABOUT EUR 16.1 MLN LOWER THAN SAID ON APRIL 27, 2021
    * ‍ORIGINALLY EXPECTED EBITDA OF EUR -8.1 MLN - NOW ADJUSTED
FOR
THESE COST OF MATERIALS - RESULTS IN AN UNADJUSTED EBITDA OF EUR
-24.2 MLN

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