Brief: Voltabox Expects Cumulative Loss Due To Sold U.S. Business

Voltatron AG

12/10/2021 11:14

Oct 12 (Reuters) - VOLTABOX AG  VBX.DE :
    * MANAGEMENT BOARD OF EXPECTS THAT, BASED ON CURRENT STATUS
OF
PREPARATION OF FINANCIAL STATEMENTS FOR Q3, IT MUST BE ASSUMED
ACCORDING TO ITS BEST JUDGMENT, THAT A CUMULATIVE LOSS OF MORE
THAN HALF OF NOMINAL SHARE CAPITAL OF COMPANY HAS BEEN INCURRED
    * LOSS IS MAINLY ATTRIBUTABLE TO EXTRAORDINARY WRITE-DOWN ON
INVESTMENT VALUE OF RECENTLY SOLD US BUSINESS INCLUDING NORTH
AMERICAN SUBSIDIARIES
    * EXPECTED LOSS SITUATION TO BE CURED IMMEDIATELY BY PLANNED
SALE
OF AUTOMOTIVE BUSINESS AND GRANTING OF A FURTHER LICENSE IN
INDUSTRIAL BUSINESS

Source text for Eikon:  ID:nEQ5lb7F5a 
Further company coverage:  VBX.DE 

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