Brief: Voltabox H1 EBITDA Down At 0.4 Million Euros

Voltatron AG

21/08/2019 06:04

Aug 21 (Reuters) - VOLTABOX AG  VBX.DE :
    * RECORDS JUMP IN REVENUES IN FIRST HALF OF YEAR AND IS
HEADING
FOR SUSTAINABLE RETURN TO PROFITABILITY IN 2020
    * H1 GROUP REVENUE INCREASES ABOUT 77 PERCENT TO EUR 32,1
MILLION
(PRIOR YEAR: EUR 18,1 MILLION)
    * H1 EBITDA REACHES EUR 0,4 MILLION (PRIOR YEAR: EUR 1,7
MILLION);
EBIT AT EUR -3,6 MILLION
    * SEES SUSTAINABLE RETURN TO PROFITABILITY IN 2020
    * EXPECTS TO SEE AN INVESTMENT VOLUME OF AROUND EUR 14
MILLION IN
CURRENT YEAR
    * WORK CAPITALIZED SHOULD AMOUNT TO ROUGHLY 57 % OF
INVESTMENT
TOTAL FOR CURRENT YEAR
    * SEES SIGNIFICANTLY IMPROVED OPERATING CASH FLOW FOR YEAR
AS A
WHOLE
    * FREE CASH FLOW FOR 2019 AS A WHOLE WILL BE IN A NEGATIVE
DOUBLE-DIGIT RANGE

Source text for Eikon:  ID:nEQRlXN8a 
Further company coverage:  VBX.DE 

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