Brief: Voltabox Not Expected To Reach Growth Targets For 2020 Due To Covid-19 Pandemic

Voltatron AG

27/03/2020 16:31

March 27 (Reuters) - Voltabox AG  VBX.DE :
    * NOT EXPECTED TO REACH GROWTH TARGETS FOR 2020 DUE TO
COVID-19
PANDEMIC; REDUCES FORECAST FOR THE CURRENT FISCAL YEAR
    * HAS THUS APPLIED FOR A SHORTER WORKING HOURS MODEL AND
WILL MAKE
EXTENSIVE STRUCTURAL ADJUSTMENTS TO COST BASE TO STABILIZE ITS
OPERATIONS.
    * IT WILL NOT BE POSSIBLE TO MAKE UP FOR REVENUE LOSSES
ALREADY
IDENTIFIED AND STILL EXPECTED IN FURTHER COURSE OF YEAR
RESULTING FROM SPREAD OF SARS-COV-2
    * UNABLE TO MAKE A RELIABLE REVENUE AND EARNINGS FORECAST
FOR
CURRENT YEAR AND HAS THUS REDUCED ITS FORECAST FOR 2020

Source text for Eikon:  ID:nEQs5MRVa 
Further company coverage:  VBX.DE 

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