Brief: Voltabox Now Expects FY Revenues Of EUR 2.5 Mln

Voltatron AG

05/10/2021 16:34

Oct 5 (Reuters) - VOLTABOX AG  VBX.DE :
    * VOLTABOX FINALIZES SALE OF US BUSINESS AND ADJUSTS
FORECAST
    * PURCHASE PRICE AMOUNTS TO A MID-SINGLE-DIGIT MILLION EURO
SUM
    * AS A RESULT OF SALE OF US BUSINESS AND ANNOUNCED TRANSFER
OF
AUTOMOTIVE BUSINESS TO PARAGON GMBH & CO. KGAA, MANAGEMENT BOARD
OF VOLTABOX AG HAS ADJUSTED FORECAST FOR CURRENT FISCAL YEAR
    * EXPECTS FULL-YEAR REVENUES OF EUR 2.5 MILLION FOR
INDUSTRIAL
BUSINESS REMAINING AFTER ALL TRANSACTIONS
    * IS CURRENTLY UNABLE TO ADEQUATELY ESTIMATE EFFECTS ON
EARNINGS
AND THEREFORE DISCONTINUES ITS EBITDA FORECAST UNTIL FURTHER
NOTICE
    * FREE CASH FLOW WILL NOW BE CLEARLY POSITIVE BUT CANNOT BE
QUANTIFIED CONCLUSIVELY AT PRESENT TIME EITHER
    * ANTICIPATED PROCEEDS WILL BE USED IN FULL TO REDUCE
LIABILITIES

Source text for Eikon:  ID:nEQJpw4ba 
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