DGAP-Adhoc : Voltabox Earnings in 2020 Burdened by Material Expenses for Discontinued Technologies - Future Focus on Industrial Business in Europe

DGAP-Ad-hoc: Voltabox AG / Key word(s): Profit Warning/Strategic Company Decision 
Voltabox Earnings in 2020 Burdened by Material Expenses for Discontinued Technologies - Future Focus on Industrial 
Business in Europe 
08-Jul-2021 / 19:24 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Voltabox Earnings in 2020 Burdened by Material Expenses for Discontinued Technologies - Future Focus on Industrial 
Business in Europe 
Delbrück, Germany, July 8, 2021 - Due to extraordinary material expenses resulting from the use of discontinued 
technologies, Voltabox AG [ISIN DE000A2E4LE9] will report its EBITDA in its consolidated financial statements as of 
December 31, 2020 to be approximately EUR 16.1 million lower than communicated on April 27, 2021. This effect is due to 
the utilization of old cell technologies below book value in the second half of 2020. Initially, these expenses were 
reported as impairment losses and were therefore not included in the EBITDA. The originally expected EBITDA of EUR -8.1 
million - now adjusted for these cost of materials - results in an unadjusted EBITDA of EUR -24.2 million. 
In order to further stabilize the earnings situation, the Management Board has also decided to initiate a sales process 
for the loss-making US subsidiary Voltabox of North America, Inc. and its subsidiary Voltabox of Texas, Inc. Voltabox 
will therefore focus on its industrial business in Europe in the future. The company is expected to license out its 
business with automotive customers completely and exclusively to paragon GmbH & Co. KGaA. 
 
About Voltabox AG 
Voltabox AG (ISIN DE000A2E4LE9), listed on the Regulated Market (Prime Standard) of Deutsche Börse AG in Frankfurt 
a.M., is a high performance and technology driven provider of electromobility solutions for industrial applications. 
Its core business is safe, sophisticated and high-performance lithium-ion battery system, which are manufactured 
modularly and in series. The battery systems are primarily used in buses for local passenger transport, agricultural 
and construction machinery, and forklifts. 
Voltabox currently maintains production facilities at its corporate headquarters in Delbrück (Germany) and in Austin 
(Texas, USA). 
Additional information about Voltabox can be found at www.voltabox.ag/en. 
Contact 
Voltabox AG 
Stefan Westemeyer 
Artegastrasse 1 
33129 Delbrück, Germany 
Tel.: [phone] 
Fax: [phone] 
Email: [e-mail] 
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08-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Voltabox AG 
              Artegastraße 1 
              33129 Delbrück 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.voltabox.ag 
ISIN:         DE000A2E4LE9 
WKN:          A2E4LE 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1216971 
 
End of Announcement  DGAP News Service 
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1216971 08-Jul-2021 CET/CEST

 
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July 08, 2021 13:24 ET (17:24 GMT)