Voltabox will not be able to reach its corporate objectives for the 2020 fiscal year due to the COVID-19 pandemic. Increasing order cancellations and a noticeable decline in customer orders, as well as the obstruction of supply chains for important electronic and housing components as a consequence of the current restrictions, have resulted in a significant deterioration in the short-term business prospects for Voltabox. It is currently not possible to supply international end customers with battery systems, especially for public transport in Central and Southern European countries, due to the local emergency restrictions. The company has therefore applied for government-subsidized short-time work in production, and proportionately also in development and administration, and will make extensive structural adjustments to stabilize its operations. The Management Board is of the opinion that it is not possible to make up for the revenue losses already identified and expected in the further course of the year - even if the overall economic situation quickly returns to normal - and that Voltabox therefore cannot achieve the projected results for the 2020 fiscal year. Due to the situation, which is changing daily, and the considerable uncertainty about the duration and consequences of the pandemic, the Management Board is currently unable to make a reliable revenue and earnings forecast for the current year and has thus reduced its forecast for 2020.