08.05.2018 Voltabox AG  DE000A2E4LE9

DGAP-News: Voltabox Successfully Completes First Quarter and Confirms Forecast for 2018


 
DGAP-News: Voltabox AG / Key word(s): Interim Report Voltabox Successfully Completes First Quarter and Confirms Forecast for 2018 08.05.2018 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Voltabox Successfully Completes First Quarter and Confirms Forecast for 2018 - Group sales up 22.6 percent to EUR 5.1 million (prior year: EUR 4.1 million) - EBIT margin improves significantly to -15.2 percent (prior year: -28.0 percent) - Continued high equity ratio of 91.7 percent (December 31, 2017: 90.8 percent) - Cash and cash equivalents amounting to EUR 91.1 million are available for further acquisitions and growth investments (December 31, 2017: EUR 102.7 million) - Forecast for 2018 confirmed: further revenue growth of around 120 percent to around EUR 60 million, with an EBIT margin of around 10 percent Delbrück, Germany, May 8, 2018 - Today, Voltabox AG [ISIN DE000A2E4LE9] published its results for the first quarter of 2018 and confirmed its forecast for the current fiscal year. Voltabox AG generated revenue of EUR 5.1 million in the first quarter of 2018 (prior year: EUR 4.1 million) and thus grew 22.6 percent over the prior year. The excellent performance of the business with battery modules for use in forklifts and battery systems for use in trolleybuses was a key factor in the company's growth in the first quarter of 2018. This continued strong momentum was also evident in the acquisition of Concurrent Design, based in Austin, Texas. The acquisition of the engineering company with a well-established team of more than 20 employees will strengthen Voltabox's development capacities. The move should help Voltabox tap into the American market - particularly the mining market segment - in line with its ambitious growth targets. Moreover, the additional resources will allow for quicker processing of the high order backlog from the field of mining applications. Another significant development in the operational implementation of the growth strategy was the expansion of the specialized sales team for various applications. This allows Voltabox to gradually increase its sales opportunities for lithium-ion battery systems in particularly fast-growing sub-markets. "We are continuing to pursue our expansion strategy step by step," said Jürgen Pampel, CEO of Voltabox AG. "In doing so, we are gradually building up technological barriers to entry for competitors, and not just in the already occupied fast-growing markets. With this strategy, we are securing long-term high market shares and the desired profitability goals." Development costs capitalized were up as expected by 66.3 percent to EUR 1.3 million (prior year: EUR 0.8 million). The cost of materials decreased slightly by 6.4 percent to EUR 4.0 million (prior year: EUR 4.3 million). The material input ratio decreased accordingly to 79.7 percent (prior year: 104.4 percent). This results in a gross profit for the period under review of EUR 3.5 million (prior year: EUR 1.6 million), which constitutes a gross profit margin of 70.1 percent (prior year: 38.8 percent). Personnel costs increased by 71.2 percent to EUR 2.0 million (prior year: EUR 1.2 million), primarily as a result of new hires in connection with operational growth. The personnel expense ratio accordingly came to 40.0 percent (prior year: 28.7 percent). Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 96.7 percent to EUR 0.0 million (prior year: EUR -0.8 million), which constitutes an EBITDA margin of -0.5 percent (prior year: -18.5 percent). After increased depreciation and amortization totaling EUR 0.7 million (prior year: EUR 0.4 million), earnings before interest and taxes (EBIT) improved to EUR -0.8 million (prior year: EUR -1.2 million). Accounting for the increase in revenue, the EBIT margin increased to -15.2 percent (prior year: -28.0 percent). Given that net finance costs increased slightly to EUR 0.2 million (prior year: EUR 0.1 million) and income tax expenses were less year over year, at EUR 0.0 million (prior year: EUR 0.0 million), the Voltabox Group generated higher consolidated net income of EUR -0.9 million for the period under review (prior year: EUR -1.3 million). This corresponds to earnings per share of EUR -0.06. Noncurrent assets increased EUR 3.6 million to EUR 34.7 million (December 31, 2017: EUR 31.1 million). This gain is attributable to an increase in financial assets of EUR 2.6 million. This increase is attributable to the acquisition of Concurrent Design on March 27, which is initially being reported as an investment. Current assets decreased to EUR 133.2 million (December 31, 2017: EUR 139.6 million). While inventories rose EUR 2.7 million to EUR 6.9 million and trade receivables increased EUR 2.9 million to EUR 25.0 million due to expanded business activities, cash and cash equivalents decreased EUR 11.6 million to EUR 91.1 million. Voltabox AG's equity remained nearly unchanged at EUR 153.9 million (December 31, 2017: EUR 155.0 million). The equity ratio increased marginally to 91.7 percent due to the slightly lower balance sheet total (December 31, 2017: 90.8 percent). Cash flow from operating activities decreased significantly in the period under review to EUR -7.3 million (prior year: EUR 1.8 million). This is mainly due to the increase in trade receivables, which totaled EUR 2.5 million (prior year: EUR 1.6 million), the similarly significant increase in inventories to EUR 2.7 million (prior year: EUR 1.6 million) and the decrease in trade payables of EUR 1.7 million (prior year: increase of EUR 4.7 million). Cash flow from investment activity decreased in the period under review by EUR 2.5 million to EUR -4.1 million (prior year: EUR -1.6 million), which is mainly due to the investments in financial assets amounting to EUR 2.6 million. "With cash and cash equivalents of EUR 91.1 million, we are in an excellent position to realize our growth as planned," said Andres Klasing, CFO of Voltabox. "In addition to planned organic growth, we will continue to focus on specific acquisition targets. We are participating in promising negotiations and are optimistic that we will soon be able to make a new announcement as part of our M&A growth strategy." The Management Board confirms its forecast for the current year, as explained in detail in the Group management report for the 2017 fiscal year alongside the key assumptions upon which the forecast is based. Accordingly, in view of the positive order situation for 2018, the Management Board expects Voltabox to grow significantly more strongly than the market in its current market segments while increasing profitability. Group sales are expected to more than double in the current year, reaching around EUR 60 million. An EBIT margin of around 10 percent is expected. In addition to the intralogistics segment, mining will also be a major growth driver. The Management Board expects to see an investment volume of around EUR 13.4 million in the current year. Own work capitalized should amount to around 43 percent of the investment total for the current year. This forecast does not yet take into account several promising acquisitions of Voltabox AG that are currently in various project stages. The interim report and condensed consolidated financial statements from March 31, 2018, are available for download at http://ir.voltabox.ag/websites/voltabox/English/0/investor-relations.html. About Voltabox AG Voltabox is a high-growth e-mobility system provider for industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion batteries that are modular and in serial production. The battery systems are used in buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion batteries for selected mass market applications, such as high performance motorcycles. Voltabox has production sites at its headquarters in Delbrück, Germany, and in Austin, Texas, as well as a development site in Aachen, Germany. Additional information about Voltabox can be found at www.voltabox.ag/en/. Financial Press & Investor Relations Contact Voltabox AG Dr. Kai Holtmann Artegastraße 1 D-33129 Delbrueck Phone: +49 (0) 52 50 - 99 30-964 Fax: +49 (0) 52 50 - 99 30-901 E-Mail: [email protected] --------------------------------------------------------------------------- 08.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Voltabox AG Artegastraße 1 33129 Delbrück Germany Phone: +49 (0)5250 9930 964 Fax: +49 (0)5250 9930 901 E-mail: [email protected] 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 End of News DGAP News Service --------------------------------------------------------------------------- 683283 08.05.2018


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 27,27 66,91 56,62 18,14 3,49 2,50 11,00
EBITDA1,2 3,01 9,59 -14,39 -24,24 -3,70 -2,50 0,00
EBITDA-Marge3 11,04 14,33 -25,42 -133,63 -106,02 -100,00
EBIT1,4 0,58 5,61 -107,59 -38,47 -10,00 -6,00 0,00
EBIT-Marge5 2,13 8,38 -190,02 -212,07 -286,53 -240,00 0,00
Jahresüberschuss1 -0,24 2,58 -101,92 -37,05 -12,84 -6,80 0,00
Netto-Marge6 -0,88 3,86 -180,01 -204,24 -367,91 -272,00 0,00
Cashflow1,7 -14,97 -54,82 -10,89 3,75 -8,22 -4,50 0,00
Ergebnis je Aktie8 -0,02 0,16 -6,44 -2,34 -0,81 -0,23 -0,10
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Baker Tilly

INVESTOR-INFORMATIONEN
©boersengefluester.de
Voltabox
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2E4LE 1,115 Verkaufen 21,35
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,30 0,00 0,00 -1,02
KBV KCV KUV EV/EBITDA
55,60 - 6,12 -6,08
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 29.06.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 13.08.2024 16.11.2023 25.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-9,13% -30,83% -10,80% 71,72%
    
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