Voltabox: Doubts about the prognosis

Voltabox published figures for the first half of the year before the weekend. The supplier’s turnover declined by 70.5 percent to 9.5 million euros (previous year: 32.1 million euros). The EBITDA decreased from +0.4 million euros to -10.7 million euros. There are impairments and depreciation of 11.3 million euros. The EBIT is therefore at -21.9 million euros. That is a new minus record.

For the year as a whole, the company continues to expect sales of EUR 25 million to EUR 45 million. The EBITDA margin should be a maximum of -6 percent. At least the EBITDA forecast seems difficult to achieve. Even with a balanced result in the second half of the year, the margin would be -23.8 percent if the upper end of the sales range is realized.

For the analysts at FMR there is currently no reliable basis for a recommendation due to the current corporate development and the available information. Accordingly, the rating of the Voltabox share is still “under observation”. Previously there had been a stop recommendation. The same applies to the share price target. This is also currently suspended.

Voltabox shares gain 1.3 percent in the morning to 3.425 euros.


Related Articles

Back to top button