Forecast for 2023 Fiscal Year Amended

EQS-Ad-hoc: Voltabox AG / Key word(s): Profit Warning
Forecast for 2023 Fiscal Year Amended

14-Nov-2023 / 19:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Forecast for 2023 Fiscal Year Amended

Paderborn, November 14, 2023 - The Management Board of Voltabox AG
("Voltabox" or the "Company"; ISIN DE000A2E4LE9) has adjusted the published
forecast for Group revenue and EBITDA (earnings before interest, tax,
depreciation and amortization) for the 2023 fiscal year as a result of a
compensation payment from a historical customer relationship and in view of
the continuing price erosion in the market for photovoltaic modules. The
Management Board withdraws its original forecast of Group revenue of EUR 12.8
million and now expects the Group to generate revenue of approximately EUR 11
million for the full year. The expected unadjusted EBITDA, which had been
forecast to break even, is now expected to be approximately EUR -1.0 million
and the EBITDA margin, which had previously been forecast to be 0%, is now
expected to be approximately -9.0%. EBITDA adjusted for the extraordinary
one-time effect of the compensation payment would amount to approximately EUR
-0.6 million, corresponding to an EBITDA margin of approximately -5.5%.

The compensation payment results from the fact that a former customer
received a commitment from Voltabox AG for the delivery of around 20 battery
systems to equip service vehicles for tunnel construction logistics. Due to
liquidity shortages at Voltabox at the time, the company was subsequently
unable to meet the delivery deadline. As part of an out-of-court settlement,
Voltabox has now agreed to pay compensation of EUR400,000. The new Voltabox
organization has since been able to stabilize the customer relationship.

In addition, the current negative price trend and the significantly
intensified competitive situation in the market for photovoltaic modules are
the main reasons for the operating loss and lower than expected revenues. As
a result of the aforementioned circumstances, Voltabox was not able to
realize the expected revenue volumes, in particular in the area of trading
activities with PV modules in the private customer business, as anticipated
at the time of the preparation of the forecast.

About Voltabox AG

Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market
(Prime Standard) of the Frankfurt Stock Exchange, is a technology driven
provider for e-mobility solutions in industrial applications. Its core
business lies in intrinsically safe, highly developed high-performance
lithium-ion battery systems that are modular and in serial production. The
battery systems are primarily used in agricultural and construction
machinery as well as in electric and hybrid-electric buses for public
transportation. In addition, Voltabox is active in the field of
infrastructural energy production and corresponding utilization models
through its subsidiary GreenCluster GmbH. For more information, visit
www.voltabox.ag.

Contact

Voltabox AG

Patrick Zabel (CEO)

Technologiepark 32

33100 Paderborn

Email: investor@voltabox.ag


End of Inside Information

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   Language:       English
   Company:        Voltabox AG
                   Technologiepark 32
                   33100 Paderborn
                   Germany
   Phone:          +49 (0)5250 9930 964
   E-mail:         info@voltabox.ag
   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:    1773409

End of Announcement EQS News Service
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1773409 14-Nov-2023 CET/CEST