Voltabox AG
ISIN: DE000A2E4LE9
WKN: A2E4LE
19 August 2024 02:59PM

EQS-News: Voltabox Reaches Key Refinancing Milestone for 2024 with Capital Increase

Voltabox AG · ISIN: DE000A2E4LE9 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1970679

EQS-News: Voltabox AG / Key word(s): Financing
Voltabox Reaches Key Refinancing Milestone for 2024 with Capital Increase

19.08.2024 / 14:59 CET/CEST
The issuer is solely responsible for the content of this announcement.


Voltabox Reaches Key Refinancing Milestone for 2024 with Capital Increase

  • Capital increase successfully completed – Triathlon Holding GmbH acquires all new shares and increases shareholding to almost 50%
  • Preservation and future use of the existing tax loss carry-forward secured
  • Significant parts of the Company's refinancing and cost reduction plan already implemented – Comprehensive concept for utilizing the loss carry-forward currently being developed together with Triathlon Group and Sunlight Group

Paderborn, Germany, August 19, 2024 – Voltabox ["Voltabox" or the "Company"; ISIN DE000A2E4LE9] has successfully completed the capital increase from authorized capital, which was resolved on August 13, 2024, thereby stabilizing the Company’s equity. This capital measure is an important part of the Company's 2024 financing agenda. As the sole subscriber of the new shares, Triathlon Holding GmbH has further strengthened its position as the main anchor shareholder of Voltabox AG. Triathlon now holds almost 50% of the share capital. At the same time, the Management Board has ensured that the existing substantial loss carry-forward will be maintained and thus secured in the long term. Earlier this year, Voltabox has successfully completed a debt financing round with Triathlon Holding.

All 1,914,824 new shares were issued at a price of € 1.38 per new share (the "Placement Price"). Based on the dutiful assessment of the Management Board, the Placement Price is therefore not significantly lower than the stock market price pursuant to Section 186 (3) sentence 4 of the German Stock Corporation Act (AktG).

Patrick Zabel, CEO of Voltabox AG, said: "Voltabox AG’s loss carry-forward currently represents a significant portion of the Company's value. The new ownership structure now ensures that the loss carry-forward can be used in the future, while the capital increase has significantly strengthened Voltabox's equity".

The support of Triathlon Holding as a strategic anchor shareholder, through the full acquisition of the new shares, combined with the implemented structure to preserve the loss carry-forward, is the result of a coordinated overall concept. Voltabox has thus completed key parts of its 2024 refinancing agenda.

In order to maintain the loss carry-forward, the shares held by a single shareholder may not reach the threshold of 50% of the Company's share capital. The accumulated balance sheet loss then remains a significant element of the Company's value, regardless of the Company's operational performance.

"This path now taken represents the best possible solution for the Voltabox Group and its shareholders to secure refinancing and increase liquidity while securing a valuable asset," emphasizes Patrick Zabel.

Voltabox aims to further stabilize its cost structure in the short term. Synergies realized within the Group structure of Triathlon as well as Sunlight as the parent company have already led to a significant reduction in ongoing expenses. The next step is to finalize a concept for utilizing the loss carry-forward valued at approximately € 100 million. Both the Management Board and the Supervisory Board are actively involved in developing a strategic roadmap with the related Group. The declared goal is to ensure, within the framework of a sustainable concept, the careful and responsible realization of the tax-deductible losses carried forward.

 

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

 



19.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 1970679

 
End of News EQS News Service

1970679  19.08.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 66,91 56,62 18,14 3,49 2,98 10,63 12,00
EBITDA1,2 9,59 -14,39 -24,24 -3,70 -2,30 -2,50 -0,90
EBITDA-Margin3 14,33 -25,42 -133,63 -106,02 -77,18 -23,52 -7,50
EBIT1,4 5,61 -107,59 -38,47 -10,00 -3,90 -2,75 -1,25
EBIT-Margin5 8,38 -190,02 -212,07 -286,53 -130,87 -25,87 -10,42
Net Profit (Loss)1 2,58 -101,92 -37,05 -12,84 -3,96 -3,28 -1,60
Net-Margin6 3,86 -180,01 -204,25 -367,91 -132,89 -30,86 -13,33
Cashflow1,7 -54,82 -10,89 3,75 -8,22 -2,10 1,38 0,00
Earnings per share8 0,16 -6,44 -2,34 -0,81 -0,23 -0,17 -0,08
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Rödl & Partner

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Voltabox
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2E4LE DE000A2E4LE9 AG 21,91 Mio € 13.10.2017 9F3CPQ28+PM
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-104,00 0,00 0,00 -1,06 -14,66 15,91 2,06
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
27.08.2024 15.05.2024 13.08.2024 14.11.2024 30.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-5,45%
1,04 €
ATH 33,70 €
-10,42% -8,61% -16,80% -15,10% -95,67%

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