Voltabox AG reported earnings results for the third quarter and nine months of 2018. For the quarter, the company achieved revenue of EUR 15.4 million in the third quarter.

In the period from January to September, Voltabox generated revenue of EUR 33.5 million and thus grew by 105% over the prior year (EUR 16.3 million). The EBIT margin also increased very strongly year-over-year and amounted to 7.0% for the first nine months of the year (prior year: -10.7%). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose considerably to EUR 4.9 million (prior year: EUR -0.3 million), which corresponds to an EBITDA margin of 14.8 % (prior year: -1.5 %). After an expected increase in depreciation and amortization totaling EUR 2.6 million (prior year: EUR 1.5 million), earnings before interest and taxes (EBIT) improved to EUR 2.3 million (prior year: EUR -1.8 million). Accounting for the considerable increase in revenue, the EBIT margin rose clearly to 7.0 % (prior year: -10.7 %). Given that net finance costs improved slightly to EUR -0.4 million (prior year: EUR -0.5 million) while income tax expenses amounted to EUR 0.1 million (prior year: EUR 0.7 million in income, mainly due to the change in deferred tax assets), in the period under review consolidated net income increased to EUR 1.8 million (prior year: EUR -1.5 million). This corresponds to earnings per share of EUR 0.11.

In view of the positive order situation, the Management Board expects that Voltabox will experience growth in its existing market segments that clearly outstrips the rest of the market, along with increasing profitability. In addition to intralogistics, the trolleybus and agricultural and construction market segments will be key growth drivers. The revenue forecast of EUR 65 million to EUR 70 million for fiscal year 2018 is confirmed, as is the outlook for operating profitability. However, the strategically important restructuring of the partnership with Triathlon in order to hedge the market leadership that the company seeks in the intralogistics growth market is burdening EBIT in the current fiscal year by about EUR 2 million. An EBIT margin of around 7 % is therefore envisaged for the year as a whole, as was indicated in the half-year report. 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 % of the investment total for the current year.