Voltabox AG Announces Sales Results for the Year 2017; Provides Earnings Guidance for the Year 2017
The company provided earnings guidance for the year 2017. For the period the company expects a further leap in revenue of around 120% to approximately EUR 60 million in the current fiscal year. In addition, company is targeting an EBIT margin of about 10%. The increasingly automated mass production of battery modules for use in forklifts and automated guided vehicles was a decisive factor in the 90% jump in growth. The management Board is reaffirming its previous revenue target of approximately EUR 100 million for the fiscal year 2019.