Voltabox Aims to More Than Double Its Revenue in 2018

- Revenue and earnings targets for 2017 achieved according to preliminary figures

- Group sales increased by around 90 percent to EUR 27 million in 2017 (prior year: EUR 14.5 million)

- Slightly positive operating result for the year as a whole confirmed

- Revenue increase of approximately 120 percent to about EUR 60 million planned for the current year

- Planned EBIT margin of around 10 percent

- Cumulative order backlog through 2022 exceeds one-billion-euro mark

Delbrück, Germany, January 29, 2018 - Voltabox AG (ISIN DE000A2E4LE9) expects a further leap in revenue of around 120 percent to approximately EUR 60 million in the current fiscal year. In addition, Voltabox is targeting an EBIT margin of about 10 percent. The forecast is based on the very good order situation. As of the beginning of the year, the cumulative order backlog through 2022 exceeded one billion euros. According to preliminary, unaudited figures, the company achieved its revenue and earnings targets that were forecast prior to the IPO in the fiscal year 2017.

These figures show that the specialist for lithium-ion battery systems in industrial applications generated Group sales of over EUR 27 million (prior year: EUR 14.5 million) with a slightly positive Group EBIT in the 2017 fiscal year. Of the over EUR 27 million in revenues, around EUR 2 million are attributable to revenues with the parent company paragon AG. The increasingly automated mass production of battery modules for use in forklifts and automated guided vehicles was a decisive factor in the 90 percent jump in growth.

Alongside the battery systems for trolley buses, starter batteries for motorcycles also contributed to revenue for the first time. Additionally, the scheduled series delivery of large battery systems for use in mining vehicles started in the past fiscal year.

"We are now occupying leading market positions in the market segments we serve," says Jürgen Pampel, CEO of Voltabox AG. "The industry's interest in working with Voltabox is overwhelming. We are benefiting above all from the consistent modularization and scalability of the individual components, including the software for battery management - the brain of our battery systems."

"We expect global market growth of around 11 percent in the submarkets we serve," adds Andres Klasing, CFO of Voltabox AG. "Voltabox, however, will grow much faster than the market. Given the robust order backlog exceeding, for the first time, EUR 1 billion, we are very confident that we will be able to continue our growth course with increasing profitability."

In the current fiscal year, the Management Board is aiming for revenue growth of approximately 120 percent to about EUR 60 million, with an EBIT margin of around 10 percent. The intralogistics and mining vehicle market segments will be the main growth drivers here. The Management Board is reaffirming its previous revenue target of approximately EUR 100 million for the fiscal year 2019.

This forecast does not yet take into account several acquisitions that are currently in the pipeline. The complete, audited consolidated financial statements and the company's annual report are expected to be published on March 13, 2018. Further information about Voltabox AG is available at www.ir.voltabox.ag.

About Voltabox AG

Voltabox is a high-growth e-mobility system provider for industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion batteries that are modular and in serial production. The battery systems are used in buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion batteries for selected mass market applications, such as high performance motorcycles. Voltabox has production sites at its headquarters in Delbrück, Germany, and in Austin, Texas, as well as a development site in Aachen, Germany. Additional information about Voltabox can be found at www.voltabox.ag/en/.

Financial Press & Investor Relations Contact

Voltabox AG

Dr. Kai Holtmann
Artegastraße 1
D-33129 Delbrueck
Phone: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901
E-Mail: kai.holtmann@voltabox.ag