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2019/08/21 - Voltabox records jump in revenues first half of year and is heading for sustainable return to profitability in 2020

  • Group revenue increases about 77 percent to € 32,1 million (prior year: € 18,1 million)
  • Good operating business development with battery systems for forklifts and battery packs in pedelecs and e-bikes
  • EBITDA reaches € 0,4 million (prior year: € 1,7 million); EBIT at € -3,6 million
  • Revenue and profit forecast for 2019 already lowered on August 12 due to temporary effects
  • Cost-reduction program and stronger focus on high-margin areas initiated

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2019/07/02 - Voltabox Places Leadership on a Broader Footing

Voltabox  AG  [ISIN  DE000A2E4LE9]  is  expanding  its leadership  team.  

The  company  has  appointed  divisional  directors  for  Production  and 
Finance. COO Jörg Dorbandt is leaving the Management Board by best mutual agreement.

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2019/05/13 - Voltabox affirms forecast for the year as a whole

Voltabox AG (ISIN DE000A2E4LE9) published its results for the first quarter of 2019 today and affirmed its forecast for the current fiscal year.

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2019/05/06 - Voltabox AG: Publication in Accordance With Section 109 (2)(1) of the German Securities Trading Act (WpHG)

The German Financial Reporting Enforcement Panel (FREP) has determined that the consolidated financial statements as of the balance sheet date December 31, 2017 of Voltabox AG, Delbrück, are erroneous.

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2019/03/07 - Voltabox Forecasts Another Jump in Growth to € 105 to 115 Million

  • Recently raised revenue targets reached even without the planned acquisition of a U.S. competitor
  • Preliminary Group sales up by about 145 percent to € 66.9 million (prior year: € 27.3 million)
  • EBIT margin of about 8.8 percent significantly above the forecast despite burden as a result of a new contract with an intralogistics partner
  • Leap in revenue to € 105 to 115 million planned along with an EBIT margin between 8 and 9 percent
  • For the first time also significant revenue with battery packs for pedelecs and e-bikes
  • Significant improvement of free cash flow expected

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2019/02/18 - Voltabox AG presents its own Li-Ion-based replacement battery system for the first time at LogiMAT 2019 and starts forward-looking cooperation

Voltabox AG is represented for the first time at LogiMAT 2019 in Stuttgart with its own booth. The system provider for electric mobility shows its growing solution portfolio in the field of lithium-ion battery systems for industrial trucks at the leading international trade fair for the intralogistics industry from 19 to 21 February 2019 - including for the first time the completely internally developed system for use in forklift trucks. Furthermore, the fair marks the start of a groundbreaking cooperation between Voltabox and ForkOn, a manufacturer-independent supplier of an innovative fleet management system. Both companies will jointly introduce their partnership at the Voltabox booth B65 in hall 10.

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2019/01/30 - Voltabox Receives Another Major Order for Trolleybus Battery Systems

  • Kiepe Electric commissions Voltabox with the delivery of 80 modular battery systems
  • Standardization enables usage in different types of trolleybuses
  • Initial use in four cities in Switzerland and Italy
  • Project revenue in the mid-single-digit million range – delivery to begin in summer 2019

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2018/12/17 - Voltabox represented at the leading international trade fair CES for the first time – with a focus on e-mobility mass markets

  • Presentation of especially high-performance and lightweight starter batteries for use in premium motorcycles and motorsports
  • New smartphone app for monitoring live data and actively adjusting the performance parameters of the starter batteries
  • Lithium-ion battery packs for intelligent, in-frame pedelec and e-bike applications from Voltabox
  • Shared booth with parent company paragon

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2018/11/29 - Composition of the Voltabox Board of Management to be adapted to dynamic business development

  • Supervisory Board appoints Jörg Dorbandt as new Chief Operating Officer (COO)
  • Andres Klasing (CFO) leaves the Management Board

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2018/11/14 - Voltabox withdraws from purchase of Navitas

  • Expected approval by US CFIUS Committee not yet received
  • Forecast for full year remains unchanged

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2018/11/13 - Voltabox Doubles Revenue in First Nine Months of the Year With Increasing Profitability – Forecast for the Year as a Whole Confirmed

  • Group sales double to € 33.5 million
  • Increasing market penetration in intralogistics results in high level of utilization
  • EBITDA grows from € -0.3 million in the prior year to € 4.9 million
  • EBIT increases to € 2.3 million; EBIT margin improves considerably to 7.0 percent
  • Number of employees doubles to 193 in the first nine months of the year
  • Forecast for 2018 confirmed: revenue of € 65–70 million with an EBIT margin of about 7 percent

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2018/10/16 - Voltabox Approves Two-part Execution of Navitas Acquisition

  • Commercial business activities that focus on intralogistics will be acquired soon
  • Public sector business activities will be acquired in a second phase
  • Commercial business is expected to make up 80 percent of the total purchase price
  • In connection with the proposed contract amendment, the total purchase price will be reduced to the equivalent of about € 35.7 million (US$ 41.5 million)

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2018/09/20 - Voltabox Acquires ACCURATE, the Leading Manufacturer of Battery Systems for Pedelecs

  • Voltabox acquires all shares in ACCURATE Smart Battery Systems GmbH for a purchase price of € 5 million
  • Implementation of entry into select mass markets for battery systems, as announced during the IPO
  • ACCURATE primarily manufactures battery systems for pedelecs (pedal electric cycles) – production for many further fields of application possible in the future
  • Strengthening of the Voltaforce operating segment and concentration of segment activities on the new site in the Stuttgart region

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2018/09/13 - Voltabox Presents New Applications for Electric Commercial Vehicles at the IAA in Hanover, Germany

  • The Voltabox product portfolio is rapidly penetrating the booming commercial vehicles market – premiere of an electric pump unit for milk collection technology of the Schwarte Group
  • Electronic wheel loader from Schäffer for use in the agriculture and farming on display at the Voltabox booth
  • Lithium-ion starter battery is ready for use in commercial vehicles
  • Presentation of a lithium-ion battery module based on pouch cells
  • Press conference on September 20, at 11.15 a.m. at the Voltabox booth

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2018/08/21 - In the first half of the year Voltabox expands growth base and raises its revenue forecast for the full year

  • Group sales up 71 percent to € 18.1 million (prior year: € 10.6 million)
  • EBITDA grows from € 0.2 million in the prior year to € 1.7 million
  • EBIT increases to € 0.1 million (prior year: € -0.7 million), EBIT margin improves significantly to 0.6 percent (prior year: -7.1 percent)
  • Continued high equity ratio of 91.5 percent (December 31, 2017: 90.8 percent)
  • Number of employees increased by 45 in the first half of the year to 144
  • Forecast for 2018 updated as a result of the acquisition of Navitas Systems and the restructuring of the agreement with Triathlon: Revenue of € 65–70 million with an EBIT margin of about 7 percent

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2018/06/29 - Voltabox is to take over the North American market leader for lithium-ion battery systems in the intralogistics segment and to enter into the production of battery cells

  • Purchase of a 100 percent stake in Navitas Systems for US$ 43 million resolved
  • Major step on the path to becoming the world market leader for lithium-ion battery systems in intralogistics
  • Access to broad customer base, including many Fortune 500 companies
  • Navitas utilizes a fully automated system from the German manufacturer MANZ for the production of highly specialized lithium battery cells
  • Navitas’ Research & Development group is at the forefront of several advanced lithium and “beyond-lithium” battery developments
  • In the future, Voltabox is able to cover every stage of the e-mobility value chain, from cells to electrical drives
  • This acquisition is still subject to the approval of the American authorities

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2018/06/19 - Voltabox Initiates New Market Strategy in Intralogistics – First Distributors and End Customers Acquired After Entrance Into Direct Sales

  • Direct market access of intralogistics applications as additional sales channel for Voltabox
  • Voltabox’s established cooperation with Triathlon Batterien to continue
  • Accelerated expansion of competitive position in lithium-ion battery systems for intralogistics applications
  • Partnership with high-profile industrial truck distributor is first success of own sales activities

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2018/05/08 - Voltabox Successfully Completes First Quarter and Confirms Forecast for 2018

  • Group sales up 22.6 percent to € 5.1 million (prior year: € 4.1 million)
  • EBIT margin improves significantly to -15.2 percent (prior year: -28.0 percent)
  • Continued high equity ratio of 91.7 percent (December 31, 2017: 90.8 percent)
  • Cash and cash equivalents amounting to € 91.1 million are available for further acquisitions and growth investments (December 31, 2017: € 102.7 million)
  • Forecast for 2018 confirmed: further revenue growth of around 120 percent to around € 60 million, with an EBIT margin of around 10 percent

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2018/05/03 - Voltabox receives first order for new LTO high-performance battery system in the USA

  • Voltabox equipping smart trolleybus fleet of Greater Dayton Regional Transit Authority in Dayton (Ohio)
  • Joint testing in a three-year pilot phase has proven the significant technological advantages
  • Voltabox will initially supply 26 LTO battery systems, with a total order volume of 75 systems
  • Project revenue in the mid-single-digit million range
  • Initial deliveries planned for the current fiscal year

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2018/04/04 - Voltabox takes first step of M&A growth strategy with acquisition of engineering services provider Concurrent Design

  • Complete acquisition of the U.S. engineering services provider Concurrent Design, Inc. with more than 20 highly skilled employees
  • The acquisition significantly increases development capacities and supports Voltabox’s dynamic growth strategy in the North American market
  • The takeover represents the first step of the clear M&A growth strategy; further acquisitions are being planned

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2018/03/13 - Voltabox experiences impressive growth in the year of its IPO and achieves profitability as announced

  • Group sales up 88.2 percent to € 27.3 million (prior year: € 14.5 million)
  • Growth driven by battery systems for intralogistics, first revenues from starter batteries in Voltaforce operating segment
  • EBIT above expectations at € 0.6 million (prior year: € -3.7 million)
  • Equity ratio increased to 90.8 percent as of the reporting date (December 31, 2016: 14.0 percent)
  • Forecast for 2018: Further increase in sales to around € 60 million, with an EBIT margin of around 10.0 percent

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2018/01/29 - 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 € 27 million in 2017 (prior year: € 14.5 million)
  • Slightly positive operating result for the year as a whole confirmed
  • Revenue increase of approximately 120 percent to about € 60 million planned for the current year
  • Planned EBIT margin of around 10 percent
  • Cumulative order backlog through 2022 exceeds one-billion-euro mark

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2017/12/18 - Voltabox recieves large order to equip trolley buses

  • Kiepe Electric orders another 20 lithium-ion battery systems
  • Used in modern double articulated E-buses in Linz, Austria
  • First deliveries in early 2018 already

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2017/12/06 - SolarCar from Bochum University of Applied Sciences Wins Second Place in World Solar Challenge With High-performance Voltabox Battery

  • High-performance battery provides 600 km range without solar cells
  • Bochum University of Applied Sciences’ cutting-edge electric vehicle takes second place
    at the World Solar Challenge
  • 3,000 km race in Australia
  • Achieved fastest lap in qualifying round at the Hidden Valley race track in Australia

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2017/11/22 - Voltabox and Schäffer: Two Strong Partners for Emobility in Agriculture and Construction

  • Voltabox AG and Schäffer Maschinenfabrik GmbH agree on close cooperation
  • Schäffer is a leading provider of compact loaders, wheel loaders and teleloaders
  • First series production order for new Voltabox market segment agriculture and construction
  • Voltabox AG develops intelligent battery systems for various types of vehicles 
  • World premiere at Agritechnica 2017 in Hanover 

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2017/09/04 - paragon Subsidiary Voltabox Receives New Major Order for Trolleybus Equipment

  • Kiepe Electric places a follow-up order to equip another 185 trolleybuses in San Francisco
  • Latest lithium-ion battery systems based on proven lithium-iron-phosphate technology (LFP)
  • First delivery at the beginning of 2018

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2017/08/28 - Voltabox Appoints Jürgen Pampel as CEO

  • paragon CEO Klaus Dieter Frers transfers to the Supervisory Board
  • Andres Klasing takes over responsibility for the finance department

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2017/03/30 - paragon Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery Modules

  • Major client issues order for total energy content of 10 megawatt hours (MWh)
  • Traction batteries based on proven lithium-nickel-manganese-cobalt-oxide technology (NMC)
  • Production on new, highly automated assembly line at Delbrück site
  • Delivery in current fiscal year

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2017/03/27 - paragon AG once again grows faster than the market in 2016 and targets further acceleration

  • Consolidated revenue breaks € 100 million mark at € 103 million
  • Electromobility revenue doubles to nearly € 14 million
  • EBITDA leaps to € 16 million; EBIT margin rises to 9 percent
  • Equity ratio at 30 percent due to capital increase (prior year: 21 percent)
  • Forecast for 2017: Revenue of € 120 to 125 million – with an EBIT margin of 9.0 to 9.5 percent and € 27 million in investments

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2016/10/28 - Congratulations! Mitch Medford and his Zombie 222 Mustang on setting a new World Speed Record powered by Voltabox Li-Ion Battery System

  • Location: Texas Mile
  • Date: October 28, 2016
  • New World Record: 178mph
  • Next challenge: 200mph

2016/10/19 - paragon AG Supports KUKA with Voltabox Batteries for Automated Guided Vehicles

  • paragon subsidiary Voltabox GmbH and KUKA Roboter GmbH agree on long-term framework agreement
  • Use of products possible in several areas (e.g. automotive industry)
  • Voltabox to deliver first 96V batteries in the first quarter of 2017

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2016/08/16 - paragon AG grows significantly faster than the market in the first six months thanks to electromobility

  • Consolidated revenue up by 9.4% to € 48.8 million (prior year: € 44.6 million).
  • With a contribution of € 4.5 million, electromobility subsidiary Voltabox now accounts for 9.3% of consolidated revenue (prior year: € 1.3 million with a 3.0% share of revenue)
  • EBITDA increases slightly to € 6.8 million (prior year: € 6.7 million).
  • EBIT margin of 7.2% (prior year: 8.6%)
  • Wachstumstreiber für die paragon AG
  • Revenue and earnings forecast for the current fiscal year confirmed

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2016/06/28 - paragon AG opens up new market segment for Voltabox subsidiary via strategic partnership with leading mining equipment and services provider

  • Exclusive strategic partnership with leading mining equipment and services provider Joy Global Inc.
  • Voltabox of Texas, Inc. to develop smart battery systems for various mining equipment
  • First deliveries of complex battery systems planned for fiscal year 2017
  • Global trend towards climate-friendly electromobility now top growth driver at paragon AG

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2015/12/03 - paragon forecasts further revenue and EBIT growth for 1016

  • Consolidated Group revenue to grow by around 8% and cross the € 100 million mark
  • EBIT margin of approx. 9% expected
  • Electromobility as key growth driver
  • lnternationalization: battery systems in the US and air quality in China
  • Highpoint of investment phase now passed
  • Further jump in revenue signaled for 2017

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2015/11/05 - paragon opens first plant in China

  • Opening ceremony with many politicians, local business Ieaders, and customers as guests
  • Launch of production at German lndustrial Park in Kunshan
  • Air Quality Sensor AQS first product to roll oft assembly lin
  • From 2016 battery systems also to be assembled for the Chinese market
  • Synergy effects from proprietary Iithium ion battery cells expected in future

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2015/08/20 - paragon Group with jump in revenue and earnings in first half of 2015

  • Half-year revenue rises year-on-year by 18.2% to € 44.6 million
  • EBIT margin more than doubles to 8.60/o
  • Substantial increase in operating cash flow to € 8.0 million (previous year: € 0.1 million)
  • Large-scale serial order worth € 72 million acquired for starter batteries
  • Impressive confirmation of revenue and earnings forecast for 2015

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