Voltabox forecasts growth to 115 Million euros

Voltabox continues to grow. According to preliminary figures, the German battery system manufacturer generated sales of 66.9 million euros in 2018. For the current financial year, it expects further revenue growth of around 60-70 percent (between 105 million and 115 million euros).

According to Voltabox, the forecast is based on a very good order situation.

The increasingly automated mass production of battery modules for use in forklifts and driverless transport vehicles has been decisive for the growth leap. In addition, battery systems for trolleybuses and, for the first time, a system for mine vehicles that was mass-produced contributed noticeably to sales.

German battery system manufacturer Voltabox

"We expect global market growth of around 12 percent in the submarkets we have served so far," says Jörg Dorbandt, COO of Voltabox AG. "Accordingly, Voltabox will again grow much faster than the market. In view of the good order situation, we are very confident that we will be able to continue our dynamic growth strategy profitably. We are increasingly moving our developments to serial production, which will also be visible in terms of reduced own work capitalized in 2018."

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Voltabox is now focusing specifically on the US intralogistics market. By mid-2019, the existing portfolio will be expanded to include products for the American market, which can be manufactured on existing automated systems.