In light of the expected change of its anchor shareholder and the extremely subdued economic forecast due to the coronavirus pandemic, Voltabox AG [ISIN DE000A2E4LE9] has undergone a comprehensive balance sheet adjustment. The value adjustments made for 2019 come to a total of € -100.6 million. In particular, they involve asset values, which are expected to presumably provide a lower contribution to revenue and earnings in the future than planned, due to significantly worsened business prospects. Among other factors, earnings were also impacted by an extraordinary write-down of assets relating to the U.S. subsidiary Voltabox of Texas, which has remained
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