New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m (zł75k revenue, or US$20k). Market cap is less than US$10m (zł13.7m market cap, or US$3.73m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • May 13
VOOLT Spólka Akcyjna, Annual General Meeting, Jun 10, 2026 VOOLT Spólka Akcyjna, Annual General Meeting, Jun 10, 2026, at 14:00 Central European Standard Time. New Risk • Feb 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (zł75k revenue, or US$21k). Market cap is less than US$10m (zł23.9m market cap, or US$6.70m). Reported Earnings • Nov 18
Third quarter 2025 earnings released Third quarter 2025 results: Net loss: zł59.8k (loss narrowed 77% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 12
VOOLT Spólka Akcyjna to Report Q3, 2025 Results on Nov 14, 2025 VOOLT Spólka Akcyjna announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • May 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m (zł56k revenue, or US$15k). Minor Risk Market cap is less than US$100m (zł38.7m market cap, or US$10.3m). Announcement • May 21
VOOLT Spólka Akcyjna, Annual General Meeting, Jun 17, 2025 VOOLT Spólka Akcyjna, Annual General Meeting, Jun 17, 2025. Reported Earnings • Mar 23
Full year 2024 earnings released Full year 2024 results: Net loss: zł683.2k (loss narrowed 11% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 70% per year over the past 5 years. Revenue is less than US$1m (zł96k revenue, or US$23k). Market cap is less than US$10m (zł19.2m market cap, or US$4.66m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Nov 18
Third quarter 2024 earnings released Third quarter 2024 results: Net loss: zł260.2k (loss widened 54% from 3Q 2023). Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Net loss: zł103.4k (loss narrowed 41% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jun 05
VOOLT Spólka Akcyjna, Annual General Meeting, Jun 28, 2024 VOOLT Spólka Akcyjna, Annual General Meeting, Jun 28, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Net loss: zł172.7k (loss widened 13% from 1Q 2023). Buy Or Sell Opportunity • May 10
Now 21% undervalued Over the last 90 days, the stock has risen 68% to zł2.34. The fair value is estimated to be zł2.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 88% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m (zł115k revenue, or US$28k). Market cap is less than US$10m (zł18.9m market cap, or US$4.68m). Buy Or Sell Opportunity • Apr 18
Now 21% undervalued Over the last 90 days, the stock has risen 93% to zł2.33. The fair value is estimated to be zł2.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 88% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 26
Full year 2023 earnings released Full year 2023 results: Net loss: zł769.3k (loss narrowed 51% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Feb 10
VOOLT Spólka Akcyjna to Report Fiscal Year 2023 Final Results on Mar 20, 2024 VOOLT Spólka Akcyjna announced that they will report fiscal year 2023 final results on Mar 20, 2024 Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: zł168.4k (loss widened 65% from 3Q 2022). New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m (zł95k revenue, or US$22k). Market cap is less than US$10m (zł11.8m market cap, or US$2.71m). Reported Earnings • Aug 13
Second quarter 2023 earnings released Second quarter 2023 results: Net loss: zł176.1k (loss narrowed 81% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 19
Full year 2022 earnings released: zł0.23 loss per share (vs zł0.052 profit in FY 2021) Full year 2022 results: zł0.23 loss per share (down from zł0.052 profit in FY 2021). Revenue: zł624.3k (down 94% from FY 2021). Net loss: zł1.93m (down zł2.36m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jun 02
VOOLT Spólka Akcyjna, Annual General Meeting, Jun 27, 2022 VOOLT Spólka Akcyjna, Annual General Meeting, Jun 27, 2022, at 15:00 Central European Standard Time. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: zł9.00m (flat on FY 2020). Net loss: zł73.9k (down 119% from profit in FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Aug 20
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł4.93m (up 247% from 2Q 2020). Net income: zł139.3k (up zł136.0k from 2Q 2020). Profit margin: 2.8% (up from 0.2% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • Jun 09
Marshall Nordic Limited agreed to acquire 90% stake in CAC PV sp. z o.o. from Novavis Spólka Akcyjna (WSE:NVV) for PLN 1.6 million. Marshall Nordic Limited agreed to acquire 90% stake in CAC PV sp. z o.o. from Novavis Spólka Akcyjna (WSE:NVV) for PLN 1.6 million on June 8, 2021. Reported Earnings • Feb 15
Full year 2020 earnings released: EPS zł0.091 (vs zł0.46 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: zł8.94m (down 34% from FY 2019). Net income: zł766.8k (down 80% from FY 2019). Profit margin: 8.6% (down from 28% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 12
New 90-day low: zł7.36 The company is down 19% from its price of zł9.14 on 11 September 2020. The Polish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electrical industry, which is also down 19% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to zł9.50, the stock is trading at a trailing P/E ratio of 25.7x, up from the previous P/E ratio of 22.2x. This compares to an average P/E of 16x in the Electrical industry in Poland. Total returns to shareholders over the past three years are 1,018%. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 15% share price gain to zł9.18, the stock is trading at a trailing P/E ratio of 24.9x, up from the previous P/E ratio of 21.6x. This compares to an average P/E of 21x in the Electrical industry in Poland. Total returns to shareholders over the past three years are 1,006%. Is New 90 Day High Low • Oct 29
New 90-day low: zł7.60 The company is down 37% from its price of zł12.00 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is down 45% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 21% share price decline to zł7.60, the stock is trading at a trailing P/E ratio of 20.6x, down from the previous P/E ratio of 26.2x. This compares to an average P/E of 21x in the Electrical industry in Poland. Total returns to shareholders over the past three years are 862%. Recent Insider Transactions • Oct 12
President of the Management Board recently sold zł80k worth of stock On the 9th of October, Wojciech Zak sold around 8k shares on-market at roughly zł10.59 per share. This was the largest sale by an insider in the last 3 months. This was Wojciech's only on-market trade for the last 12 months. Announcement • Sep 08
Rubicon Partners S.A. (WSE:RBC) agreed to acquire 56% stake in Novavis Spólka Akcyjna (WSE:NVV) from Marshall Nordic Limited, Pawel Krzysztalcowicz and other three individuals for PLN 52.5 million. Rubicon Partners S.A. (WSE:RBC) agreed to acquire 56% stake in Novavis Spólka Akcyjna (WSE:NVV) from Marshall Nordic Limited, Pawel Krzysztalcowicz and other three individuals for PLN 52.5 million on September 7, 2020. As per the transaction, Rubicon Partners S.A. will acquire 4.1 million from Marshall Nordic Limited, 0.42 million shares from Pawel Krzysztalcowicz and 0.26 million shares from three individuals. The shares will be purchased as PLN 11 per share. The transaction is subject to share sale agreement which will take place on October 30, 2020.