EQS-Adhoc: VARTA AG: VARTA AG reduces revenue forecast for the current fiscal year due to further slowdown in the energy storage market and lower revenue planned for Lithium-Ion Large Cells in 2024
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EQS-Ad-hoc: VARTA AG / Key word(s): Change in Forecast VARTA AG, Ellwangen, ISIN: DE000A0TGJ55
Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 VARTA AG reduces revenue forecast for the current fiscal year due to further slowdown in the energy storage market and lower revenue planned for Lithium-Ion Large Cells in 2024 Ellwangen, October 11, 2024 – On the basis of current business developments, VARTA AG is adjusting its revenue forecast for fiscal year 2024. The Ellwangen-based technology company now expects revenues of € 750m to € 800m (previous forecast: € 820m to € 870m). The background to the adjustment is, despite stable sales of household and hearing aid batteries, on the one hand, a further deterioration in the market environment for energy storage solutions, and, on the other hand, lower sales in the Lithium-Ion Large Cells business unit. In the Energy Storage Systems business unit, revenue development was negatively affected not only by delays in connection with the product launch of the DC (direct current)-coupled high-voltage storage system VARTA.wall, but also, in particular, by the general weakness in market demand for energy storage systems. In addition, the negative impact on VARTA AG's public image and reputation since the initiation of the StaRUG proceedings led to a further significant slump in sales figures for energy storage systems. The new broad forecast range also takes into account volatile production and sales volumes in the Lithium-Ion Large Cells segment as well as not uncommon postponements in key date settlements at the end of the year. These factors make it difficult to forecast revenue in fiscal year 2024 accurately. Contact: Investors: Emanuel Sican Head of Investor Relations IR@varta-ag.com Press and media: Dirk Schmitt Press Spokesman (interim) PR@varta-ag.com End of Inside Information
11-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | VARTA AG |
| VARTA-Platz 1 | |
| 73479 Ellwangen | |
| Germany | |
| Phone: | +49 (0)791-921-0 |
| E-mail: | info@varta-ag.com |
| Internet: | www.varta-ag.com |
| ISIN: | DE000A0TGJ55 |
| WKN: | A0TGJ5 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2007107 |
| End of Announcement | EQS News Service |
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2007107 11-Oct-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 271,65 | 362,69 | 869,58 | 902,93 | 806,92 | 820,00 | 760,00 | |
| EBITDA1,2 | 47,39 | 91,62 | 212,63 | 282,18 | 66,99 | 47,00 | 0,00 | |
| EBITDA-Margin3 | 17,45 | 25,26 | 24,45 | 31,25 | 8,30 | 5,73 | 0,00 | |
| EBIT1,4 | 36,87 | 70,77 | 146,01 | 186,51 | -188,01 | 0,00 | 0,00 | |
| EBIT-Margin5 | 13,57 | 19,51 | 16,79 | 20,66 | -23,30 | 0,00 | 0,00 | |
| Net Profit (Loss)1 | 25,70 | 50,46 | 95,51 | 125,96 | -200,42 | 0,00 | 0,00 | |
| Net-Margin6 | 9,46 | 13,91 | 10,98 | 13,95 | -24,84 | 0,00 | 0,00 | |
| Cashflow1,7 | 69,85 | 105,73 | 232,86 | 114,50 | 20,38 | 0,00 | 0,00 | |
| Earnings per share8 | 0,66 | 1,28 | 2,36 | 3,12 | -4,96 | -3,34 | -190,00 | |
| Dividend per share8 | 0,00 | 0,00 | 2,48 | 2,48 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
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| Varta | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A0TGJ5 | DE000A0TGJ55 | AG | 68,95 Mio € | 19.10.2017 | 8FWGX4FH+9G | |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| -11,55 | 37,20 | -0,31 | -15,85 | 0,69 | 3,38 | 0,09 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 23.09.2024 | 31.01.2025 | 31.01.2025 | 31.01.2025 | 31.01.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -36,19% | -73,86% | -92,21% | -92,04% | -90,76% |
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