EQS-Adhoc: VARTA AG: VARTA AG signs agreement with Porsche regarding investment in business unit for large-format lithium-ion cells
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EQS-Ad-hoc: VARTA AG / Key word(s): Investment VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Ellwangen, October 9, 2024 - VARTA AG has signed an agreement with Dr. Ing. h.c. F. Porsche AG (“Porsche”) on a majority investment by Porsche in the business unit for large-format lithium-ion cells through a majority stake in V4Drive Battery GmbH, a wholly owned subsidiary of VARTA AG. VARTA AG and Porsche concluded an agreement to this effect today. In order to implement the investment, a capital increase will be carried out at V4Drive Battery GmbH, in the context of which VARTA AG and its participating subsidiaries will contribute the business unit for large-format lithium-ion cells and an operating property and Porsche will contribute certain equipment, patents and receivables belonging to the business unit for large-format lithium-ion cells. Porsche is already a customer of the business unit for large-format lithium-ion cells. VARTA AG intends to gain a strong long-term partner for the further development and marketing of these cells through Porsche's participation in this business unit. The closing of the transaction is still subject to, among other things, merger control clearance, some operational verifications and the legally binding confirmation of the restructuring plan for VARTA AG in the ongoing restructuring proceedings under the German Corporate Stabilization and Restructuring Act (StaRUG). It is currently expected in the first quarter of 2025. VARTA AG continues to undergo restructuring proceedings in accordance with the StaRUG. As published on October 7, 2024, VARTA AG reached a further milestone within the framework of its restructuring concept yesterday with the signing of key agreements with its financiers and investors, which, in the opinion of the Management Board, secures the necessary majorities for approval in the StaRUG proceedings of the restructuring plan to be proposed. As next step in the StaRUG proceedings, a restructuring plan is expected to be submitted to the competent Stuttgart Local Court - Restructuring Court - by the end of October 2024 and a discussion and voting meeting shall be applied for. 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
09-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: | 2004635 |
| End of Announcement | EQS News Service |
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2004635 09-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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