VARTA AG · ISIN: DE000A0TGJ55 · EQS - adhoc news

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

VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014VARTA 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 r...

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11 October 2024 02:22PM
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
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014VARTA 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 o...
VARTA AG
09 October 2024 08:01AM
VARTA AG signs agreement with Porsche regarding investment in business unit for large-format lithium-ion cells
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 VARTA AG signs agreement with Porsche regarding investment in business unit for large-format lithium-ion cells   Ellwangen, October 9, 2024 - VARTA AG has signed an agreement with Dr. Ing. h.c. F. Porsche AG (“Porsch...
VARTA AG
07 October 2024 02:08PM
VARTA AG concludes material agreements as part of the restructuring concept and secures short-term bridge financing
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014VARTA AG concludes material agreements as part of the restructuring concept and secures short-term bridge financingEllwangen, October 7, 2024 – VARTA AG announces that a further milestone has been reached with the signing of...
VARTA AG
18 September 2024 03:58PM
VARTA AG announces an amendment to the restructuring concept and commercial agreement on bridge financing
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014VARTA AG announces an amendment to the restructuring concept and commercial agreement on bridge financingEllwangen, September 18, 2024 – VARTA AG announces that it has today reached an agreement with almost all syndicated lo...
VARTA AG
18 September 2024 03:58PM
VARTA AG announces an amendment to the restructuring concept and commercial agreement on bridge financing
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014VARTA AG announces an amendment to the restructuring concept and commercial agreement on bridge financingEllwangen, September 18, 2024 – VARTA AG announces that it has today reached an agreement with almost all syndicated lo...
VARTA AG
17 August 2024 03:40PM
VARTA AG reaches agreement with financial creditors and strategic investors on a restructuring plan and creates the basis for a sustainable business perspective
VARTA AG reaches agreement with financial creditors and strategic investors on a restructuring plan and creates the basis for a sustainable business perspective   Long-term funding needs secured New money of € 100 million to strengthen the Group's liquidity and for future strategic investments After haircut and recapitalisation, financial liabi...
VARTA AG
17 August 2024 03:35PM
VARTA AG announces commercial agreement on restructuring concept
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG announces commercial agreement on restructuring concept   Ellwangen, August 17, 2024 – VARTA AG announces that it has today reached a commercial agreement on a restructuring concept with almost all syndica...
VARTA AG
21 July 2024 06:41PM
VARTA AG announces financial reorganization with StaRUG proceedings
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014VARTA AG announces financial reorganization with StaRUG proceedings Ellwangen, 21 July 2024 VARTA AG (the “Company”) has decided today to notify the competent local court of Stuttgart on short notice of a restructuring proje...
VARTA AG
04 July 2024 11:00PM
VARTA AG in talks with Porsche about investment in V4Drive business
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014    VARTA AG in talks with Porsche about investment in V4Drive business   Ellwangen, July 4, 2024  VARTA AG is currently in negotiations with Dr. Ing. h.c. F. Porsche AG ("Porsche") regarding a possible investment by P...
VARTA AG
20 June 2024 08:20PM
VARTA AG adjusts revenue forecast for 2024 due to further slowdown in the energy storage market
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG adjusts revenue forecast for 2024 due to further slowdown in the energy storage market  Ellwangen, June 20, 2024   Based on current business developments in the first half of 2024, VARTA AG is revising its revenu...
VARTA AG
20 June 2024 08:20PM
VARTA AG adjusts revenue forecast for 2024 due to further slowdown in the energy storage market
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG adjusts revenue forecast for 2024 due to further slowdown in the energy storage market  Ellwangen, June 20, 2024   Based on current business developments in the first half of 2024, VARTA AG is revising its revenu...
VARTA AG
06 May 2024 05:02PM
Michael Ostermann appointed new CEO of VARTA AG
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55Announcement of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014Michael Ostermann appointed new CEO of VARTA AG Ellwangen, 6th May 2024 At its meeting today, the Supervisory Board of VARTA AG appointed Michael Ostermann as a member of the Executive Board with effect from today. He will...
VARTA AG
11 April 2024 08:34PM
VARTA AG updates restructuring concept
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014    VARTA AG updates restructuring concept   Ellwangen, April 11, 2024   VARTA AG is in the process of evaluating the restructuring program that was agreed with the financing banks and the majority shareholder at ...
VARTA AG
15 March 2024 09:34AM
VARTA postpones publication of annual financial reports for fiscal year 2023
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014  VARTA postpones publication of annual financial reports for fiscal year 2023 Ellwangen, 15. March 2024 The Executive Board of VARTA AG (the "Company") today decided to postpone the publication of the Company's cons...
VARTA AG
13 February 2024 05:27PM
VARTA affected by cyber attack
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55    Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014  VARTA affected by cyber attack  Ellwangen, February 13th 2024  Last night, February 12th 2024, the VARTA Group was the target of a cyber attack on parts of its IT systems. This affects the five production plants and th...
VARTA AG
14 November 2023 07:05AM
VARTA AG achieves best quarter of the current financial year to date
        Press Release Ellwangen, 14th November 2023   VARTA AG achieves best quarter of the current financial year to date   Rising seasonal demand, successful restructuring measures, falling material and energy costs and selective price adjustments have a positive impact on results. Significant increase compared to the same quarter of the...
VARTA AG
10 November 2023 11:05AM
VARTA AG exceeds market expectations for the third quarter and confirms full-year guidance
    VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014     VARTA AG exceeds market expectations for the third quarter and confirms full-year guidance   VARTA AG exceeded market expectations in the third quarter of fiscal year 2023. According to preliminary, unaudi...
VARTA AG
11 August 2023 07:00AM
VARTA AG looks to the future with growing confidence
Press release Ellwangen, 11th August 2023VARTA AG looks to the future with growing confidence   Restructuring is making progress: The cost reductions in all areas as well as the working capital optimisations are running successfully. Increase in business expected in the second half of 2023 due to seasonal factors and customer projects starting up....
VARTA AG
26 July 2023 07:53AM
VARTA AG expects significantly better second half of 2023
    Press release Ellwangen, 26th July 2023     VARTA AG expects significantly better second half of 2023   With a view to the traditionally strong business in the second half of the year and a renewed increase in demand, VARTA AG is optimistic about the coming months. In addition, positive developments of the ongoing restructuring measures ...
VARTA AG
26 July 2023 07:53AM
VARTA AG expects significantly better second half of 2023
    Press release Ellwangen, 26th July 2023     VARTA AG expects significantly better second half of 2023   With a view to the traditionally strong business in the second half of the year and a renewed increase in demand, VARTA AG is optimistic about the coming months. In addition, positive developments of the ongoing restructuring measures ...
VARTA AG
26 July 2023 07:30AM
VARTA AG adjusts annual forecast
        VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014       VARTA AG adjusts annual forecast     On the basis of preliminary figures, VARTA AG is revising its forecast for the 2023 financial year. The Ellwangen-based technology company now expects sales at th...
VARTA AG
26 July 2023 07:30AM
VARTA AG adjusts annual forecast
        VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014       VARTA AG adjusts annual forecast     On the basis of preliminary figures, VARTA AG is revising its forecast for the 2023 financial year. The Ellwangen-based technology company now expects sales at th...
VARTA AG
12 July 2023 10:16AM
VARTA AG confident about the future
    Press release Ellwangen, 12th July 2023   VARTA AG confident about the future   After a challenging year, the shareholders of VARTA AG have given the green light for the future at the General Meeting. In the general debate, in which the developments of the past year were scrutinised by the investors, the shareholders discharged the Execut...
VARTA AG
12 July 2023 10:16AM
VARTA AG confident about the future
    Press release Ellwangen, 12th July 2023   VARTA AG confident about the future   After a challenging year, the shareholders of VARTA AG have given the green light for the future at the General Meeting. In the general debate, in which the developments of the past year were scrutinised by the investors, the shareholders discharged the Execut...
VARTA AG
15 May 2023 07:00AM
VARTA AG meets the challenges in a difficult market environment
Corporate News on the financial figures for the first quarter of 2023 VARTA AG meets the challenges in a difficult market environment   Macroeconomic aspects as consequences of the global crises and reduced customer orders continue to weigh on results. Q1 revenue € 164.2 million (Q1 2022: € 185.3 million), Q1 adjusted EBITDA € -2.0 million (Q1 ...
VARTA AG
15 May 2023 07:00AM
VARTA AG: VARTA AG meets the challenges in a difficult market environment
Corporate News on the financial figures for the first quarter of 2023 VARTA AG meets the challenges in a difficult market environment   Macroeconomic aspects as consequences of the global crises and reduced customer orders continue to weigh on results. Q1 revenue € 164.2 million (Q1 2022: € 185.3 million), Q1 adjusted EBITDA € -2.0 million (Q1 ...
VARTA AG
28 April 2023 09:35AM
VARTA AG adjusts forecast for 2023
      VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG adjusts forecast for 2023   VARTA AG adjusts its forecast for the financial year 2023. Accordingly, revenue is expected to be between 820 and 870 million euros (previously: 850 to 880 million euros...
VARTA AG
28 April 2023 09:35AM
VARTA AG adjusts forecast for 2023
      VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG adjusts forecast for 2023   VARTA AG adjusts its forecast for the financial year 2023. Accordingly, revenue is expected to be between 820 and 870 million euros (previously: 850 to 880 million euros...
VARTA AG
25 April 2023 05:45PM
VARTA AG exceeds forecast for adjusted EBITDA in 2022
      VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014     VARTA AG exceeds forecast for adjusted EBITDA in 2022   VARTA AG will exceed its forecast target for adjusted EBITDA in the past financial year 2022. According to preliminary figures, the adjusted EBITD...
VARTA AG
25 April 2023 05:45PM
VARTA AG exceeds forecast for adjusted EBITDA in 2022
      VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014     VARTA AG exceeds forecast for adjusted EBITDA in 2022   VARTA AG will exceed its forecast target for adjusted EBITDA in the past financial year 2022. According to preliminary figures, the adjusted EBITD...
VARTA AG
24 March 2023 05:39PM
VARTA AG: VARTA AG reaches agreement with banks on comprehensive restructuring concept
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG reaches agreement with banks on comprehensive restructuring concept VARTA AG has reached an agreement with the financing banks and the majority shareholder on far-reaching restructuring measures which a...
VARTA AG
24 March 2023 05:39PM
VARTA AG reaches agreement with banks on comprehensive restructuring concept
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   VARTA AG reaches agreement with banks on comprehensive restructuring concept VARTA AG has reached an agreement with the financing banks and the majority shareholder on far-reaching restructuring measures which a...
VARTA AG
21 March 2023 08:55PM
VARTA AG: VARTA AG successfully completes capital increase with gross proceeds of approximately 51 million euros
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 VARTA AG successfully completes capital increase with gross proceeds of approximately 51 million euros   Ellwangen, 21st March 2023. VARTA AG (the "Company") has successfully completed its capital increase announc...
VARTA AG
21 March 2023 08:55PM
VARTA AG successfully completes capital increase with gross proceeds of approximately 51 million euros
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 VARTA AG successfully completes capital increase with gross proceeds of approximately 51 million euros   Ellwangen, 21st March 2023. VARTA AG (the "Company") has successfully completed its capital increase announc...
VARTA AG
20 March 2023 07:33AM
VARTA AG plans capital increase and comprehensive restructuring concept
VARTA AG plans capital increase and comprehensive restructuring concept  VARTA AG is in advanced discussions with the financing banks on far-reaching restructuring measures to stabilise the company financially and operationally. The restructuring concept, which has been developed in recent weeks within the framework of an IDW-S6 expert opinion, in...
VARTA AG
20 March 2023 07:33AM
VARTA AG: VARTA AG plans capital increase and comprehensive restructuring concept
VARTA AG plans capital increase and comprehensive restructuring concept  VARTA AG is in advanced discussions with the financing banks on far-reaching restructuring measures to stabilise the company financially and operationally. The restructuring concept, which has been developed in recent weeks within the framework of an IDW-S6 expert opinion, in...
VARTA AG
20 March 2023 07:30AM
VARTA AG decides to implement a capital increase and is in advanced talks with banks and majority owner about restructuring measures and to secure financing
VARTA AG decides to implement a capital increase and is in advanced talks with banks and majority owner about restructuring measures and to secure financing. Following the slump in profits in 2022, VARTA AG has drawn up a restructuring concept to enable a return to a growth path. In an expert opinion available in draft form from KPMG in accordance...
VARTA AG
20 March 2023 07:30AM
VARTA AG: VARTA AG decides to implement a capital increase and is in advanced talks with banks and majority owner about restructuring measures and to secure financing
VARTA AG decides to implement a capital increase and is in advanced talks with banks and majority owner about restructuring measures and to secure financing. Following the slump in profits in 2022, VARTA AG has drawn up a restructuring concept to enable a return to a growth path. In an expert opinion available in draft form from KPMG in accordance...
VARTA AG
15 November 2022 12:21PM
VARTA AG: VARTA AG adopts strategic realignment in response to challenges
VARTA AG adopts strategic realignment in response to challenges Technology group generates revenue of € 570.7 m in the first nine months of financial year 2022. Adjusted EBITDA decreased from € 182.5 m to € 66.4 m compared to the same period last year. Sustained good demand for household batteries and energy storage systems. Revenue in the “Hous...
VARTA AG
15 November 2022 12:21PM
VARTA AG adopts strategic realignment in response to challenges
VARTA AG adopts strategic realignment in response to challenges Technology group generates revenue of € 570.7 m in the first nine months of financial year 2022. Adjusted EBITDA decreased from € 182.5 m to € 66.4 m compared to the same period last year. Sustained good demand for household batteries and energy storage systems. Revenue in the “Hous...
VARTA AG
15 November 2022 12:16PM
New forecast for the 2022 financial year and forecast for the 2023 financial year
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 New forecast for the 2022 financial year and forecast for the 2023 financial year Ellwangen, 15th November 2022 VARTA AG: New forecast for the 2022 financial year and forecast for the 2023 financial year New forecast fo...
VARTA AG
15 November 2022 12:16PM
VARTA AG: New forecast for the 2022 financial year and forecast for the 2023 financial year
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55  Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 New forecast for the 2022 financial year and forecast for the 2023 financial year Ellwangen, 15th November 2022 VARTA AG: New forecast for the 2022 financial year and forecast for the 2023 financial year New forecast fo...
VARTA AG
20 October 2022 03:56PM
Preliminary results for the third quarter and nine-month figures 2022
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Preliminary results for the third quarter and nine-month figures 2022 Ellwangen, 20 October 2022 VARTA AG: Preliminary results for the third quarter and nine-month figures 2022 Q3/2022 revenue amounts to approx. EUR 194 ...
VARTA AG
20 October 2022 03:56PM
VARTA AG: Preliminary results for the third quarter and nine-month figures 2022
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Preliminary results for the third quarter and nine-month figures 2022 Ellwangen, 20 October 2022 VARTA AG: Preliminary results for the third quarter and nine-month figures 2022 Q3/2022 revenue amounts to approx. EUR 194 ...
VARTA AG
29 September 2022 03:30PM
VARTA AG: Herbert Schein resigns as Chairman of the Executive Board with immediate effect, but remains on the Executive Board until 31 December 2022
      VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   Herbert Schein resigns as Chairman of the Executive Board with immediate effect, but remains on the Executive Board until 31 December 2022; Dr. Markus Hackstein will take over the position of Spokesman of th...
VARTA AG
29 September 2022 03:30PM
Herbert Schein resigns as Chairman of the Executive Board with immediate effect, but remains on the Executive Board until 31 December 2022
      VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   Herbert Schein resigns as Chairman of the Executive Board with immediate effect, but remains on the Executive Board until 31 December 2022; Dr. Markus Hackstein will take over the position of Spokesman of th...
VARTA AG
23 September 2022 12:49PM
VARTA AG withdraws forecast for financial year 2022 and the third quarter of 2022
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 VARTA AG withdraws forecast for financial year 2022 and the third quarter of 2022   Ellwangen, 23rd September 2022 The Executive Board of VARTA AG withdraws its forecast for the financial year 2022 and its forecast for...
VARTA AG
23 September 2022 12:49PM
VARTA AG: VARTA AG withdraws forecast for financial year 2022 and the third quarter of 2022
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55   Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 VARTA AG withdraws forecast for financial year 2022 and the third quarter of 2022   Ellwangen, 23rd September 2022 The Executive Board of VARTA AG withdraws its forecast for the financial year 2022 and its forecast for...
VARTA AG
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