EQS-Ad-hoc: VARTA AG / Key word(s): Forecast
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55
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, unaudited figures, revenue in the third quarter totalled € 215.1 million and adjusted EBITDA € 29.4 million. Accordingly, revenue for the first nine months of the current year amounted to € 554 million and adjusted EBITDA to € 22.6 million. VARTA also confirms the full-year forecast for 2023: revenue around € 820 million, adjusted EBITDA between € 40 million and € 60 million. Contact: Emanuel Sican Head of Investor Relations, VARTA AG VARTA-Platz 1, 73479 Ellwangen Tel.: +4979619213115 IR@varta-ag.com End of Inside Information
10-Nov-2023 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 |
Indices: | SDAX, |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1770767 |
End of Announcement | EQS News Service |
|
1770767 10-Nov-2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.