Varta is ready for the next “growth offensive” – ​​​​Donau-Ries

Nördlingen-based Varta AG continues to increase its sales. The company has now announced this. However, the political situation after the Russian attack on Ukraine clouds new developments.

According to the latest business figures, Varta’s consolidated sales increased by 3.8 percent to EUR 902.9 million in fiscal year 2021. Adjusted EBITDA, meanwhile, increased by around 17 percent to EUR 282.9 million. The profit of the group reached 126 million euros, an increase of 31.9 percent. By 2022, the technology company expects sales of between 950 million and 1 billion euros and an adjusted EBITDA of between 260 and 28 million euros.

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Two crises cloud the outlook

However, the ongoing consequences of the Covid-19 pandemic and the effects of the Ukraine war on global production and the supply chains of some customers, as well as the increase in commodity prices as a result of these crises , weigh on prospects. Herbert Schein, CEO of Varta AG, explained: “We have another very good year behind us, in which we were not only able to further increase our sales, but also achieved historic results in terms of profitability. We are well positioned for future growth.” in small lithium-ion cells.

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He also added: “We have already started the next growth offensive. Our large-format lithium-ion high-performance round cells have great potential. We have been supplying pilot production cells for a customer since the end of 2021. Our batteries make a difference. That is why there is a very high demand.”

That’s what Varta’s CFO says about the developments

Armin Hessenberger, Chief Financial Officer (CFO) of Varta AG, for his part, explained the current business situation: “The current global situation due to the continuing consequences of Covid-19 and the war in Ukraine are affecting commodity prices. and the availability of components at our customers. Therefore, we cannot rule out an impact on our business. However, with the cash flow from ongoing businesses and the high capital ratio of 42.6 percent, Varta AG it is in a strong position to finance future investments.”

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