Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries, household batteries, and energy storage solutions worldwide. It operates in two segments, Lithium-Ion Solutions & Microbatteries and Household Batteries. The Lithium-Ion Solutions & Microbatteries segment offers zinc-air batteries primarily for use in hearing aid devices; lithium-ion battery solutions for wireless headphones; wearables, which include medical devices to measure hypertension, blood sugar, and other bodily functions, as well as the power supply for COVID19 antibody tests; and rechargeable battery solutions for industrial and original equipment manufacturers for use in various applications, such as servers, car keys, alarm systems, or smart meters. This segment is also involved in the development, system integration, and assembly of lithium-ion battery packs for portable industrial, communication devices, electric power tool, home, garden, and medical applications. The Household Batteries segment offers household batteries, rechargeable batteries, chargers, power banks, lights, and energy storage systems. The company was founded in 1887 and is headquartered in Ellwangen, Germany. Varta AG is a subsidiary of Montana Tech Components AG.

Varta AG

VARTA Consumer Batteries

VARTA Energy Storage

VARTA Lithium-Ion Solutions & Microbatteries

VARTA AG produces and markets a comprehensive battery portfolio from micro batteries, household batteries, energy storage systems to customer-specific battery solutions for a variety of applications and, as a technology leader, sets industry standards in important areas. As the parent company of the group, it operates in the business segments "Lithium-Ion Solutions & Microbatteries" and "Household Batteries". The "Lithium-Ion Solutions & Microbatteries" segment focuses on microbatteries, lithium-ion coin power, lithium-ion round cells (lithium-ion large cells) and the lithium-ion battery pack business. Through intensive research and development, VARTA sets global standards in many areas of lithium-ion technology and microbatteries, making it a recognized innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries. The “Household Batteries” segment comprises the battery business for end customers, including household batteries, accumulators, chargers, portable power (power banks) and lights as well as energy storage devices. The VARTA AG Group currently employs almost 4,800 people. With five production and manufacturing facilities in Europe and Asia as well as sales centers in Asia, Europe and the USA, the operating subsidiaries of VARTA AG are currently active in over 75 countries around the world.Imprint: https://www.varta-ag.com/en/imprint

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22
revenue	213.81M -	242.16M 13.26%	271.65M 12.18%	362.69M 33.51%	869.58M 139.76%	902.93M 3.83%	806.92M 10.63%
cost of revenue	86.41M -	93.27M 7.93%	98.82M 5.95%	118.57M 19.99%	314.74M 165.45%	312.52M 0.70%	362.12M 15.87%
gross profit	127.40M -	148.89M 16.87%	172.83M 16.08%	244.12M 41.25%	554.84M 127.28%	590.41M 6.41%	444.79M 24.66%
selling and marketing expenses	5.14M -	6.44M 25.33%	6.45M 0.16%	6.72M 4.14%	31.68M 371.46%	31.49M 0.60%	34.63M 9.97%
general and administrative expenses	5.00M -	4.80M 4.08%	4.84M 0.92%	11.44M 136.26%	22.08M 92.98%	27.20M 23.19%	38.56M 41.76%
selling general and administrative expenses	10.14M -	11.24M 10.82%	11.30M 0.48%	18.16M 60.78%	53.76M 196.02%	58.69M 9.17%	73.19M 24.70%
research and development expenses				15.51M -	20.90M 34.80%	22.80M 9.09%	23.20M 1.75%
other expenses	3.04M -	3.15M 3.75%	108K 96.57%	151.42M 140,102.78%	336.26M 122.08%	342.01M 1.71%	399.19M 16.72%
cost and expenses	199.29M -	214.67M 7.72%	234.20M 9.10%	288.15M 23.04%	704.77M 144.58%	713.23M 1.20%	834.50M 17.00%
operating expenses	112.88M -	121.41M 7.56%	135.38M 11.51%	169.58M 25.26%	390.03M 129.99%	400.71M 2.74%	472.38M 17.89%
interest expense	1.81M -	783K 56.76%	416K 46.87%	1.13M 170.91%	5.33M 373.29%	6.49M 21.67%	13.76M 112.05%
ebitda	24.88M -	38.03M 52.85%	47.83M 25.77%	96.33M 101.39%	222.98M 131.47%	281.85M 26.40%	83.89M 70.24%
operating income	14.85M -	23.64M 59.27%	36.87M 55.95%	70.77M 91.93%	146.01M 106.33%	186.51M 27.73%	-24.79M 113.29%
depreciation and amortization	8.92M -	9.45M 5.87%	10.52M 11.35%	25.57M 143.06%	76.97M 201.06%	95.34M 23.88%	108.68M 13.99%
total other income expenses net	-2.77M -	-2.62M 5.56%	-389K 85.14%	312K 180.21%	-12.89M 4,231.41%	-9.42M 26.91%	-173.39M 1,740.46%
income before tax	12.07M -	21.02M 74.15%	36.48M 73.52%	71.08M 94.83%	133.12M 87.29%	177.09M 33.03%	-198.18M 211.91%
income tax expense	2.66M -	7.48M 180.92%	10.78M 44.09%	20.61M 91.25%	37.62M 82.47%	51.13M 35.93%	2.24M 95.62%
net income	9.41M -	13.27M 41.00%	25.26M 90.38%	50.39M 99.49%	95.41M 89.35%	125.96M 32.01%	-200.42M 259.12%
weighted average shs out	8.93M -	31.32M 250.61%	38.20M 21.97%	39.43M 3.22%	40.42M 2.52%	40.42M 0%	40.42M 0%
weighted average shs out dil	8.93M -	31.32M 250.61%	38.20M 21.97%	39.43M 3.22%	40.42M 2.52%	40.42M 0%	40.42M 0%
eps	1.05 -	0.36 65.71%	0.66 83.33%	1.28 93.94%	2.36 84.37%	3.12 32.20%	-4.96 258.97%
epsdiluted	1.05 -	0.36 65.71%	0.66 83.33%	1.28 93.94%	2.36 84.37%	3.12 32.20%	-4.96 258.97%

XETRA:VAR1

VARTA AG

Last Close

1.74

30/08 15:36

Market Cap

429.83M

Beta: 1.32

Volume Today

531.19K

Avg: 163.22K

PE Ratio

−2.23

PFCF: 29.92

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