Varta AG Stock
€9.34
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Varta AG Stock
Varta AG is a German company that specializes in the production of batteries and energy storage systems. Founded in 1887, the company has a long history of innovation and product development in the field of energy storage solutions. Varta produces a wide range of batteries for both consumer and industrial applications, including hearing aid batteries, power tool batteries, and batteries for electric vehicles. In addition, the company develops and produces stationary energy storage systems based on lithium-ion technology for use in homes and businesses. Varta is listed on the Frankfurt Stock Exchange and has a market capitalization of approximately €4 billion as of 2021.
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance, the financials of the company Varta suggest a relatively stable and growing business. The company has seen a consistent increase in its total assets over the past three years, indicating expansion and suggesting that the company is successfully reinvesting its profits to generate further growth. The total revenue, gross profit, and total assets display positive trends, providing a promising outlook on the company's financial health.
Growing Total Assets: From 2019 to 2021, Varta's total assets have grown from €668.83 million to €1.25 billion. This growth demonstrates the company's ability to effectively utilize its resources and expand its operations.
Increasing Total Revenue: The company's total revenue has increased in each reported year – from €362.69 million in 2019 to €902.93 million in 2021. This upward trend indicates that Varta has been successful in generating higher sales, improving its market position, and increasing demand for its products and services.
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EQS-Adhoc: VARTA AG: VARTA AG updates restructuring concept
EQS-Adhoc: VARTA AG: VARTA postpones publication of annual financial reports for fiscal year 2023
EQS-Adhoc: VARTA AG: VARTA affected by cyber attack