DGAP-Adhoc: VARTA AG: Guidance for fiscal year 2019 comfortably exceeded
DGAP-Ad-hoc: VARTA AG / Key word(s): Preliminary Results
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55
Ellwangen, February 17, 2020. According to preliminary, unaudited figures, VARTA AG has significantly exceeded its guidance for fiscal year 2019. The Group can look back on yet another successful fiscal year. The strong revenue and earnings growth was once again accelerated. Group revenue rose by approximately 34% to around € 364m during fiscal year 2019 (2018: € 271.7m). In comparison with the mean value of the target revenue corridor, which was previously revised upwards on October 29, 2019 (€ 330m-€ 340m), the difference amounts to an increase of around 8.7%. Adjusted EBITDA is provisionally expected to total around € 98m (around + 95%), which equates to an improvement of roughly 14.0% versus the mean value of the guidance range (€ 84m-€ 88m), which was likewise raised as part of the publication of VARTA AG's 9M figures for 2019. By far the strongest revenue growth is again being recorded for rechargeable lithium-ion batteries for high-tech consumer products, particularly premium true wireless headsets (hearables). This is a consequence of continued high customer demand in a fast growing market. As leaders in technology and innovation, VARTA AG is growing significantly faster than the market and has established a very successful business model. The annual financial statements 2019 including guidance for fiscal year 2020 will be released on March 31, 2020.
About VARTA AG VARTA AG produces and markets a comprehensive battery portfolio that ranges from microbatteries, household batteries and energy storage systems all the way to customer-specific battery solutions for a wide range of uses, setting the industry standards as technology leader in many important areas. As the parent company of the Group, it is active in the "Microbatteries & Solutions" and "Household Batteries" business segments. Contact: Nicole Selle Bernhard Wolf
17-Feb-2020 CET/CEST The DGAP 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: | [email protected] |
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: | 976893 |
End of Announcement | DGAP News Service |
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976893 17-Feb-2020 CET/CEST
Varta AG Stock
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