EQS-Adhoc: VARTA AG: VARTA AG exceeds market expectations for the third quarter and confirms full-year guidance
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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 |
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1770767 10-Nov-2023 CET/CEST
Varta AG Stock
Our community is currently high on Varta AG with 4 Buy predictions and 2 Sell predictions.
Based on the current price of 10.39 € the target price of 25 € shows a potential of 140.62% for Varta AG which would more than double the current price.
