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Varta AG (VAR1.DE)

VAR1.DE on Xetra

85.90EUR
1:21pm BST
Change (% chg)

€0.10 (+0.12%)
Prev Close
€85.80
Open
€86.10
Day's High
€87.40
Day's Low
€85.00
Volume
47,476
Avg. Vol
86,612
52-wk High
€91.30
52-wk Low
€24.30

Latest Key Developments (Source: Significant Developments)

Dgap-News Varta AG Varta AG Acquires Varta Consumer Batteries Business From Energizer
Wednesday, 29 May 2019 

May 29 (Reuters) - Varta AG ::DGAP-NEWS: VARTA AG: VARTA AG ACQUIRES VARTA CONSUMER BATTERIES BUSINESS FROM ENERGIZER.VARTA AG <<>> - NET PURCHASE PRICE FOR VARTA CONSUMER BATTERIES IS ESTIMATED TO BE AROUND EUR 100 MLN .VARTA AG <<>>- IN FINANCIAL YEAR 2019, VARTA CONSUMER BATTERIES EXPECTS REVENUES OF AROUND EUR 300 MLN.VARTA AG <<>>- TRANSACTION IS FULLY SECURED BY FINANCING COMMITMENTS FROM SYNDICATE BANKS.  Full Article

Energizer Holdings Announces Agreement To Sell Varta Consumer Battery Business For $401.0 Million
Wednesday, 29 May 2019 

May 29 (Reuters) - Energizer Holdings Inc ::PRESS RELEASE - ENERGIZER HOLDINGS, INC. ANNOUNCES AGREEMENT TO SELL THE EUROPE-BASED VARTA® CONSUMER BATTERY BUSINESS FOR $401.0 MILLION.CO AND VARTA HAVE ENTERED INTO A DEFINITIVE AGREEMENT FOR SALE OF VARTA BUSINESS, FOR EUR 180 MILLION.ENERGIZER HOLDINGS- SPECTRUM WILL BE CONTRIBUTING AN ADDITIONAL US $200 MILLION TO ENERGIZER IN CONNECTION WITH THE DIVESTITURE OF THE VARTA BUSINESS.ENERGIZER HOLDINGS- ENERGIZER EXPECTS TO RECORD A LOSS RELATED TO THE DIVESTITURE IN DISCONTINUED OPERATIONS DURING THE THIRD FISCAL QUARTER.  Full Article

Varta Raises Guidance For 2019
Tuesday, 7 May 2019 

May 7 (Reuters) - Varta AG ::DGAP-NEWS: VARTA AG: VARTA AG CONTINUES ITS GROWTH TRAJECTORY WITH FURTHER IMPROVED PROFITABILITY - RAISING GUIDANCE FOR 2019.Q1 ADJUSTED EBITDA GREW AGAIN FASTER THAN REVENUE: +36.9% TO EUR 17.4 MILLION.OUTLOOK 2019: REVENUE EXPECTED TO BE BETWEEN EUR 310 AND 315 MILLION (PREVIOUSLY: EUR 303-309 MILLION).OUTLOOK 2019: ADJUSTED EBITDA SET TO BE BETWEEN EUR 64 AND 67 MILLION (PREVIOUSLY EUR 61-64 MILLION).Q1 FURTHER DOUBLE-DIGIT GROWTH IN GROUP REVENUE: +10.7% TO EUR 73.4 MILLION.  Full Article

Varta AG Q1 Adj EBITDA Up 50% At EUR 13.9 Mln
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Varta AG ::DGAP-NEWS: VARTA AG: QUARTERLY STATEMENT Q1 2018.GROUP REVENUE INCREASED IN Q1 2018 BY 11.5% TO EUR 68.3 MILLION.AT EUR 13.9 MILLION, ADJUSTED EBITDA WAS 50,0% HIGHER COMPARED TO SAME PERIOD OF PREVIOUS YEAR.Q1 GROUP RESULT AT EUR 8.0 MILLION VERSUS EUR 3.8 MILLION YEAR AGO.STILL EXPECTS FOR FULL YEAR 2018 A SIGNIFICANTLY IMPROVED RESULT AS COMPARED TO PREVIOUS YEAR.  Full Article

Varta FY Group Profits Up At EUR 13.5 Mln
Tuesday, 10 Apr 2018 

April 10 (Reuters) - VARTA AG ::FY ADJUSTED EBITDA INCREASES 50% AND EBIT 59% - A FURTHER BIG IMPROVEMENT ON 2016.FY SALES OF EUR 242.2 MILLION 13% UP ON PREVIOUS YEAR.FY EBIT GREW BY 59% FROM EUR 14.8 MILLION TO EUR 23.6 MILLION.FY GROUP PROFITS ROSE 44% IN 2017 TO EUR 13.5 MILLION.OUTLOOK 2018: FURTHER SIGNIFICANT INCREASE IN SALES.  Full Article

Varta FY Sales Up At EUR 242.2 Million
Monday, 19 Mar 2018 

March 19 (Reuters) - Varta AG ::FY SALES OF VARTA AG-GROUP INCREASED BY AROUND 13.3 % FROM EUR 213.8 MILLION TO EUR 242.2 MILLION.  Full Article

VARTA Says Steffen Munz will become a new CFO
Friday, 26 Jan 2018 

Jan 26 (Reuters) - VARTA AG ::DGAP-NEWS: VARTA AG: VARTA AG STRENGTHENS MANAGEMENT BOARD.‍STEFFEN MUNZ JOINS VARTA AG AS CFO​.  Full Article

Varta 9-mth EBIT up at EUR 26.5 mln
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - VARTA AG ::9-MONTH ‍SALES OF EUR 180.2 MILLION IS 12.1% ABOVE PREVIOUS YEAR​.‍EBIT OF FIRST NINE MONTHS WITH EUR 26.5 MILLION IS ALREADY 78.6% HIGHER THAN FY 2016​.‍STILL EXPECTS FOR FULL YEAR 2017 A SIGNIFICANTLY IMPROVED RESULT AS COMPARED TO PREVIOUS YEAR​.9-MONTH ‍CONSOLIDATED RESULT 17.7 MILLION EUR, UP 104.5%​.  Full Article

Varta opens 39 pct above issue price in Frankfurt debut
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Varta VAR1.DE:Shares start trading at 24.25 euros in Frankfurt debut versus issue price of 17.50 euros.  Full Article

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Germany ready to back new electric car battery consortium

BERLIN European states are discussing the creation of a second European battery cell production consortium, the German economy ministry said on Friday, as carmakers prepare to launch a raft of new electric cars at the Frankfurt Auto Show next week.