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Varta AG

VAR1.DE

Latest Trade

84.30EUR

Change

-2.60(-2.99%)

Volume

49,634

Today's Range

82.50

 - 

86.90

52 Week Range

24.30

 - 

91.30

As of on the XETRA ∙ Minimum 15 minute delay

Pricing

Previous Close
86.90
Open
86.80
Volume
49,634
3M AVG Volume
1.89
Today's High
86.90
Today's Low
82.50
52 Week High
91.30
52 Week Low
24.30
Shares Out (MIL)
40.42
Market Cap (MIL)
3,512.65
Forward P/E
83.42
Dividend (Yield %)
--

Next Event

Varta AG Annual Shareholders Meeting

Latest Developments

More

Varta To Produce Over 150 Million Lithium-Ion Batteries Cells Per Year In 2022

Varta H1 Adjusted EBITDA Up 54.6% To EUR 37.2 Million

Varta AG Capital Increase Bookrunner Says Deal Expected To Price At 46.70 Euros

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About Varta AG

Varta AG is a Germany-based company engaged in the administration of its former property. Its activity is mainly focused in the management of its own assets, in particular the sale and liquidation of individual assets, contracts, liabilities and shareholdings relating to the business areas previously managed by the Company itself and its subsidiaries, specially the manufacture and sale of VARTA batteries, including the administration of assets acquired or held in this respect. The Company’s majority shareholder is ETV Holding AG with 94.82% of its interest.

Industry

Electronic Instr. & Controls

Contact Info

Daimlerstr. 1

+49.7961.921699

https://www.varta-ag.com/

Executive Leadership

Michael Tojner

Chairman of the Supervisory Board

Herbert Schein

Chairman of the Management Board, Chief Executive Officer

Harald Sommerer

Deputy Chairman of the Supervisory Board

Steffen Munz

Chief Financial Officer, Member of the Management Board

Georg Blumauer

Member of the Supervisory Board

Key Stats

2.67 mean rating - 6 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2017

0.2K

2018

0.3K

2019(E)

0.4K
EPS (EUR)

2017

0.550

2018

0.740

2019(E)

1.042
Price To Earnings (TTM)
110.96
Price To Sales (TTM)
12.15
Price To Book (MRQ)
9.24
Price To Cash Flow (TTM)
83.50
Total Debt To Equity (MRQ)
7.53
LT Debt To Equity (MRQ)
6.55
Return on Investment (TTM)
8.49
Return on Equity (TTM)
6.65

Latest News

Germany ready to back new electric car battery consortium

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.

Germany mulls creation of new electric car battery consortium

The German economy ministry said on Friday a second European battery cell production consortium was being discussed and preliminary agreements were expected by this autumn.

Second European EV battery consortium underway -Handelsblatt

Germany has agreed in principle with eight other European nations to set up a second consortium for the production and recycling of battery cells for cars, daily Handelsblatt reported, citing economy minister Peter Altmaier.

German stocks - Factors to watch on August 6

The following are some of the factors that may move German stocks on Tuesday:

UPDATE 1-Germany to support three battery cell alliances - economy minister

* Push aimed at reducing dependence on Asian suppliers (Adds McKinsey on expected demand, background)

Germany to support three battery cell alliances - economy minister

Germany will support three company alliances with earmarked funds of 1 billion euros for the domestic production of battery cells in an effort to reduce carmakers' dependence on Asian suppliers, Economy Minister Peter Altmaier told Reuters.

Varta hikes production on demand boom, considers capital increase

German battery maker Varta will increase production to over 100 million cells a year in 2021, it said on Wednesday, to meet demand in a market growing more than 30% a year thanks to trends for wireless connectivity and miniaturisation.

Packaging firm Aluflexpack to launch IPO next week: sources

Packaging maker Aluflexpack is preparing to launch a stock market flotation in Zurich early next week, hoping to benefit from robust capital markets, people close to the matter said.

Packaging firm Aluflexpack to launch IPO next week -sources

Packaging maker Aluflexpack is preparing to launch a stock market flotation in Zurich early next week, hoping to benefit from robust capital markets, people close to the matter said.

German stocks - Factors to watch on May 21

The following are some of the factors that may move German stocks on Tuesday:

German stocks - Factors to watch on May 7

The following are some of the factors that may move German stocks on Tuesday:

France, Germany to support battery cell consortium including PSA, Saft

France and Germany have asked the European Commission to approve state subsidies for a cross-border battery cell consortium including carmaker PSA with its German subsidiary Opel and French battery maker Saft, a German official said on Monday.

German stocks - Factors to watch on March 28

The following are some of the factors that may move German stocks on Thursday:

Europe must build world's best batteries to save jobs - German minister

German Economy Minister Peter Altmaier said Europe was under pressure in the race to set up production of battery cells for electric cars in order to keep up with China or the U.S., Tagesspiegel newspaper reported on Friday.

UPDATE 1-Sweden's Northvolt applies for German battery production subsidies

Swedish battery manufacturing startup Northvolt has applied for a German government funding scheme aimed at supporting battery cell production for electric vehicles, the company said on Tuesday.

Volkswagen wants to participate in battery cell subsidies scheme

Volkswagen on Monday said it had expressed its intent to Germany's Economy Ministry to participate in a state funding scheme aimed at supporting battery cell production for electric vehicles.

German stocks - Factors to watch on March 18

The following are some of the factors that may move German stocks on Monday:

BMW, Varta apply for funds in battery cell push for e-cars

Luxury carmaker BMW and Germany's Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government.

Germany's Varta applies for battery cell production subsidies

German battery maker Varta on Friday said it had applied for government subsidies to mass-produce lithium-ion battery cells, as the Economy Ministry's deadline for companies to send in their applications to receive state subsidies ends.

German stocks - Factors to watch on March 6

The following are some of the factors that may move German stocks on Wednesday:

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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