VAR1.DE
Latest Trade
84.30EURChange
-2.60(-2.99%)Volume
49,634Today's Range
-
86.9052 Week Range
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91.30As of on the XETRA ∙ Minimum 15 minute delay
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 %) | -- |
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
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
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
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 |
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.
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.
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.
The following are some of the factors that may move German stocks on Tuesday:
* Push aimed at reducing dependence on Asian suppliers (Adds McKinsey on expected demand, background)
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.
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 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 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.
The following are some of the factors that may move German stocks on Tuesday:
The following are some of the factors that may move German stocks on Tuesday:
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.
The following are some of the factors that may move German stocks on Thursday:
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.
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 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.
The following are some of the factors that may move German stocks on Monday:
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.
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.
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.