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DGAP-Ad-hoc: VARTA AG / Key word(s): Change in
Forecast
VARTA AG: Preliminary results for the first
half of 2022 and adjustment of outlook for the
current financial year
30-Jul-2022 / 08:54 CET/CEST
Disclosure of an inside information acc. to
Article 17 MAR of the Regulation (EU) No 596/2014,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the
content of this announcement.
VARTA AG, Ellwangen,
ISIN: DE000A0TGJ55
Publication of insider information pursuant to
Article 17 of Regulation (EU) Nr. 596/2014
Preliminary results for
the first half of 2022 and adjustment of outlook for
the current financial year
Ellwangen, 30
th
July 2022
VARTA AG: Preliminary results for the first half
of 2022 and adjustment of outlook for the current
financial year
| ― |
Revenue was declining by 5.2% to 376.8 EUR
million (Half year 2021: 397.6 EUR
million)
|
| ― |
Adjusted EBITDA reaches 68.9 EUR million
(Half year 2021: 112.3 EUR million) and is
below expectations
|
| ― |
Outlook for 2022 adjusted
|
Ellwangen, July 30th, 2022 - According to
preliminary figures, VARTA AG achieved revenue of
EUR 376.8 million in the first half of 2022
(Half year 2021: EUR 397.6 million). This corresponds
to a decline in sales of 5.2% percent compared to the
same period last year.
Preliminary adjusted EBITDA (earnings before
interest, taxes, depreciation and amortisation) was
EUR 68.9 million (first half of 2021: EUR 112.3
million), which was below our expectations.
The main reasons are delays in customer projects
as well as the continuing tense situation with raw
material, energy prices and high transport costs.
Against the background of the increased
uncertainties in the course of the year, the
Executive Board has decided to update the forecast
for the financial year. The Executive Board expects a
revenue of EUR 880 million to EUR 920 million
(previously EUR 950 million to EUR 1 billion) and an
adjusted EBITDA of EUR 200 million to EUR 225 million
(previously EUR 260 million to EUR 280 million).
The final figures for the first half of 2022 will
be announced on 11
th August 2022 at
https://www.varta-ag.com/publications.
30-Jul-2022 CET/CEST The DGAP Distribution
Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: |
MDAX, SDAX,
TecDax, |
| Listed: |
Regulated Market in
Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate
Exchange |
| EQS News ID: |
1409687 |
|
|
| End of
Announcement |
DGAP News
Service |
1409687 30-Jul-2022 CET/CEST |