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  3. •

    Electrical Equipment & Parts
Varta AG

Varta AG

VARGF
Varta AGUS flagOther OTC
20.20
USD
- -
- -
861.36MMarket Cap
2008 Y
2009 Y
2010 Y
2011 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
- -
0.16
0.44
0.05
23.94
7.73
7.11
9.2
21.51
22.34
19.96
19.46
18.6
19.32
Basic EPS, GAAP
- -
-0.65
1.96
-1.2
1.05
0.42
0.66
1.28
2.36
3.12
-4.96
-9.83
-1.51
-9.76
Free Cash Flow per Basic Share
- -
-0.94
-1.02
- -
2.7
0.7
1.83
2.68
5.76
3.09
0.5
2.05
-1.22
2.04
Dividend per Share
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
8.96
6.45
5.25
6.38
2.56
2.75
4.05
6.19
6.86
-0.4
-10.15
-4.65
-10.08
Tangible Book Value per Share
- -
8.42
6.56
5.36
4.98
6.67
6.24
9.99
10.76
11.16
3.46
-5.08
-5.39
-5.04
Basic Weighted Avg Shares
- -
5
5
5
9
31
38
39
40
40
40
42
43
42
Sales/Revenue/Turnover
- -
1
2
- -
214
242
272
363
870
903
807
820
793
820
Operating Margin (%)
- -
-373.04
-68.87
-990.79
6.79
11.28
14.15
20.55
16.95
21.57
-3.42
-5.12
-8.5
-5.12
Depreciation Expense
- -
- -
- -
- -
9
9
11
21
67
96
109
77
50
77
Net Income, GAAP
- -
-3
10
-6
9
13
25
50
95
126
-200
-414
-65
-414
Effective Tax Rate (%)
- -
- -
- -
- -
22.06
35.58
29.55
29
28.26
28.87
- -
- -
- -
- -
Profit Margin (%)
- -
-392.16
445.2
-2,599.12
4.4
5.48
9.3
13.89
10.97
13.95
-24.84
-50.51
-8.13
-50.51
Working Capital
50
36
40
27
28
155
168
215
58
16
-314
-352
-344
-352
LT Debt
- -
- -
- -
- -
16
- -
6
20
64
81
70
69
60
69
Total Equity
28
42
32
27
65
230
259
415
499
532
239
-125
-186
-125
Return on Invested Capital (%)
- -
- -
- -
- -
20.03
10.96
10.65
14.5
19.61
21.31
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
21.91
17.55
25.92
34.36
38.62
37.11
- -
- -
- -
- -
Return on Common Equity (%)
- -
-9.56
25.41
-20.48
22.67
19.36
27.29
38.09
46.57
47.74
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Jun'23
Sep'23
Dec'23
ST Debt
18
17
17
LT Borrowings
- -
- -
- -
LT Finance Leases
71
68
69
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
4,012
- -
792

Working Capital

FRC

•

in mil. unless spec.
Jun'23
Sep'23
Dec'23
Total Current Assets
414
423
461
Cash, Cash Equivalents & STI
54
40
120
Accounts Receivable, Net
79
108
115
Inventories
221
214
190
Total Current Liabilities
408
421
813
Payables & Accruals
- -
- -
- -
ST Debt
18
17
17
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.25%
-26.19%
49.1%
Free Cash Flow
- -
30.93%
-160.24%
Net Income, GAAP
-30.46%
-23.09%
-84.43%
Sales/Revenue/Turnover
9,377.92%
26.26%
-3.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
185
192
194
236
807
2023
164
175
215
266
820
2024
- -
- -
- -
- -
793

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.15
- -
- -
- -
-4.96
2023
-0.89
- -
- -
- -
-9.83
2024
- -
- -
- -
- -
-1.51

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Michael Ostermann
Full Time Employees
4,049
Sector
Industrials
Industry
Electrical Equipment & Parts
Address
VARTA-Platz 1 Ellwangen Germany 73479
IPO Date
Jan 10, 2019
Website
varta-ag.com
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Business
Varta AG manufactures and markets batteries and energy storage systems across two primary segments: Lithium-Ion Solutions & Microbatteries and Household Batteries; headquartered in Ellwangen, Germany, and founded in 1887, the company operates production facilities in Europe and Asia with sales in over 75 countries. In the Lithium-Ion Solutions & Microbatteries segment, Varta produces microbatteries for hearing aids and automotive applications, lithium-ion CoinPower cells for portable devices, large lithium-ion round cells, and custom lithium-ion battery packs for medical technology, robotics, connectivity, and telecommunications; the Household Batteries segment offers household batteries, rechargeable batteries, special batteries, lights, power banks, chargers, cables, accessories, and energy storage systems including the VARTA pulse neo wall-mounted model and VARTA flex storage for commercial use. Varta serves consumer, industrial, and medical markets with a workforce of nearly 4,200 employees focused on innovation in safety, performance, and sustainability through substantial R&D investments. In 2024-2025, Varta completed a comprehensive financial restructuring with a €120 million capital injection, including €30 million from Porsche AG and MT InvestCo, alongside €60 million in new senior financing, reducing liabilities to €200 million and delisting from the stock exchange while securing domestic production; Porsche acquired a majority stake in Varta's V4Drive Battery GmbH subsidiary, rebranded as V4Smart, for large-format lithium-ion cells used in the Porsche 911 GTS hybrid, with expanded production starting April 2025 at sites in Ellwangen and Nördlingen employing around 375 staff. Varta continues gigawatt-scale energy storage expansion in Neunheim, Ellwangen, and maintains its role as a technology leader post-restructuring under new indirect shareholders Porsche and Michael Tojner.

Company News

APIChat

  • reuters.com

    German cartel office approves Porsche's sole control of Varta's V4Drive

  • proactiveinvestors.co.uk

    Porsche bales out ailing battery maker Varta

  • reuters.com

    Porsche agrees to provide capital in Varta restructuring deal

  • reuters.com

    German battery maker Varta eyes Porsche investment for battery unit

  • barrons.com

    This German Battery Maker Supplies Apple AirPods. That Hasn't Helped the Stock.