The battery group Varta AG (ISIN: DE000A0TGJ55) does not intend to pay a dividend for the 2022 financial year. In the previous year, shareholders received a dividend of EUR 2.48. The general meeting of the group listed in the SDAX will take place on July 11, 2023.
Varta, based in Ellwangen in Baden-Württemberg, presented the final business figures for 2022 on Friday. Group sales fell by 10.6 percent to EUR 806.9 million in the 2022 financial year. Adjusted EBITDA fell by 75.4 percent to EUR 69.5 million. The adjusted EBITDA margin was 8.7 percent (previous year: 31.3 percent). The bottom line was a negative consolidated result of EUR -200.4 million in the books, after a positive result of EUR 126 million was achieved in the previous year.
A restructuring program is intended to bring Varta back on the profitable growth path. In addition to group-wide cost savings, which were already implemented in the fourth quarter of 2022, the company raised around EUR 51 million in new capital in March 2023 with a capital increase. For the 2023 financial year, the Executive Board expects sales of between EUR 820 million and EUR 870 million and assumes an adjusted EBITDA of at least the magnitude of the previous year.
Varta produces and markets a battery portfolio ranging from micro batteries, household batteries, energy storage systems to customer-specific battery solutions and currently employs around 4,700 people.
Editorial team MyDividends.de
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