The battery manufacturer Varta is in economic difficulties due to the shortage of semiconductors and the Ukraine war, but is looking positively at the second half of the year. The stock can stabilize.
As expected, Varta’s figures for the first half of the year declined significantly. In the first half of the year, the group generated sales of EUR 376.8 million after almost EUR 400 million in the same period of the previous year. Adjusted operating profit fell to EUR 68.9 million from EUR 112.3 million in the first half of 2021.
The start of production for new customer projects and the last quarter, which experience has shown to be strong in the area of household batteries, are important growth and earnings drivers, the company said. A revival is to be expected in the lithium-ion business in particular. That is already the most important market, according to Varta boss Herbert Schein. The desire for mobility and independence in all areas of life is unbroken.
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Varta share before another slump?
The Varta share is in a medium-term downward trend, but has stabilized between around 70 and 90 euros in the past few weeks. However, the MACD (Momentum) is turning slightly downwards again, so that the recent positive momentum has been lost. The 200-day line (red) is also falling significantly.
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