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Varta AG
VAR1.DE
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VARTA AG Reports 2024 Sales Drop to EUR 793.2M, Adjusted EBITDA at EUR 30.6M

VARTA AG reported a sales drop to EUR 793.2 million in 2024, down from EUR 820.3 million in 2023. The company’s EBITDA fell to EUR -3.5 million, while adjusted EBITDA was EUR 30.6 million, down from EUR 50.4 million. These results reflect the impact of operational restructuring and a cyber-attack. VARTA is focusing on sustainable profitability, enhancing its core businesses in micro and household batteries, and energy storage systems. CEO Michael Ostermann highlighted the importance of strategic focus, and a new supervisory board is expected to strengthen governance.

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VARTA AG Releases Sustainability Report 2024

VARTA AG has released its Sustainability Report 2024, which consolidates information on its controlled companies and addresses management of climate change impacts, resource use, and circular economy opportunities. The report includes disclosures under Article 8 of Regulation (EU) 2020/852 and details about the company's workforce. The full report is accessible via a provided link. This news brief was generated by Public Technologies and is for informational purposes only, not to be considered as financial or legal advice.

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Varta Expects Cancellation Of Existing Shares, Delisting

VARTA AG :EXPECTS THE CAPITAL MEASURES TO TAKE EFFECT IN THE SHORT TERM, LEADING TO THE CANCELLATION OF THE EXISTING SHARES AND TO A DELISTINGTO REDUCE SHARE CAPITAL TO EUR 0 AND INCREASE CAPITALBOARD APPROVES CAPITAL REDUCTION AND INCREASENEW SHARES SUBSCRIBED BY COMPANIES CONTROLLED BY MAJORITY SHAREHOLDERPREVIOUS SHAREHOLDERS ELIMINATED WITHOUT COMPENSATIONTO CREATE CONDITIONS FOR DISBURSEMENT OF EUR 60 MILLION LOAN

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Porsche AG Says It Acquired V4drive From Varta AG On March 1, 2025

DR ING HC F PORSCHE AG :PORSCHE AG ACQUIRED V4DRIVE GMBH FROM THE VARTA AG GROUP ON MARCH 1, 2025VARTA AG WILL RETAIN A MINORITY STAKE WITHOUT ANY OPERATIONAL INFLUENCEV4DRIVE IS BEING REBRANDED AS V4SMARTPLANNED FROM APRIL ONWARDS, CYLINDRICAL CELLS WILL ALSO BE MANUFACTURED IN A NEW FACILITY AT THE NÖRDLINGEN SITEPORSCHE AG INTENDS TO CONTINUE WITH ACQUIRING A STAKE IN VARTA AG

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