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.