VARTA AG

Earnings Release • Nov 10, 2023

News Details

Ad-hoc | 10 November 2023 11:05

VARTA AG: VARTA AG exceeds market expectations for the third quarter and confirms full-year guidance

VARTA AG / Key word(s): Forecast

VARTA AG: VARTA AG exceeds market expectations for the third quarter and confirms full-year guidance

10-Nov-2023 / 11:05 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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VARTA AG, Ellwangen, ISIN: DE000A0TGJ55

Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

VARTA AG exceeds market expectations for the third quarter and confirms full-year guidance

VARTA AG exceeded market expectations in the third quarter of fiscal year 2023. According to preliminary, unaudited figures, revenue in the third quarter totalled € 215.1 million and adjusted EBITDA € 29.4 million. Accordingly, revenue for the first nine months of the current year amounted to € 554 million and adjusted EBITDA to € 22.6 million. VARTA also confirms the full-year forecast for 2023: revenue around € 820 million, adjusted EBITDA between € 40 million and € 60 million.

Contact:

Emanuel Sican

Head of Investor Relations, VARTA AG

VARTA-Platz 1, 73479 Ellwangen

Tel.: +4979619213115

IR@varta-ag.com

End of Inside Information

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10-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	VARTA AG
	VARTA-Platz 1
	73479 Ellwangen
	Germany
Phone:	+49 (0)791-921-0
E-mail:	info@varta-ag.com
Internet:	www.varta-ag.com
ISIN:	DE000A0TGJ55
WKN:	A0TGJ5
Indices:	SDAX,
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1770767

End of Announcement	EQS News Service