VARTA AG

Earnings Release • Apr 28, 2023

News Details

Ad-hoc | 28 April 2023 09:35

VARTA AG adjusts forecast for 2023

VARTA AG / Key word(s): Forecast

VARTA AG adjusts forecast for 2023

28-Apr-2023 / 09:35 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

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

VARTA AG adjusts forecast for 2023

VARTA AG adjusts its forecast for the financial year 2023. Accordingly, revenue is expected to be between 820 and 870 million euros (previously: 850 to 880 million euros). Adjusted EBITDA is expected to be at least at the previous year’s level. The reason for the deviations in revenue is an uncertain market development and the resulting volatile forecast purchase volumes on the part of customers, especially in the area of small-format lithium-ion cells.

End of Inside Information

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28-Apr-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:	1619905

End of Announcement	EQS News Service