VARTA AG

Earnings Release • Apr 25, 2023

News Details

Ad-hoc | 25 April 2023 17:45

VARTA AG exceeds forecast for adjusted EBITDA in 2022

VARTA AG / Key word(s): Forecast

VARTA AG exceeds forecast for adjusted EBITDA in 2022

25-Apr-2023 / 17:45 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 exceeds forecast for adjusted EBITDA in 2022

VARTA AG will exceed its forecast target for adjusted EBITDA in the past financial year 2022. According to preliminary figures, the adjusted EBITDA will be 69.5 million euros and thus higher than forecast (55 to 60 million euros). The deviation from the upper end of the forecast range of 60 million euros results from one-time effects, especially from currency conversion, in the order of 10 million euros. Turnover amounts to 806.9 million euros and is thus at the lower end of the forecast range of 805 to 820 million euros. Nevertheless, due to a non-cash impairment of property, plant and equipment, especially for the Lithium-Ion CoinPower segment, the consolidated result will be negative at around minus 200 million euros.

VARTA AG will announce the final, audited business figures for 2022 on the evening of 28 th April 2023 after the close of Xetra trading.

End of Inside Information

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25-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:	1616835

End of Announcement	EQS News Service