VARTA WKN: A0TGJ5 ISIN: DE000A0TGJ55 Kürzel: VAR1 Forum: Aktien Thema: Hauptdiskussion
Meet 🎥 Bernhard Wolf, Head of Investor Relations at VARTA AG. Bernhard guides you through the H1-2022 Financials and will provide details on the business and financial developments ❗️ 👉🏽 https://lnkd.in/ep3yG8RN 📌VARTA AG is confident about the second half of the year, despite the global challenges: 🔋Despite continuing global challenges, VARTA AG is expecting a significantly stronger second half of the current fiscal year compared with the first six months of 2022. 🔋The start of production for new customer projects and the experience-based strong last quarter in the business unit Consumer Batteries are important growth and earnings factors, notwithstanding the ongoing consequences of COVID-19 and the war in Ukraine, which impacted the company in the first six months of the year. 🔋Local lockdowns and problems with semiconductor and energy deliveries led to production stoppages at some customers. In addition, prices for raw materials and energy rose steeply. As a result, on July 30, VARTA AG adjusted its outlook for 2022. 🔋The technology company now expects consolidated revenue of between € 880m and € 920m (instead of previously € 950m to € 1bn) and adjusted EBITDA of between € 200m and € 225m (originally € 260m to € 280m). 🔋Nevertheless, VARTA AG anticipates increased sales momentum for the coming months, especially in the lithium-ion business. Investment in the expansion of production capacities is ongoing. Watch Bernhard´s H1-2022 Financials Presentation here: 👉🏽 https://lnkd.in/ep3yG8RN
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