![]() ![]() In view of the multiple risks and uncertainties, the Company expects consolidated sales of EUR 805 to 820 million in fiscal 2022 (2021: EUR 902.9 million). In order to optimize the operating cash flow, the Company aims to reduce inventories and make general adjustments to working capital. However, this is being done with caution and depending on the market and competitive situation. The Company is currently attempting to pass on cost increases to customers, at least in part, through price increases. ![]() The developments in the two segments "Lithium-Ion Solutions & Microbatteries" and "Household Batteries" have led to an overall negative change in the sales and earnings mix. However, due to a significantly higher proportion of raw materials, these products are subject to disproportionately high price increases. Consumer, were able to increase sales slightly. Customer projects in the high-margin segment "Lithium-Ion Solutions & Microbatteries" were not called off as planned, resulting in a decline in sales and earnings. That is because raw material and energy costs have risen sharply, and it is not assessable how long these increased levels will continue or if they will even rise further. While the direct impact of the war in Ukraine on the Company is small, Varta is indirectly strongly affected. The main effect is that the increased costs can only be partially passed on to customers and with a significant delay. The history of lithium-ion technology of Varta AG. This drags earnings and causes the stock market's valuation to fall. Nevertheless, the significant weakening in demand for CoinPower cells (TWS division) and higher raw material and energy prices have led to a significant drop in sales. ![]() Varta has a good position in its core markets. Instead, since the start of the war in Ukraine, market conditions have tightened to such an extent that Varta has even had to fear for a contract extension with its most important customer Apple. Tabula rasa for the battery manufacturer from Ellwangen, Germany.įor a long time, investors had hoped that the battery manufacturer from Ellwangen would be able to come up with groundbreaking news on e-mobility. ![]()
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