(New: Public funding for battery developments)
ELLWANGEN (dpa-AFX) – The battery manufacturer Varta
is optimistic about his in the middle of the coronavirus crisis
Business development in the current year. Because of the world
spreading corona virus are not negative influences
exclude, but there are currently no indications for this, said
the company on Tuesday in Ellwangen. Therefore you go to
Outlook for 2020 with no impairments.
Specifically, Varta expects consolidated sales to be between 780 and 800
Million euros in the current financial year. Adjusted profit before
Interest, taxes and depreciation (Ebitda) is between 175 and
185 million euros expected. As already known, the climbed
Sales last year increased by around a third to 362.7 million
Euro. Adjusted Ebitda rose 94 percent to 97.5 million
Euro.
Varta is currently the market leader for batteries in wireless headphones,
who are currently experiencing a boom. Already last Friday
the company had announced its 2019 profit
withheld for further investment. The came on the stock exchange
2020 forecast initially very good, even if the sales forecast
somewhat below the average Bloomberg has recorded so far
Analyst estimate lies. At the close, they were with one
Discount of almost six percent, however, the weakest Dax value.
Börsian criticized. that the goals of Varta are not yet
Corona crisis burdens considered.
The mood was slightly improved in the early evening by a
further communication from the company. Accordingly, Varta goes over the
entire duration of a subproject for battery development from
funding from the state of Baden-Württemberg and the
Federal Ministry of Economics from up to 198 million euros / h
ISIN DE000A0TGJ55
AXC0518 2020-03-31 / 20: 26
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