Craft

VARTA

Stock Price

€20.4

2023-08-31

Market Capitalization

€868.2 M

2023-08-31

Revenue

€806.9 M

FY, 2022

VARTA Summary

Company Summary

Overview
Varta is a company that produces and markets micro batteries and energy storage solutions. The Company offers zinc-air micro batteries for use in hearing aids, and rechargeable micro batteries for use in entertainment devices, such as wireless headsets, as well as industrial and OEM end products comprising handheld scanners. It also provides stationary lithium-ion energy storage solutions for renewable energies in households and industries, and customized energy storage solutions for use in medical devices and humanoid robotics.
Type
Public
Status
Active
Founded
1887
HQ
Ellwangen (Jagst), DE | view all locations
Website
https://www.varta-ag.com/?lang=en
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Herbert Schein

    Herbert Schein, CEO

    • Steffen Munz

      Steffen Munz, Managing Director, CFO

      • Armin Hessenberger

        Armin Hessenberger, CFO

        • Michael Tojner

          Michael Tojner, Majority shareholder, Supervisory board chairman

          LocationsView all

          17 locations detected

          • Ellwangen (Jagst), BW HQ

            Germany

            Varta Platz 1

          • Rye, NY

            United States

            555 Theodore Fremd Ave C304

          • Shenzhen Shi, Guangdong Sheng

            China

          • Shanghai Shi

            China

            6999B Chuansha Rd, Pudong Xinqu

          • La Garenne-Colombes, Île-de-France

            France

            12, 14 Rue Raymond Ridel

          • Ellwangen (Jagst), BW

            Germany

            Alfred-Krupp-Straße 9

          and 11 others

          VARTA Financials

          Summary Financials

          Revenue (Q2, 2023)
          €174.8M
          Gross profit (Q2, 2023)
          €78.9M
          Net income (Q2, 2023)
          (€72.6M)
          Cash (Q2, 2023)
          €54.0M
          EBIT (Q2, 2023)
          (€61.1M)
          Enterprise value
          $1.4B

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