- Balance sheet restructuring and StaRUG proceedings completed
- Dr. Ing. h.c. F. Porsche Aktiengesellschaft and DDr. Michael Tojner are now new shareholders
- Fresh liquidity secures future investments and operational company development
- Financing secured for the long term with significantly reduced debt
- Production and research in the field of battery technology and jobs in Europe guaranteed
Ellwangen, 1 April 2025 - VARTA AG has successfully completed its balance sheet restructuring and strategic realignment. DDr. Michael Tojner and Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche”) are new indirect shareholders of the company. Following the cash and non-cash capital increase in the amount of EUR 60 million and the provision of new financing in the amount of EUR 60 million, the Group's liquidity has been significantly strengthened and guarantees the next operational growth steps and future investments. At the same time, debt has been substantially reduced to EUR 230m and the financing of the VARTA AG Group has been secured for the long term. Following the now effective structural and accounting measures of the restructuring concept, its operational implementation will continue as planned until the end of 2027.
VARTA AG is now once again fully focused on growth in its core business and its role as an innovation leader in high-end energy storage solutions. Accordingly, the production and research capacities at domestic locations will be secured and strengthened the European supplier cluster for high-performance batteries. The goal is to place the company on a profitable and sustainable growth path in the short term.
Michael Ostermann, CEO of VARTA AG, comments: “The great joint efforts of the past months are now bearing fruit: VARTA AG is financially solid and future-proof with strong new shareholders. We can and will now demonstrate that the trust in our products and our innovative strength was well-placed. I would like to take this opportunity to thank our employees and our business partners in particular for their support and patience during these challenging times.”
DDr. Tojner, Chairman of the Supervisory Board of VARTA AG: “Today marks the beginning of a new chapter in VARTA AG’s 140-year history. Despite recent challenges, I remain confident in the company’s market potential and technological strength. A strong battery manufacturer is essential for Europe and Germany to capitalize on the many growth opportunities in this sector. VARTA AG must and will play a key role in shaping this future.”
Dr. Jochen Breckner, Member of the Executive Board for Finance and IT at Porsche AG: “VARTA AG and Porsche stand for technological excellence. We have already successfully demonstrated our innovative strength through our collaboration in the field of ultra-high-performance lithium-ion round cells. As a new shareholder, we aim to play our part in maintaining and further developing important future technologies in Germany.”