VARTA AG Annual General Meeting resolves first-ever dividend payment worth € 2.48 per share

The Annual General Meeting of VARTA AG has resolved the first dividend payment in the Company’s history. The dividend will amount to around € 100m, which equates to € 2.48 per share. Shareholders have therefore approved the proposal submitted by the Executive Board and Supervisory Board. Long-standing Supervisory Board members Frank Dieter Maier and Dr. Georg Blumauer will be stepping down from their roles, with Martin Ohneberg (93.3%) and Prof. Dr. Werner Tillmetz (95.0%) accordingly elected as their successors. The other members of the Supervisory Board, namely DDr. Michael Tojner, Sven Quandt, Dr. Harald Sommerer and Dr. Michael Pistauer, were re-elected for the next term of office.

The Annual General Meeting expressed its confidence in the Executive Board and Supervisory Board for fiscal year 2020 with a large majority and approved all items on the agenda, including the resolution on the approval of the remuneration system for members of the Executive Board, with a share of the vote of at least 89,0%. Due to the coronavirus pandemic, the Annual General Meeting took place as a virtual event, as was the case last year too, which shareholders were able to follow online. In the voting, around 26.1 million shares were represented, equating to a share of 64.7% of the share capital.

Dividend payments are a new phenomenon for the Ellwangen-based technology company. Further increased profitability and a low debt level have allowed VARTA AG to pay shareholders a dividend this year as well as, at the same time, making further large-scale investments in the Company’s lithium-ion business.  In this respect, a new lithium-ion battery factory is soon to be opened at the Nördlingen site, where in future the Company will have a total of 60,000 square meters of production space at its disposal. The pilot production line for new, large-format V4Drive rounded lithium-ion cells is set to go into operation on schedule at the end of this year. These ultra-high-performance cells are the subject of huge customer interest in the areas of Home&Garden and Automotive in particular.

Detailed information on voting records related to individual agenda items at the Annual General Meeting has been published at: https://www.varta-ag.com/hauptversammlung/.

Press contact

VARTA AG
News & Presse

VARTA-Platz 1
73479 Ellwangen

Phone: +49 (7961) 921 – 0


VARTA AG
Emanuel Sican
Head of Investor Relations

VARTA-Platz 1
73479 Ellwangen

Phone: +49 79 61 921-3115


About VARTA AG

VARTA AG produces and markets a comprehensive battery portfolio ranging from micro batteries, household batteries, energy storage systems to customised battery solutions for a variety of applications and sets the industry standards as a technology leader in key areas. As the parent company of the Group, it is divided into the segments "Micro Batteries", "Lithium-Ion CoinPower", "Consumer Batteries", "Energy Storage Systems" and "Other".
The "Micro Batteries" segment includes micro and hearing aid batteries, "Lithium-Ion CoinPower" small-format lithium-ion round cells for OEM applications. "Consumer Batteries" represents the business with household batteries, rechargeable batteries, chargers, portable power (power banks) and lights. “Energy Storage Systems" includes energy storage solutions for primarily private, but also for commercial applications. The "Other" segment includes the "Lithium-Ion Battery Packs" and "Lithium-Ion Large Cells" business units (high-performance lithium-ion round cells for industrial applications in the automotive and non-automotive sectors).
Through intensive research and development, VARTA sets global standards in many areas of lithium-ion technology and in micro batteries, making it a recognised innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries. The VARTA AG Group currently employs around 4,200 people. With five production and manufacturing facilities in Europe and Asia as well as distribution centres in Asia, Europe and the USA, VARTA AG's operating subsidiaries are currently active in over 100 countries worldwide.