Postponement of the financial earnings FY2022

Dear Investors,

We regret to inform you that VARTA must postpone the planned publication of its FY2022 financial earnings until 28 April 2023, in the evening after Xetra closing. The reason for the delay is the additional organizational effort for the preparation of the financial statements in connection with the recently submitted restructuring concept. The necessary approval of the financing banks’ committees was granted on 17 April 2023.

With the finalized restructuring concept, VARTA AG has taken a decisive step towards the future. We are firmly convinced that this will put us back on a profitable growth course.
We, again, are deeply sorry for the inconvenience caused by the delay.

Yours sincerely
Armin Hessenberger (CFO)

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.