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: www.varta-ag.com/hauptversammlung/.

Press contact

VARTA AG
Dr. Christian Kucznierz
Head of Corporate Communications

VARTA-Platz 1
73479 Ellwangen

Phone: +49 (7961) 921 – 2727


VARTA AG
Bernhard Wolf
Head of Investor Relations

VARTA-Platz 1
73479 Ellwangen

Phone: +49 79 61 921-2969


About VARTA AG

VARTA AG produces and markets a comprehensive battery portfolio from micro batteries, household batteries, energy storage systems to customer-specific battery solutions for a variety of applications and, as a technology leader, sets industry standards in important areas. As the parent company of the group, it operates in the business segments "Lithium-Ion Solutions & Microbatteries" and "Household Batteries". The "Lithium-Ion Solutions & Microbatteries" segment focuses on microbatteries, lithium-ion coin power, lithium-ion round cells (lithium-ion large cells) and the lithium-ion battery pack business. Through intensive research and development, VARTA sets global standards in many areas of lithium-ion technology and microbatteries, making it a recognized innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries. The “Household Batteries” segment comprises the battery business for end customers, including household batteries, accumulators, chargers, portable power (power banks) and lights as well as energy storage devices. The VARTA AG Group currently employs almost 4,800 people. With five production and manufacturing facilities in Europe and Asia as well as sales centers in Asia, Europe and the USA, the operating subsidiaries of VARTA AG are currently active in over 75 countries around the world.