VARTA AG moving up: shares included on both MDAX and TecDAX

As announced by Deutsche Börse on December 04, 2019, VARTA shares are now to be included on both the MDAX and TecDAX. The MDAX comprises the 60 “medium-sized” German stock companies (Aktiengesellschaften) across all industries, which, in terms of market capitalization and stock market order book volume, rank directly below the 30 DAX entities. In addition, Deutsche Börse has also approved the inclusion of VARTA shares on the TecDAX. This index includes the 30 largest, most lucrative German technology companies based on trading volume. Varta shares have also been listed on the SDAX – the share index for Small Caps – since March 18, 2019. The newly composed index will take effect as of December 23.

Herbert Schein, CEO of VARTA AG: “I am delighted with VARTA AG’s double inclusion on both the MDAX and the TecDAX. With more than 130 years’ experience in battery technology, we have now assumed a prime, global position as technology and innovation leaders at the forefront of our market segments. Our intention is to shape the future of battery technology on the back of substantial investments in research and development.”

CFO Steffen Munz adds: “Our rapid ascent to the MDAX and additional inclusion on the TecDAX represents further proof of the appeal of the VARTA share. Since the IPO in 2017, the share price has increased more than sixfold, making the VARTA share one of the best performing stocks in 2019. We will now appeal to even larger, global investor groups.”

On October 2019, VARTA AG presented its financial figures for the first nine months of 2019. Thanks to a very strong third quarter, the Group has further accelerated its high growth momentum and has again improved its profitability very significantly: Highly dynamic growth of 22.0% to € 242.8m was again registered for Group revenue. Adjusted EBITDA again recorded a significantly above-average increase of 66.5% to EUR 63.0m. The adjusted EBITDA margin improved very sharply by 6.9 percentage points to 25.9%.

VARTA AG is very confident with regard to the outlook for fiscal year 2019 and has taken the decision to again raise its 2019 guidance. Revenue is now expected to range between € 330m and 340m, while adjusted EBITDA should now be in a corridor between € 84m and 88m.

Further information can be found in the Deutsche Börse press release:
https://dax-indices.com/press-releases-details?articleId=1608106787

About VARTA AG
As the parent company of the Group, VARTA AG is active in the business segments Microbatteries and Power & Energy through its operating subsidiaries VARTA Microbattery GmbH and VARTA Storage GmbH. Already today an innovation leader in the microbatteries sector and one of the market leaders for hearing-aid microbatteries, VARTA Microbattery GmbH also aspires to market leadership for lithium-ion batteries in wearables and, in particular, hearables. VARTA Storage GmbH focuses on intelligent energy solutions for customized battery storage systems for OEM customers and the design, system integration and assembly of stationary lithium-ion energy storage systems. The VARTA AG Group’s operating subsidiaries are currently active in more than 75 countries around the world, with five production and assembly facilities in Europe and Asia as well as distribution centers in Asia, Europe and the USA.

Contact:
Bernhard Wolf
Head of Investor Relations
Tel: +49 79 61 921-969
bernhard.wolf@varta-ag.com

Nicole Selle
Corporate Communications
Tel.: +49 79 61 921-221
nicole.selle@varta-ag.com

Press contact

VARTA AG
Nicole Selle
Corporate Communications

VARTA-Platz 1
73479 Ellwangen

Phone: +49 172 605 58 37


VARTA AG
Emanuel Sican
Head of Investor Relations

VARTA-Platz 1
73479 Ellwangen

Phone: +49 79 61 921-3115