[Translate to English:] VARTA Microbattery [Translate to English:] VARTA Microbattery
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    VARTA AG

    is prepared for the challenges of the 21st century, with innovativeness, engineering competences, a global network, and a wide range of products.

    Company

    You will find detailed information about VARTA AG on the following pages. We present you our business model, our Management Board and the company’s Supervisory Board. You will also find further details on our investment highlights and can access our financial figures.

    • Business Model
    • Management Board
    • Supervisory Board
    • Financial Figures

    Business Model

    VARTA AG produces and markets an extensive battery portfolio from microbatteries, household batteries, energy storage systems to customer-specific battery solutions for a wide range of applications. As the group’s parent company, it operates in the business segments ‘Microbatteries & Solutions’ and ‘Household Batteries’.

    The Microbatteries & Solutions segment focuses on the OEM business for microbatteries and on the lithium-ion battery pack business. Through intensive research and development, VARTA sets the global benchmark in the microbattery segment and is an acknowledged innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries.

    The Household Batteries segment focuses on the battery business for end customers, including household batteries, rechargeable batteries, chargers, portable power (power banks) and lights as well as energy storage systems.

    The VARTA AG group currently employs almost 4,000 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 worldwide.

    Due to the high demand for our batteries, we have to partially expand our production capacities massively. A clear proof for the attractiveness and quality of our products. We consider ourselves a technology leader constantly testing the limits of energy storage. Our success is rooted in a capable R&D department and pioneering innovations.

     

    Management Board

    HERBERT SCHEIN

    CEO

    Read Bio

    Armin Hessenberger

    CFO

    Read Bio

    Management

    HERBERT SCHEIN

    • Born in 1965
    • German citizen
       

    Education

    • University degree in electrical engineering

    Professional experience

    • Since 2016: Chairman of the Executive Board of VARTA AG
    • Since 2011: CEO of VARTA Storage GmbH
    • Since 2008: CEO of VARTA Microbattery GmbH
    • Joined VARTA more than 25 years ago
    • As part of Group mandates, Mr. Schein is Managing Director of VARTA Microbattery GmbH, VARTA Storage GmbH and VARTA Micro Production GmbH
    • Mr. Schein has no further external supervisory board or executive functions

    Relevant knowledge and experience

    • Well established in various battery markets requiring expertise in battery technology coupled with battery industry insight and in depth knowledge
    • Competences to include battery markets, innovation, technology, marketing & sales
    • Deep understanding and direct successful experience in market launches of new products and of setting up production facilities in Europe and Asia
    • Extensive knowledge and experience in the conception and execution of business strategies for international business segments

    Management

    Armin Hessenberger

    • Born in 1966
    • Austrian nationality

    Education

    • Master of Business Administration, California State University Hayward (now CSU East Bay), completed at IMADEC University Vienna
    • Degree in commercial studies, special business administration and foreign trade, WU Vienna

    Occupational History

    • 2016 – 2020 Chief Business Officer, Montana Tech Components AG
    • 2005 – 2016 Head of Controlling, Mayr-Melnhof Packaging International GmbH, in addition Chairman of the Board of Directors of Al-Ekbal in Amman/Jordan
    • 1997 – 2005 Head of Network Development und Asset Management, in addition Head of Technology, Agip Austria GmbH / Vienna
    • 1991 – 1997 Controlling, Solvay Österreich AG / Vienna
    • 1990 – 1991 Commercial Services Coordinator, Hewlett Packard / Vienna

    Supervisory Board

    DDr. MICHAEL TOJNER

    Majority Shareholder and
    Chairman of VARTA AG

    Read Bio

    Dipl.-Ing. FRANK DIETER MAIER

     

     

    Read bio

    SVEN QUANDT

     

     

    Read bio

    Dr. HARALD SOMMERER

     

    Read bio

    Dr. GEORG BLUMAUER LL.M.

     

    Read bio

    Dr. MICHAEL PISTAUER

     

    Read bio

    Supervisory Board

    DDr. MICHAEL TOJNER

    Education

    • Harvard Business School
    • Stanford University
    • Postgraduate Studies Doctor of Laws, Vienna University
    • Postgraduate Studies Doctor for Science of Management, University of Economics and Business Vienna

    Occupational History

    • Since 2006: Montana Tech Components AG, Switzerland (CEO & Majority Owner)
    • Since 1998: Global Equity Partners Beteiligungs-Management GmbH (Managing Partner)
    • Since 1998: WertInvest Beteiligungsverwaltungs GmbH (Managing Partner)
    • Since 1990: Michael Tojner Industriebeteiligungs und –beratungs GmbH (Managing Partner)
    • Since 1999: Lecturer on University of Economics and Business, Vienna

    Supervisory Board

    Dipl.-Ing. FRANK DIETER MAIER

    • Born in 1938
    • German nationality

     

    Education

    • University degree for Science in Electrical Engineering, specifications in communications engineering, TH Karlsruhe, Diplom-Ingenieur (1963)

     

    Mandates

    • Current supervisory board mandates, e.g. at
      • Vishay Intertechnology, Inc., Malvern, PA, USA (Member Audit Committee, Member Nominating and Corporate Governance Committee)
      • Vishay Europe GmbH, Selb
      • ASTA Elektrodraht GmbH & Co. KG
    • Since 2002 various supervisory board mandates, e.g.
      • Preh GmbH
      • AEG Elektrofotographie GmbH
      • Basic AG (not listed)
      • VARTA Microbattery GmbH (2012-2016)
    • Since 2016 member of the supervisory board of VARTA AG, appointed until 2021 Member of examination board

    Occupational History

    • 2002: Retirement
    • From 1993 Temic GmbH, Heilbronn: Chairman of the executive board, organisation and concentration of Daimler Benz / Daimler Chrysler electronic activites
    • 1987-1993 Telefunken Elektronik GmbH: Chairman of the executive board and member of executive board of AEG Allgemeine Elektrizitäts Gesellschaft AG, Frankfurt (Daimler Benz Konzern
    • 1984-1987 United Technologies, USA: Chairman of the executive board of Telefunken Elektronic GmbH, Heilbronn
    • 1983-1984 Netzsch Gruppe, Selb: General manager
    • 1981-1983 Draloric Electronic GmbH: Chairman of the executive board
    • 1966-1981 Rosenthal Isolatoren GmbH: Technical management, from 1971 chairman of the executive board

    Supervisory Board

    SVEN QUANDT

    • Born in 1956
    • German nationality
    • Job: self-employed entrepreneur and investor

     

    Education

    • 1978 – 1984: University Munich, Germany
    • 1985: Business graduate, focus on banking management

     

    Mandates

    • Current mandates:
      Since 2008: Member of advisory board of Montana Tech Components AG, Reinach, Switzerland
    • Previous mandates of supervisory board:
      2007 – 2013: Member of administrative board of Montana Tech Components AG, Reinach, Switzerland
      1999 – 2006: Member of administrative board of Bankhaus Wölbem & Co, Hamburg, Germany

    Occupational History

    • Since 2005: General manager X-raid GmbH, Trebur, Germany
      Biggest private rally team cross country
    • 2002 – 2004: General manager MMSP GmbH, Rüsselsheim, Germany
    • 1992: Fusion of VARTA Automotive Battery section and Automotive Battery Section of Robert Bosch GmbH
    • 1991 – 2007: General manager GECO RAID SPORT GmbH & Co. KG, Trebur, Germany
    • 1989 – 2000: Foundation of Schukra of Northamerica Ltd., Toronto, Canada
      Production of lumbar supports
    • 1989 – 1993: Executive of Bayerische Vereinsbank Johannesburg, South Africa
      Organisation and development of M&A department
    • 1988 – 2000: Partner of the holding company „Karl Richter & Partner“, Toronto, Canada
      Co-founder and founder of subsidiaries in the field of seat heating and seat fitting manufacturing
    • Since 1987: General manager of S.Qu.Vermögensberatung GmbH & Co. KG, Trebur, Germany
    • Since 1987: General manager of S.Qu.Vermögensberatung GmbH Beteiligungsgesellschaft, Trebur, Germany
    • 1986 – 1988: Matuschka Group, Munich, Germany
      Executive in M&A
    • 1985: ABD Securities New York, US
      Management trainee
      Citibank New York, Corporate Finance Department, New York, US
      Management trainee

    Supervisory Board

    Dr. HARALD SOMMERER

    • Doctor of Social and Economic Science
    • Born in 1967
    • Austrian nationality

     

    Education

    • 1995-1997: J.L. Kellog Graduate School of Management Northwestern University Evanston, Illinois, USA,
      Master of Management / MBA
    • 1990-1994: Vienna University of Economics and Business, Austria
      Doctor of Social and Economic Science
    • 1986-1990: Vienna University of Economics and Business, Austria
      Master of Social and Economic Science

     

    Mandates

    • Since 2014: Chairman of the board of H.F.R.C. private foundation
      Since 2013: Member of supervisory board of Kapsch TrafficCom AG
    • Previous mandates of supervisory board:
      2006 – 2010: Member of supervisory board of Zumtobel AG
      2003 – 2006: Member of supervisory board of Telekom AG
    • Since 2016: Member of supervisory board of VARTA AG, appointed until 2021
      Deputy chairman of the supervisory board
      Chairman of examination board

    OCCUPATIONAL HISTORY

    • Since 2013: Entrepreneur, Vienna, Austria
      • Development of an investment portfolio and active support of these investments in their development
      • Various mandates as member of supervisory board, advisory board and chairman of a private foundation
    • 2010 – 2013: Chairman of the board of Zumtobel AG
      Dornbirn, Austria
    • 1997 – 2010: AT&S Austria Technologie & Systemtechnik AG
      Leoben / Vienna, Austria
      • 2005 – 2010 Chairman of the board
      • 1997 – 2005 Financial director
    • 1991 – 1995 Creditanstalt Bankverein
      Vienna, Austria
      • 1992 – 1995 Foreign exchange dealing – group of customers
      • 1991 – 1992 Trainee programme

    Supervisory Board

    Dr. GEORG BLUMAUER LL.M.

    • Born in 1974
    • Austrian nationality
    • Job: self-employed lawyer

    Education

    • 2010: Admission to the bar, Austrian bar association
    • 2005: Bar exam Austria
      Graduation with great success
    • 2004: Doctor iuris, University Vienna
      Graduation with excellent success
    • 2002: Bar examination and admission New York (NY Bar)
    • 2001 – 2002: Master of Laws, Northwestern University School of Law, Chicago, USA
      Focuses: Corporate, M&A, Business Planning, Accounting
      Graduation with excellent success
      Northwestern Fellowship for Graduate Studies
      The Rotary International Foundation Ambassadorial Scholarship
    • 1993 – 2000: Magister iuris, University Vienna

     

    Mandates

    • Current mandates:
      Since 2011: WertInvest Entertainment und Veranstaltungs AG
      Chairman of the supervisory board
    • Previous mandates / functions:
      2006 – 2012: Several organ functions at Soravia-Group
      2008 – 2010: IFA Institut für Anlageberatung Aktiengesellschaft, member of supervisory board
      2007 – 2010: Hanno SORAVIA PRIVATSTIFTUNG, foundation board
      2007 – 2010: Erwin SORAVIA PRIVATSTIFTUNG, foundation board
    • Since 2016: Member of supervisory board of VARTA AG, appointed until 2021

    Occupational history

    • Since 2010: b-legal, lawyer, Vienna, Austria
      Partner & founder of chancellery
      Specialisation: M&A, private equity, corporate law, real estate law and transactions, reorganisations, joint ventures, contract law
    • 2006 – 2010: Soravia Gruppe, Vienna, Austria
      Head of legal and acquisitions
      Industry: real estate, project development, strategic company participations
      • Comprehensive control, as well as ultimate responsibility in all legal matters of the group
      • structuring, coordination and management of real estate and private equity transactions (Austria / CEE / SEE) as well as the group-wide restructuring process
    • 2003 – 2006: Freshfields Bruckhaus Deringer, Vienna, Austria
      trainee lawyer
      • Practice Group: Corporate
      • Focuses: M&A (mainly private M&A), restructurings and reorganisations, corporate law, joint ventures, real estate law, general civil and commercial law
    • 2001: Sattler & Schanda Rechtsanwälte, Vienna, Austria
      Trainee lawyer
    • 1993 – 1999: ATP-Tour, professional tennis player
      • Member of the Austrian Davis Cup Team 1997
      • Worldwide participation in ATP competitions (Wimbledon, US Open)
      • Eightfold Austrian national champion

    Supervisory Board

    Dr. MICHAEL PISTAUER

    • Born in 1969
    • Austrian nationality

     

    Education

    • 1997: Doctorate (Dr rer. Soc. Oec.)
    • 1987 – 1992: Studied Business Administration at the Vienna University of Economics and Business Administration

     

    Mandates

    • VARTA AG, Germany (member of the Supervisory Board), elected until 2021
    • VARTA Microbattery GmbH, Deutschland (member of the Supervisory Board)
    • CONNEXIO alternative investment & holding AG*, Austria (member of the Supervisory Board)
    • abatec group AG, Austria (member of the Supervisory Board)
    • Montana Tech Components AG, Switzerland (member of the Advisory Board)
    • Alu Menziken Extrusion AG, Switzerland (Non-executive member of the Board of Directors)
    • Aluflexpack Novi d.o.o., Kroatien (member of the Supervisory Board)

    Occupational History

    • 2016 to 2018: Chief Financial Officer of VARTA AG
    • since 2014: Managing Director of Industrie Capital Eins GmbH
    • 2013 – 2014: Member of the Management Board of Mezzanin Finanzierungs AG
    • 2012 – 2016: Member of the Management Board of EK Mittelstandsfinanzierungs AG
    • 2007 – 2016: Management and administration of various companies
    • 2005 – 2007: Member of the Management Board of INKU AG
    • since 2004: Formation of numerous companies including PI Beteiligungs- und Unternehmensberatungsgesellschaft mbH, SNews GmbH and others
    • 2002 – 2004: Chief Financial Officer of Jowood AG
    • 1997 – 2002: Employement at Arthur Andersen and later Managing Director of Arthur Andersen Corporate Finance GmbH
    • 1992 – 1997: Member of the Executive Board of the DGM (German Association for SME Advice), a company of the Deutsche Bank Group

    Financial Figures

    Combined financial statements (as if the Group already existed in 2014)

      2019 2018 2017 2016 2015 2014 CAGR 2014 to 2019
    Sales (EUR Mio.) 362.7 271.7 242.157 213.815 195.093 169.038 17 %
    Adjusted1 EBITDA (EUR Mio.) 97.5 50.2 39.132 26.099 22.857 19.368 38 %
    CAPEX in % 28.3 20.7 7.0 4.2 4.4 4.4 —
    Net working Capital in % 5.0 15.4 17.1 16.9 11.7 16.9 —


    1Adjusted for non-recurring or unusual items.

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