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DGAP-News: VARTA AG: VARTA AG closes 2018 with strong figures - very optimistic outlook for 2019

DGAP-News: Varta AG / Key word(s): Preliminary Results/Preliminary Results


VARTA AG: VARTA AG closes 2018 with strong figures - very optimistic outlook for 2019


15.02.2019 / 07:00



The issuer is solely responsible for the content of this announcement.


Corporate News on the preliminary, unaudited figures for 2018

VARTA AG closes 2018 with strong figures - very optimistic outlook for 2019

 



Most successful financial year in the company's recent history




Both the Microbatteries and Power & Energy segments continue to perform very positively




Further double-digit growth in Group revenue: +12.1% to just under EUR 272m




Adjusted EBITDA grew again faster than revenue: +28.4% to EUR 50.2m




Significant improvement in the adjusted EBITDA margin: up 2.3pp to 18.5%




Very positive outlook for 2019:

Expected revenue of EUR 303m-309m;

Adjusted EBITDA set to total EUR 61m-64m


 

Ellwangen, February 15, 2019. VARTA AG, the global expert in microbatteries, with a market-leading position in hearing aid batteries and solutions for hearables, power packs and energy storage systems, has published its preliminary, unaudited figures for financial year 2018. The Group can look back with huge satisfaction on the most successful financial year in its recent history, with new records achieved for revenue and profit.

VARTA AG is very optimistic with regard to financial year 2019. Following huge investment in the expansion of production capacity, the Group is expecting growth in revenue and profit will again increase. "We continue the profitable growth path and again record double-digit growth rates for both revenue and profit. We will further extend our technological leadership by launching new products in 2019. That is the basis for our continued success into the future," underlined Herbert Schein, CEO of VARTA AG. "We are looking ahead to 2019 with real confidence and have put great plans in place. Revenue and profit is set to grow again at a double-digit rate," adds Steffen Munz, CFO of VARTA AG.

Double-digit growth was again recorded in Group revenue in financial year 2018. This rose organically by 12.1% to total EUR 271.6m. By scaling the business model, growth in consolidated operating earnings has once again outpaced that of revenue. Adjusted EBITDA increased by 28.4% to EUR 50.2m. The adjusted EBITDA margin improved significantly by 2.3pp to 18.5%: It was especially positive to note that both the Microbatteries and the Power & Energy segments are still growing rapidly and have continued their very positive development.
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