VARTA AG Revamps Restructuring Concept: A New Chapter for Varta Stocks

• VARTA AG is updating its restructuring concept - The company is evaluating the existing restructuring program agreed with financing banks and majority shareholder - Assumptions made in the restructuring program are no longer appropriate due to economic factors - A cyberattack on VARTA's IT systems led to production standstill and financial consequences - The existing IDW S6 expert opinion is being analyzed and updated by AuxilPartner - The Executive Board is working with advisors to analyze scenarios and potential recapitalization and financing measures

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Varta is on 15.05.2024.

The price of Varta at the time of the news was 13,875EUR and was down -3,68 % compared with the previous day.
15 minutes after the article was published, the price was 13,210EUR this corresponds to a minus of -4,79 % since publication.
At this time, the index SDAX was at 14.526,32PKT (+0,14 %).

Varta

+1,03 %

+4,50 %

-38,25 %

-48,38 %

-60,34 %

-92,34 %

-77,22 %

-23,58 %

-22,29 %

ISIN:DE000A0TGJ55WKN:A0TGJ5

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