EQS-Adhoc
VARTA AG: New forecast for the 2022 financial year and forecast for the 2023 financial year
EQS-Ad-hoc: VARTA AG / Key word(s): Forecast VARTA AG, Ellwangen, ISIN: DE000A0TGJ55 |
Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
New forecast for the 2022 financial year and forecast for the 2023 financial year
Ellwangen, 15th November 2022
VARTA AG: New forecast for the 2022 financial year and forecast for the 2023 financial year
New forecast for the 2022 financial year:
- Revenue 2022: EUR 805-820 million (2021: EUR 902.9).
- Adjusted EBITDA 2022: EUR 55-60 million (2021: EUR 282.9 million).
- CAPEX: EUR 105-115 million (2021: EUR 175 million)
Forecast financial year 2023:
- Revenue: EUR 850-880 million
- Adjusted EBITDA: EUR 90-110 EUR million
Ellwangen, 15th November 2022 - Due to the difficult-to-estimate effects of further increases in energy costs and raw material prices with limited or delayed opportunities to pass them on to customers, as well as delayed delivery releases and reduced call-offs for two large orders with OEMs, the previous forecast for the current financial year was withdrawn on 23 September 2022. In the meantime, the business figures for the third quarter of 2022 are available and the Executive Board has better visibility regarding the further expected business development, so that a new forecast for the 2022 business year and already a forecast for the 2023 business year could be formulated on this basis.