Varta AG

XETRA VAR1.DE

Varta AG Capital Expenditure for the year ending December 31, 2022: USD -150.60 M

Varta AG Capital Expenditure is USD -150.60 M for the year ending December 31, 2022, a 28.14% change year over year. Capital expenditure is cash spent on acquiring or maintaining fixed assets, such as property, plants, and equipment (PP&E).

Varta AG Capital Expenditure for the year ending December 31, 2021 was USD -209.58 M, a 44.15% change year over year.
Varta AG Capital Expenditure for the year ending December 31, 2020 was USD -375.24 M, a -225.26% change year over year.
Varta AG Capital Expenditure for the year ending December 31, 2019 was USD -115.37 M, a -79.13% change year over year.
Varta AG Capital Expenditure for the year ending December 31, 2018 was USD -64.41 M, a -214.87% change year over year.

Key data

Date	Capital Expenditure	Free Cash Flow	Depreciation And Amortization	Deferred Income Tax

XETRA: VAR1.DE

Varta AG

CEO	Mr. Michael Ostermann
IPO Date	Aug. 6, 2007
Location	Germany
Headquarters	VARTA-Platz 1
Employees	4,049
Sector	Utilities
Industries Energy Storage & Batteries Automobiles & Vehicles Electric Vehicles (EVs) Renewables

Description

Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries, household batteries, and energy storage solutions worldwide. It operates in two segments, Lithium-Ion Solutions & Microbatteries and Household Batteries. The Lithium-Ion Solutions & Microbatteries segment offers zinc-air batteries primarily for use in hearing aid devices; lithium-ion battery solutions for wireless headphones; wearables, which include medical devices to measure hypertension, blood sugar, and other bodily functions, as well as the power supply for COVID19 antibody tests; and rechargeable battery solutions for industrial and original equipment manufacturers for use in various applications, such as servers, car keys, alarm systems, or smart meters. This segment is also involved in the development, system integration, and assembly of lithium-ion battery packs for portable industrial, communication devices, electric power tool, home, garden, and medical applications. The Household Batteries segment offers household batteries, rechargeable batteries, chargers, power banks, lights, and energy storage systems. The company was founded in 1887 and is headquartered in Ellwangen, Germany. Varta AG is a subsidiary of Montana Tech Components AG.

Key trends

Past 5 years