- (PLX AI) - Varta says 9-month result was 7.5% lower in revenue and 6.8% lower in adjusted EBITDA compared to consensus.
- • Outlook FY revenue EUR 900 million, down from EUR 940 million previously
- • Outlook FY EBITDA margin of 30% (unchanged)
- • Outlook FY adjusted EBITDA EUR 275 million
- • Varta expects revenue growth of around EUR 100 million in each of the next two years
- • VARTA's production at its own sites has been running without interruption and no impact on supply chains has been felt
- • But some of VARTA AG's customers are negatively affected by the long-term effects of the pandemic
- • Delays in the delivery of raw materials or semiconductors have led to production losses
- • Some of the largest customers have been temporarily unable to maintain production due to local lockdowns at locations in Asia
- • The delayed start of new customer projects in the third quarter led to reduced revenue growth, the company said
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