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Bn er “Exceptionally good year”: Varta pays dividend for the first time - The Times Hub

“Exceptionally good year”: Varta pays dividend for the first time

“Exceptionally good year”: Varta pays dividend for the first time

Wednesday 17th February 2021

“Exceptionally good year”
Varta pays dividend for the first time

For the first time, Varta allows its shareholders to participate in the business results. For the past year, the company is distributing a total of around 100 million euros.  The  battery manufacturer expects further growth this year.

 The  battery manufacturer Varta wants to pay a dividend for the past year and thus make the shareholders happy for the first time. A total of 100 million euros will be distributed to the shareholders.

 The  majority of this is due to a special dividend, as the 2020 financial year went extremely well, the company announced.

“Exceptionally good year”: Varta pays dividend for the first time

Varta AG 160,60

 The  shareholders would thus receive around EUR 2.50 per share. Against the background of the current share price of around 157 euros, this corresponds to a return of almost 1.6 percent. Varta is paying a dividend for the first time since the company’s IPO in 2017.

For the current year 2021, the company is forecasting further sales growth to around 940 million euros. For last year, Varta had recently forecast sales in the range of 840 million to 860 million euros.

 The  adjusted operating margin (Ebitda) is expected to increase disproportionately by up to 2.5 percentage points to up to 30 percent.

Varta AG will publish preliminary and unaudited business figures tomorrow, Thursday.

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