Varta AG - Company Profile
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Varta AG (Varta) is a manufacturer and supplier of micro batteries and smart battery solutions. The company offers a range of primary and rechargeable batteries for the usage in mobile communication, personal computers, notebooks, electronic consumer products, watches, wireless technology, electronic switches, industrial applications and hearing aids. It manufactures rechargeable lithium-ion micro batteries, which find applications in entertainment devices such as premium wireless headsets and various industrial applications. The company also provides micro batteries for hearing assistances and entertainment devices. It primarily has presence across Europe, Americas, and Asia. Varta is headquartered in Ellwangen, Baden-Wurttemberg, Germany.
Headquarters
Germany
Address
Varta-Platz 1, Ellwangen, Baden-Wurttemberg, 73479
Website
www.varta-ag.com
Telephone
49 7961 9210
No of Employees
4,049
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
VAR1 (ETR)
Revenue (2021)
$848.5M
-10.6%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
-259.1%
(2021 vs 2020)
Market Cap*
$442.5M
Net Profit Margin (2021)
XYZ
-278.1%
(2021 vs 2020)
* As of and is in US$
Varta AG premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Lithium-Ion Microbatteries | Power Pack Solutions (PPS) Products: | PowerOne |
| Lithium-Ion Energy | CellPac PLUS | Ecopack |
| Lithium-Ion Power | CellPac BLOX | Varta |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In January, the company announced the expansion of Varta Innovation. |
| 2023 | Contracts/Agreements | In August, the company entered into a partnership with SK Nexilis to supply future lithium-ion mass production plants. |
| 2023 | Plans/Strategy | In June, the company announced its plans to develop a new factory for energy storage systems, with an investment of more than 20 million Euros. |
Competitor Comparison
| Key Parameters | Varta AG | Duracell International, Inc. | GP Batteries International Ltd | GS Yuasa Lithium Power | Uniross Batteries S.A.S |
|---|---|---|---|---|---|
| Headquarters | Germany | United States of America | Singapore | United States of America | France |
| City | Ellwangen | Bethel | Singapore City | Roswell | Lognes |
| State/Province | Baden-Wurttemberg | - | - | Georgia | Ile-de-France |
| No. of Employees | 4,049 | - | - | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Herbert Schein | Chairman | Executive Board | 2016 | 57 |
| Marc Hundsdorf | Chief Financial Officer | Senior Management | 2023 | 55 |
| Rainer Hald | Managing Director - VARTA Innovation GmbH, VARTA Microbattery GmbH, VARTA Micro Production GmbH; Chief Technical Officer | Senior Management | 2022 | 54 |
| Michael Tojner | Chairman | Non Executive Board | - | 57 |
| Emanuel Sican | Head - Investor Relations | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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