Varta AG : CMD feedback: Only half charged – major targets too far out
>A new growth era with the introduction of larger Li-Ion batteries - The key message of Wednesday’s CMD was that Varta will become a multi-billion-euro revenue company by the end of the decade thanks to a big top-line push from electric vehicles (EV), which will represent the majority of Varta’s TAM going forward. The entrance into the market for larger Li-Ion cells was announced before, but Varta is now looking to massively expand its portfolio beyond the current V4D...Varta is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing and sale of industrial batteries, starter batteries and consumer batteries for types of electrical energy requirements, including passenger cars, commercial vehicles, motor cycles, tractors, construction and agricultural machinery, boats, air crafts, portable radio & television sets, and other applications. Co. also produces Varta-Plastic which includes casings for mobile telephones, boot linings, center consoles, glove compartments, shelves and housings for personal computers, printers, keyboards and typewriters. Other sectors include; chemical products, and machinery and plant business.
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