---
title: VARTA AG makes positive start to new fiscal year 2020 with sharp increases in revenue and EBITDA - guidance confirmed - PES - Power & Energy Solution
description: • Group revenue grows in Q1 2020 by 170.3% to € 198.5m (+68.2% excluding acquisition of VARTA Consumer) • Adjusted EBITDA increases by 197.0% in the first three months of 2020 to € 51.7m (+135.0% excluding acquisition of VARTA Consumer) • Adjusted EBITDA margin improves by 2.3 PP to 26.0%. • Acquisition of VARTA Consumer [...]
---

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# [VARTA AG makes positive start to new fiscal year 2020 with sharp increases in revenue and EBITDA - guidance confirmed - PES - Power & Energy Solution](https://pes.eu.com/press-releases/varta-ag-makes-positive-start-to-new-fiscal-year-2020-with-sharp-increases-in-revenue-and-ebitda-guidance-confirmed)

 Written by [Admin](https://pes.eu.com/press-releases/author/admin) | May 15, 2020 11:00:00 PM

**• Group revenue grows in Q1 2020 by 170.3% to € 198.5m (+68.2% excluding acquisition of VARTA Consumer)  
 • Adjusted EBITDA increases by 197.0% in the first three months of 2020 to € 51.7m (+135.0% excluding acquisition of VARTA Consumer)  
 • Adjusted EBITDA margin improves by 2.3 PP to 26.0%.  
 • Acquisition of VARTA Consumer Batteries business from Energizer concluded successfully on January 2 and taken into account in the consolidated financial statements for the first time  
 • "Microbatteries & Solutions" segment with very strong quarterly results  
 • "Household Batteries" segment makes a good start to Q1  
 • Outlook for fiscal year 2020 confirmed:  
 Group revenue of € 780m-800m expected;  
 Adjusted Group EBITDA set to come in at € 175m¬-185m;  
 Planned CAPEX of € 300-330m**

Organic revenue and EBITDA growth accelerated further

VARTA AG is today publishing its figures for the first quarter of 2020 - including the consolidated figures of the acquired European VARTA Consumer Batteries business (VARTA Consumer) for the first time following its acquisition. The Group has made a positive start to the new fiscal year, building upon the substantial organic growth in revenue and income achieved in the past. Group revenue grew by 170.3% in the first quarter to € 198.5m. Organic revenue growth, excluding the first-time consolidation of VARTA Consumer, amounted to 68.2%. Adjusted EBITDA increased by 197.0% to € 51.7m. Excluding VARTA Consumer, adjusted EBITDA rose by 135.0%. The adjusted EBITDA margin improved by 2.3PP to 26.0%, while Group profit rose by 265% to € 24.5m.

Herbert Schein, CEO of VARTA AG, explains: "Together with VARTA Consumer, we have made a very positive start to the new fiscal year and have again accelerated our high growth momentum. The pleasing result is primarily attributable to sustained strong demand for our lithium-ion cells, while we significantly increased sales by rapidly expanding production capacities. Our business model is also

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