Varta Third Quarter 2023 Earnings: Beats Expectations

Varta (ETR:VAR1) Third Quarter 2023 Results

Key Financial Results

• Revenue: €234.8m (up 20% from 3Q 2022).
• Net loss: €5.40m (loss narrowed by 76% from 3Q 2022).
• €0.13 loss per share (improved from €0.57 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Varta Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 72%.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in Germany.

Performance of the German Electrical industry.

The company's shares are up 18% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Varta.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.