Varta Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Markus Hackstein
Chief executive officer
€468.0k
Total compensation
| CEO salary percentage | 26.7% |
| CEO tenure | 1.4yrs |
| CEO ownership | n/a |
| Management average tenure | 1yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | -€296m |
| Jun 30 2023 | n/a | n/a | -€314m |
| Mar 31 2023 | n/a | n/a | -€244m |
| Dec 31 2022 | €468k | €125k | -€200m |
Compensation vs Market: Markus's total compensation ($USD508.03K) is below average for companies of similar size in the US market ($USD3.30M).
Compensation vs Earnings: Insufficient data to compare Markus's compensation with company performance.
CEO
Markus Hackstein (48 yo)
1.4yrs
Tenure
€468,000
Compensation
Dr. Markus Hackstein serves as Chairman of the Supervisory Board at VARTA Microbattery GmbH since July 2023. He served as Member of the Management Board at VARTA Microbattery GmbH since March 2023 until Ju...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Owner & Chairman of Supervisory Board | no data | €138.00k | no data | |
| Spokesperson for the Executive Board & CEO | 1.4yrs | €468.00k | no data | |
| CTO & Member of Management Board | 2yrs | €548.00k | no data | |
| CFO & Member of Management Board | less than a year | no data | no data | |
| Member of Management Board & Chief Restructuring Officer | less than a year | no data | no data |
1.0yrs
Average Tenure
54yo
Average Age
Experienced Management: VARG.F's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Owner & Chairman of Supervisory Board | 7.4yrs | €138.00k | no data | |
| Member of the Supervisory Board | 7.8yrs | €63.00k | no data | |
| Member of the Supervisory Board | 2.6yrs | €55.00k | no data | |
| Member of the Supervisory Board | less than a year | no data | no data | |
| Member of the Supervisory Board | 4.7yrs | €70.00k | no data | |
| Deputy Chairman of the Supervisory Board | 7.8yrs | €90.00k | no data |
6.0yrs
Average Tenure
56.5yo
Average Age
Experienced Board: VARG.F's board of directors are considered experienced (6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/01/28 12:32 |
| End of Day Share Price | 2023/10/31 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Varta AG is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yasmin Steilen | Berenberg |
| Gerhard Orgonas | Berenberg |
| Christopher Ferrara | BofA Global Research |