sur VARTA AG (isin : DE0005001002)
VARTA AG Lowers Revenue Forecast for 2024 Amid Energy Storage Market Slowdown
VARTA AG has revised its revenue forecast for the fiscal year 2024, anticipating a drop to €750 million to €800 million, down from the previous estimate of €820 million to €870 million. This adjustment comes in response to a further slowdown in the energy storage market and decreased expectations for Lithium-Ion Large Cells revenue in 2024.
The market for energy storage solutions is facing challenges, including delays in launching the new DC-coupled high-voltage storage system, VARTA.wall. A weakened market demand for energy storage systems has exacerbated this issue. Moreover, the company's reputation suffered after the initiation of StaRUG proceedings, causing a notable decline in sales of energy storage products.
Fluctuations in production and sales volumes for Lithium-Ion Large Cells further complicate the revenue forecast, making precise estimations for fiscal 2024 difficult.
R. E.
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