varta
The struggling German battery manufacturer Varta is once again appealing for help from its investors as a crisis at the business continues to deepen. Varta has been battered by a slump in demand, competition from cheaper Asian competitors and a cyber attack, all of which have complicated efforts to restructure the company. A proposed restructuring plan put forward last summer is "no longer adequate" to return Varta to profitable growth by the end of 2026 as previously planned, the company announced late on Thursday. Varta's management board is negotiating a solution with creditors and investor...
DPA International
The struggling German battery manufacturer Varta is once again appealing for help from its investors as a crisis at the business continues to deepen. Varta has been battered by a slump in demand, competition from cheaper Asian competitors and a cyber attack, all of which have complicated efforts to restructure the company. A proposed restructuring plan put forward last summer is "no longer adequate" to return Varta to profitable growth by the end of 2026 as previously planned, the company announced late on Thursday. Varta's management board is negotiating a solution with creditors and investor...
DPA Breaking News
The struggling German battery manufacturer Varta is once again appealing for help from its investors as a crisis at the business continues to deepen. Varta has been battered by a slump in demand, competition from cheaper Asian competitors and a cyber attack, all of which have complicated efforts to restructure the company. A proposed restructuring plan put forward last summer is "no longer adequate" to return Varta to profitable growth by the end of 2026 as previously planned, the company announced late on Thursday. Varta's management board is negotiating a solution with creditors and investor...
DPA
Der kriselnde Batteriekonzern Varta ruft bei seinen Geldgebern erneut um Hilfe. Ein Einbruch der Nachfrage, billige Angebote der Konkurrenz aus Asien und ein Cyberangriff werfen das Unternehmen bei seiner Sanierung zurück. Das Konzept aus dem vergangenen Sommer sei «nicht mehr angemessen», um bis Ende 2026 wie geplant auf einen profitablen Wachstumskurs zurückzukehren, teilte Varta in Ellwangen mit. Der Vorstand verhandelt mit den Finanzierern über eine Lösung. Tiefster Stand seit dem Börsengang 2017Der Kurs der Varta-Aktie stürzte nach den Nachrichten ab. Kurz nach Handelsbeginn verlor das Pa...
DPA (German)
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