Varta AG
XETRA:VAR1
Income Statement
Earnings Waterfall
Varta AG
Revenue
|
1.1B
EUR
|
Cost of Revenue
|
-566.9m
EUR
|
Gross Profit
|
581.6m
EUR
|
Operating Expenses
|
-899.5m
EUR
|
Operating Income
|
-317.9m
EUR
|
Other Expenses
|
-38.9m
EUR
|
Net Income
|
-356.8m
EUR
|
Income Statement
Varta AG
Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||
Revenue |
233
N/A
|
242
+4%
|
247
+2%
|
253
+2%
|
261
+3%
|
272
+4%
|
344
+27%
|
431
+25%
|
454
+5%
|
363
-20%
|
652
+80%
|
892
+37%
|
1 040
+17%
|
870
-16%
|
1 314
+51%
|
1 320
+1%
|
1 306
-1%
|
903
-31%
|
1 313
+45%
|
1 292
-2%
|
1 261
-2%
|
807
-36%
|
1 165
+44%
|
1 127
-3%
|
1 148
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||
Cost of Revenue |
(92)
|
(93)
|
(92)
|
(92)
|
(91)
|
(99)
|
(120)
|
(144)
|
(148)
|
(119)
|
(225)
|
(327)
|
(379)
|
(315)
|
(461)
|
(439)
|
(441)
|
(313)
|
(457)
|
(475)
|
(490)
|
(362)
|
(536)
|
(563)
|
(567)
|
|
Gross Profit |
141
N/A
|
149
+5%
|
155
+4%
|
161
+4%
|
170
+6%
|
173
+2%
|
223
+29%
|
287
+28%
|
306
+7%
|
244
-20%
|
428
+75%
|
565
+32%
|
661
+17%
|
555
-16%
|
853
+54%
|
881
+3%
|
865
-2%
|
590
-32%
|
856
+45%
|
818
-4%
|
771
-6%
|
445
-42%
|
629
+41%
|
564
-10%
|
582
+3%
|
|
Operating Income | ||||||||||||||||||||||||||
Operating Expenses |
(111)
|
(119)
|
(129)
|
(138)
|
(139)
|
(136)
|
(174)
|
(218)
|
(227)
|
(173)
|
(300)
|
(407)
|
(468)
|
(409)
|
(613)
|
(633)
|
(626)
|
(404)
|
(611)
|
(626)
|
(656)
|
(486)
|
(876)
|
(744)
|
(899)
|
|
Selling, General & Administrative |
(84)
|
(94)
|
(96)
|
(98)
|
(102)
|
(100)
|
(127)
|
(155)
|
(160)
|
(119)
|
(203)
|
(279)
|
(317)
|
(268)
|
(399)
|
(400)
|
(393)
|
(262)
|
(387)
|
(397)
|
(399)
|
(278)
|
(404)
|
(399)
|
(396)
|
|
Depreciation & Amortization |
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(14)
|
(20)
|
(22)
|
(21)
|
(36)
|
(51)
|
(60)
|
(67)
|
(103)
|
(125)
|
(134)
|
(96)
|
(145)
|
(152)
|
(156)
|
(109)
|
(158)
|
(147)
|
(142)
|
|
Other Operating Expenses |
(18)
|
(16)
|
(22)
|
(29)
|
(27)
|
(25)
|
(33)
|
(44)
|
(45)
|
(34)
|
(61)
|
(77)
|
(90)
|
(74)
|
(111)
|
(108)
|
(99)
|
(47)
|
(79)
|
(77)
|
(100)
|
(100)
|
(314)
|
(198)
|
(361)
|
|
Operating Income |
30
N/A
|
30
-1%
|
26
-11%
|
23
-12%
|
31
+34%
|
37
+18%
|
49
+33%
|
69
+40%
|
79
+15%
|
71
-10%
|
127
+80%
|
158
+24%
|
194
+22%
|
146
-25%
|
240
+64%
|
248
+3%
|
238
-4%
|
187
-22%
|
245
+31%
|
192
-22%
|
116
-40%
|
(42)
N/A
|
(247)
-493%
|
(179)
+27%
|
(318)
-77%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(3)
|
(2)
|
0
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(3)
|
(9)
|
(7)
|
(7)
|
(7)
|
(9)
|
(7)
|
(8)
|
(9)
|
(11)
|
(18)
|
(31)
|
(36)
|
|
Non-Reccuring Items |
(2)
|
(6)
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(146)
|
0
|
(172)
|
0
|
|
Total Other Income |
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(1)
|
3
|
(1)
|
(2)
|
(3)
|
(4)
|
(13)
|
(14)
|
(13)
|
(0)
|
(7)
|
(9)
|
(7)
|
1
|
3
|
5
|
4
|
|
Pre-Tax Income |
25
N/A
|
21
-15%
|
25
+17%
|
24
-4%
|
26
+11%
|
36
+40%
|
49
+33%
|
67
+38%
|
76
+13%
|
71
-7%
|
125
+76%
|
154
+24%
|
188
+22%
|
133
-29%
|
220
+65%
|
227
+3%
|
218
-4%
|
177
-19%
|
231
+30%
|
174
-25%
|
100
-43%
|
(198)
N/A
|
(263)
-33%
|
(377)
-43%
|
(350)
+7%
|
|
Net Income | ||||||||||||||||||||||||||
Tax Provision |
(6)
|
(7)
|
(8)
|
(8)
|
(10)
|
(11)
|
(15)
|
(20)
|
(23)
|
(21)
|
(36)
|
(46)
|
(54)
|
(38)
|
(62)
|
(63)
|
(62)
|
(51)
|
(69)
|
(55)
|
(34)
|
(2)
|
2
|
3
|
(7)
|
|
Income from Continuing Operations |
18
|
14
|
17
|
15
|
16
|
26
|
33
|
47
|
54
|
50
|
88
|
109
|
134
|
96
|
158
|
164
|
156
|
126
|
162
|
119
|
66
|
(200)
|
(261)
|
(374)
|
(357)
|
|
Income to Minority Interest |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
18
N/A
|
13
-28%
|
17
+25%
|
15
-10%
|
15
+2%
|
25
+67%
|
33
+30%
|
46
+41%
|
53
+15%
|
50
-5%
|
89
+76%
|
109
+23%
|
134
+23%
|
95
-29%
|
158
+66%
|
164
+4%
|
156
-5%
|
126
-19%
|
162
+29%
|
120
-26%
|
66
-45%
|
(200)
N/A
|
(261)
-30%
|
(374)
-43%
|
(357)
+5%
|