Varta’s figures for the first half of the year are officially expected on August 13. But the share price is already rising. Many investors expect forecasts to be raised as they were last year. For the current year, Varta CEO Herbert Schein expects organic sales growth in the high single-digit percentage range and a clear double-digit percentage growth in earnings. This means a turnover of around 940 million euros (in the previous year this was 870 million euros).
However, there is currently only one analyst who recommends buying. Thomas Wissler of AlsterResearch sees the share at 145 euros. The average price target of all analysts remains well below the current price at EUR 115.57.
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