Varta AG announced group earnings results for the first half of 2018. For the period, the company reported sales of EUR 134.0 million against EUR 119.7 million a year ago. Adjusted EBITDA was EUR 25.8 million against EUR 19.4 million a year ago. Consolidated results was EUR 14.3 million compared to EUR 11.2 million a year ago. CapEx was EUR 21.9 million compared to EUR 7.0 million a year ago. The operating profit increased by EUR 4.6 million compared to the previous year.

The company forecasts earnings guidance for the fiscal year 2018. For the period, the company forecasts double-digit growth of around 11-13% for the fiscal year 2018 compared to the previous year and an adjusted EBITDA of approximately EUR 48 million to 50 million.