Make Kitco Your Homepage

German battery maker Varta scraps FY, Q3 guidance

Kitco News

Sept 23 (Reuters) - German battery maker Varta (VAR1.DE) withdrew its full-year and third-quarter forecasts for 2022 on Friday, citing a further hike in energy costs and raw material prices compared to what it had expected in July.

It added that delays in two large orders with original equipment manufacturers meant it may not be able to deliver significant volumes still within this year.

Reporting by Linda Pasquini, editing by Rachel More
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.