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Equity Positiv result and IPO let equity ratio boost Equity in mEUR and in % of total assets +165,2 230,5 70% 65.3 52,2 53,5 54,9 40% 33% 34% 35% 2013 2014 2015 2016 2017 ✔ VARTA Highlights Equity ratio increased to 70% due to IPO and the positive developement of the results VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 13

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