Ellwangen (dpa / lsw) - The shareholders of the battery group Varta are to participate in the strong business development for the first time via a dividend, according to the will of major shareholder and supervisory board chairman Michael Tojner.

"So far we have invested all profits back one hundred percent in the company," Tojner told the "Frankfurter Allgemeine Sonntagszeitung" ("FAS").

“Now is the time to involve shareholders.

Next year there should be a significant dividend. "

He will work for this with the support of the board.

The Austrian entrepreneur holds almost 57 percent of the shares in Varta through the investment company Montana Tech.

Varta went public again in 2017.

Above all, the company benefits from its market leadership in battery button cells for wireless headphones, which electronics giants like Apple and Samsung are currently making standard on their smartphones. Wireless devices are also booming for other, more expensive audio headphones. Varta is currently ramping up production capacities due to strong demand. In the first nine months of the current year, net profit more than doubled to 78 million euros. Thanks to a purchase, sales grew by around 160 percent to around 630 million euros.