shares in varta ag fell friday after the company removed its guidance for the third quarter and the full financial year citing increases in raw material costs energy prices and order delays at 1122gmt shares were down 195 to eur4720 the german battery company said it wont be able to meet the revenue targets and the forecast earnings for the entire year and the third quarter of 2022 in the amounts it was expecting at the end of july when it downgraded its fullyear outlook in july varta had said it expected fullyear revenue between 880 million euros and 920 million euros 8657 million905 million and adjusted earnings before interest taxes depreciation and amortization in the range of eur200 million to eur225 million the background to this is the further increase in the cost of energy and the prices of raw materials compared to the assumptions made in the last forecast with limited ability to pass these increases on to customers or only with delay varta said adding that two customer projects had suffered delays