EQS-Ad-hoc: HELLA GmbH & Co. KGaA / Key word(s): Change in Forecast HELLA GmbH & Co KGaA ("FORVIA HELLA") has adjusted the company outlook for the fiscal year 2024 after analyzing current data: For the current year, currency and portfolio-adjusted sales of between around 7.9 and 8.1 billion euros (previously: in the lower half of the range of around 8.1 and 8.6 billion euros), an operating income margin of between around 5.5 and 6.0 percent (previously: in the lower half of the range of around 6.0 to 7.0 percent) and a net cash flow in relation to reported sales of between around 2.2 and 2.7 percent (previously: at approximately 3 percent) are now expected. The reasons for the reduction in the company's outlook are, on the one hand, the weaker than expected development in light vehicle production and, on the other hand, customer-related postponements in series launches, a temporary slowdown in electrification as well as customer and product mix effects particularly in China. The management board has decided to expand business activities in the American and Asian markets on the one hand. On the other hand, cost structures are to be further improved overall and the competitiveness program for Europe launched in February of this year is to be accelerated. The Company expects positive effects from this as early as 2025.
End of Inside Information
26-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | HELLA GmbH & Co. KGaA |
Rixbecker Str. 75 | |
59552 Lippstadt | |
Germany | |
Phone: | +49 (0)2941 38-7125 |
Fax: | +49 (0)2941 38-6647 |
E-mail: | Investor.Relations@hella.com |
Internet: | www.hella.de/ir |
ISIN: | DE000A13SX22, DE000A3E5DP8 |
WKN: | A13SX2, A3E5DP |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange |
EQS News ID: | 1996715 |
End of Announcement | EQS News Service |
|
1996715 26-Sep-2024 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.