EQS-News: HELLA GmbH & Co. KGaA
/ Key word(s): Half Year Results/Half Year Report
LIPPSTADT (GERMANY) 13 JANUAR 2023
HELLA significantly increases sales and earnings in the first half of the fiscal year 2022
HELLA, the automotive supplier operating under the FORVIA umbrella brand, closed the first six months of the short fiscal year 2022 (1 June to 30 November 2022) with double-digit growth in sales and earnings. Sales increased by 25.7% to €3.8 billion “After a strong start to the fiscal year, we accelerated our successful business development even further in the second quarter. Firstly, the Lighting and Electronics Business Groups both grew at double-digit rates and strongly outperformed global light vehicle production, which has only increased by around 18% in the same period. Secondly, we boosted the globalisation of the business with strong outperformance in China as well as in North America,” says HELLA CEO Michel Favre. “We were also able to gradually increase our profitability, as expected, despite still high prices for materials, energy, and logistics. This was mainly due to higher volumes, passing on price increases and due to our efficient cost management. We have also kept investing consistently in research and development due to our high order backlog as well as successful order intake." Lighting increases sales mainly due to higher production volumes after series launches in the previous year In the first six months of the fiscal year 2022, the Business Group Lighting increased sales by 27.6% to €1.8 billion (H1 FY 21/22: €1.4 billion). Among other things, the Lighting business in the Chinese market developed positively, mainly as a result of higher production volumes following series launches in the previous year. EBIT rose to €37 million (H1 FY 21/22: €26 million), corresponding to an EBIT margin of 2.0% Sales increase in the Electronics business due to high demand for diverse product solutions In the Electronics Business Group, sales improved by 30.1% to €1.7 billion (H1 FY 21/22: €1.3 billion). This is due to high demand for a wide range of product solutions, for example for energy management, body and steering electronics. Compared to the previous year, EBIT increased significantly to €113 million (H1 FY 21/22: €65 million), and the EBIT margin amounts to 6.8% (H1 FY 21/22: 5.1%). Lifecycle Solutions experiences positive development in key markets and with relevant target groups In the Business Group Lifecycle Solutions, sales increased by 6.5% to €500 million The Company outlook for the period 1 June 2022 to 31 May 2023 is confirmed The Company outlook for the period from 1 June 2022 to 31 May 2023 continues to be in line with the forecast published in the annual report 2021/2022. Accordingly, HELLA expects to generate currency and portfolio-adjusted consolidated sales in the range of around €7.1 to 7.6 billion in this period; it expects to achieve a figure at the upper end of this range. The EBIT margin adjusted for structural measures and portfolio effects is expected to be at the lower end of the forecast range of around 5.5 to 7.0%.
"Particularly because of the continuing uncertain market environment, the forecast for our earnings margin is cautious. The possible effects of the corona pandemic in China, which is currently gaining momentum, as well as the further development of inflation and bottlenecks in the supply of components cannot be clearly predicted," says CEO Michel Favre. "Nevertheless, all in all, we expect a recovery of the global automotive economy. Accordingly, our corporate outlook is based on a projected global market volume of 80 to 84 million vehicles. This will give further momentum to our business development."
HELLA will publish its preliminary results on 16 February 2023 and the annual report for the short fiscal year 2022 on 21 March 2023. Selected key financial figures in € millions or as a percentage of sales
As HELLA has changed its fiscal year to the calendar year with effect from 1 January 2023, a transitional short fiscal year is being inserted from 1 June to 31 December 2022. Where sums and percentages have been rounded, differences may arise as a result of commercial rounding. The financial report on the first six months of the short fiscal year 2022 can now be downloaded from the website of HELLA GmbH & Co. KGaA. Please note: This text and corresponding photo material can also be found in our press database at:
13.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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: | 1534167 |
End of News | EQS News Service |
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1534167 13.01.2023 CET/CEST
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