DGAP-News

HELLA GmbH & Co. KGaA: HELLA publishes preliminary figures for the second quarter and adjusts company outlook

DGAP-News: HELLA GmbH & Co. KGaA / Key word(s): Preliminary Results/Forecast HELLA GmbH & Co. KGaA: HELLA publishes preliminary figures for the second quarter and adjusts company outlook 29.11.2021 / 13:46 The issuer is solely responsible for the content of this announcement. HELLA publishes preliminary key figures for the second quarter of the fiscal year and adjusts company outlook for the current fiscal year 2021/2022 due to expected lack of market recovery in the second half of the year and increasing cost burdens

- Based on preliminary figures, Group sales decline by around 13 percent to € 1.5 billion in the second quarter of the fiscal year due to ongoing bottlenecks in the global supply and logistics chains

- Preliminary adjusted EBIT margin falls to around 4.0 percent in the second quarter as a result of rising materials and logistics costs and increased production inefficiencies due to the materials bottlenecks

- Sales and earnings forecast for the current fiscal year 2021/2022 is lowered further against the backdrop of the business performance to date, the expected lack of market recovery in the second half of the year, and increasing cost burdens

Lippstadt, 29 November 2021. HELLA, the global automotive supplier, today has published certain preliminary key figures for the second fiscal quarter and adjusted the company's outlook for the current fiscal year 2021/2022. According to preliminary figures, currency and portfolio-adjusted sales in the second fiscal quarter (1 September to 30 November 2021) declined by around 13 percent to approximately € 1.5 billion (previous year: € 1.8 billion) due to ongoing supply bottlenecks for semiconductors and other components. The preliminary adjusted EBIT margin fell to around 4.0 percent in the second quarter (previous year: 12.1 percent) as a result of rising materials and logistics costs and increased production inefficiencies due to the bottleneck situation. Based on the first half of the fiscal year (1 June to 30 November 2021), Group sales adjusted for currency and portfolio effects will thus decrease by approximately 3 percent to around € 3.0 billion (previous year: € 3.1 billion) on a preliminary basis; the adjusted EBIT margin will be approximately 5.0 percent (previous year: 8.7 percent).