EQS-News

2022 Capital Markets Day: HELLA accelerates profitable growth under FORVIA Power25 plan

EQS-News: HELLA GmbH & Co. KGaA / Key word(s): Results Forecast 2022 Capital Markets Day: HELLA accelerates profitable growth under FORVIA Power25 plan 03.11.2022 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Lippstadt/Paris, 3 November 2022

                                                                      

2022 Capital Markets Day:
HELLA accelerates profitable growth under FORVIA Power25 plan

• Significant market outperformance with annual sales growth of more than 10 percent to over €9.4 billion in 2025
• Substantial increase in operating margin to above 8 percent and net cash flow to around 4 percent of sales in 2025, supported by strong profitable growth in Electronics and a profitability turnaround in Lighting
• On track for announced FORVIA sales synergies of €300 million to €400 million and cost synergies of over €250 million by 2025, around half of which attributable to HELLA

HELLA, the automotive supplier operating under the FORVIA Group umbrella, intends to systematically expand its technology and market leadership and further accelerate its profitable growth. The company will present today its 2025 strategy and targets at a Capital Markets Day in Paris, the first to be held jointly with Faurecia since the two companies came together under the FORVIA umbrella, forming the world's seventh-largest automotive supplier.

To achieve its new objectives, in line with FORVIA’s Power25 priorities, HELLA will leverage its three strategic pillars: technology and market leadership; global presence and broad customer portfolio; and operational excellence. Michel Favre, CEO of HELLA, declared: "Thanks to our unique positioning with the Lighting, Electronics and Lifecycle Solutions Business Groups, we are at the forefront of tomorrow's mobility. This is demonstrated by our financial performance, but also first and foremost by our strong order book. Around 80 percent of the sales expected in 2025 in Lighting and Electronics are already based on booked business."