EQS-News

HELLA GmbH & Co. KGaA: HELLA significantly increases sales and earnings in the first half of the fiscal year 2022

EQS-News: HELLA GmbH & Co. KGaA / Key word(s): Half Year Results/Half Year Report HELLA GmbH & Co. KGaA: HELLA significantly increases sales and earnings in the first half of the fiscal year 2022 13.01.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. LIPPSTADT (GERMANY)

13 JANUAR 2023

 

 

 

HELLA significantly increases sales and earnings in the first half of the fiscal year 2022

• Group sales increased by 25.7% to €3.8 billion in the first six months of the short fiscal year 2022 (H1 FY 22); organic sales growth is 20.8%
• Adjusted EBIT improved to €202 million; adjusted EBIT margin increased to 5.3%
• All Business Groups recorded positive business development; Lighting and Electronics had double-digit sales growth
• The Company outlook for the period 1 June 2022 to 31 May 2023 is confirmed

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
(H1 FY 21/22: €3.0 billion). Currency and portfolio-adjusted sales improved by 20.8% to €3.7 billion. In this regard, the adjusted earnings before interest and taxes (adjusted EBIT) increased by 29.5% to €202 million (H1 FY 21/22:  €156 million); the adjusted EBIT margin improved to 5.3% (H1 FY 21/22: 5.1%). Reported EBIT was €162 million (H1 FY 21/22: €149 million), corresponding to an EBIT margin of 4.3% (H1 FY 21/22: 4.9%).

“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."