EQS-News

Fiscal year 2023: FORVIA HELLA increases sales and improves profitability - Seite 2

Lighting with high sales growth and significantly improved profitability

In 2023, the business group Lighting improved its sales by 13.0 percent to €3.9 billion (calendar year 2022: €3.4 billion¹). The main growth drivers were higher business volumes in all regions, also because of new production launches. Operating income improved from a very low prior-year level to €132 million in 2023 (calendar year 2022: €16 million¹), while the operating income margin rose to 3.4 percent (calendar year 2022: 0.5 percent¹).

Good demand for solutions in the areas of automated driving and electrification

Business group Electronics increased sales by 7.9 percent year-on-year to €3.4 billion (calendar year 2022: €3.1 billion¹). The main drivers of sales growth were business with radar sensors, high-voltage battery management systems, voltage converters and body electronics. Operating income of the business group amounts to €232 million (calendar year 2022: €179 million¹), the operating income margin therefore increases to 6.9 percent (calendar year 2022: 5.7 percent¹).

Solid development in the spare parts, workshop and commercial vehicle business

Business group Lifecycle Solutions achieved sales growth of 7.9 percent and generated sales of €1.1 billion (calendar year 2022: €1.0 billion¹). The main drivers were the spare parts business, particularly in Europe and America, high sales in the workshop business with a newly launched particle counter for diesel vehicles and the solid business for trucks and buses as well as agricultural and construction machinery. The operating income of the business group Lifecycle Solutions amounts to €128 million (calendar year 2022: €106 million¹), with the operating income margin consequently increasing to 11.9 percent (calendar year 2022: 10.7 percent¹).

 

 

Continuation of established dividend policy: Dividend of €0.71 per share proposed

Based on the results for fiscal year 2023, the Management Board will propose to the Annual General Meeting of HELLA GmbH & Co. KGaA on 26 April 2024 to pay out a dividend of €0.71 per share as part of the Company's established dividend policy. With a total amount of €79 million, around 30 percent of the annual result would therefore be distributed to shareholders as in the years before.