EQS-News

Fiscal year 2023: FORVIA HELLA increases sales and improves profitability - Seite 3

Company outlook for 2024: slight improvements in sales, earnings and net cash flow expected in a persistently volatile market environment

For the fiscal year 2024 (1 January to 31 December 2024), FORVIA HELLA expects to generate currency and portfolio-adjusted Group sales of between around €8.1 and 8.6 billion. The operating income margin is forecasted to be between around 6.0 and 7.0 percent. FORVIA HELLA expects net cash flow in relation to sales to be at approximately 3 percent.

"We are expecting that the market trend will weaken again this year and that global automotive production will stagnate at a level of just about 90 million vehicles. Particularly in Europe, we anticipate production volumes to decline. We are therefore forecasting only slight improvements for this year and are adapting to the changed market conditions in the long term," says CEO Bernard Schäferbarthold. "We continue to be strategically well positioned with our business model. As a Company of the FORVIA Group, we have even more opportunities for the future and have increased the cost synergies expected by the end of 2025. With the newly initiated competitiveness program, we are strengthening our position in the European market in particular and are thus already setting the course for the Company's success of tomorrow."

The annual report for fiscal year 2023 is now available on the website of HELLA GmbH & Co. KGaA.

 

Selected key financial figures in € millions or as a percentage of sales
(1 January to 31 December each):
 

	Fiscal year 2023	Calendar year 20221 (pro forma)	Change
Sales reported	7,954	7,212	+10.3%
Sales adjusted	8,125	7,212	+12.7%
Operating income	486	295	+65.0%
Operating income margin	6.1%	4.1%	+2.0 percentage points
Net cash flow	205	219	-6.3%
Net cash flow