EQS-News

First quarter of 2024: FORVIA HELLA increases sales and maintains profitability at prior-year level; Company outlook confirmed - Seite 3

Bernard Schäferbarthold, CEO of FORVIA HELLA: "We are assuming the global automotive production to be flat this year. In this environment, we expect moderate improvements in the key performance indicators compared to the fiscal year 2023. New series projects and production ramp-ups will presumably support our sales development. Supported by cost reduction actions underway, we expect improvements in the operating income margin and net cash flow in relation to sales in the second half of the year."

 

Selected key financial figures in € million or as a percentage of reported sales for the first quarter of the fiscal year (1 January to 31 March):
 

	Fiscal year 2024	Fiscal year 2023	Change
Adjusted sales	2,033	1,990	+2.2%
Reported sales	2,002	1,990	+0.6%
Operating income	111	111	0.0%
Operating income in relation to reported sales	5.6%	5.6%	0.0 percentage points
Net cash flow	-51	-38	-13
Net cash flow in relation to reported sales	-2.6%	-1.9%	-0.7 percentage points

The financial statement for the first quarter of fiscal year 2024 is now available on the