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DGAP-News HELLA KGaA Hueck & Co.: Strong sales growth in the first half year

Nachrichtenquelle: EQS Group AG
11.01.2016, 08:00  |  336   |   |   
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): Half Year Results
HELLA KGaA Hueck & Co.: Strong sales growth in the first half year

11.01.2016 / 08:00
The issuer is solely responsible for the content of this announcement.


Strong sales growth in the first half year

- Group revenue increased significantly about 12 percent in the first six
months of the current fiscal year to 3.2 billion euros

- Operating Group earnings (adj. EBIT) adjusted for one-time effects
increase by about 13 percent to 256 million euros

- Revenue and income forecast confirmed for current fiscal year

Lippstadt, January 11, 2016. HELLA KGaA Hueck & Co. - a leading global auto
parts supplier for lighting and electronics - was able to maintain its
growth trajectory into the 2015/2016 fiscal year. Revenue in the first six
months of the current fiscal year grew by 11.8 percent over the same period
in the previous year to 3.159 billion euros (previous year: 2.826 billion
euros). Thereof, about 3.1 percent stems from positive foreign exchange

The key driver of growth in H1 lay in the automotive sector, with
successful launches of complex LED technology products and innovative
electronic components. Growth occurred across all regions: In Europe, HELLA
increased revenue by about eight percent. And with growth at 20 percent in
Asia and twelve percent in North and South America, HELLA was able to post
growth rates significantly higher than those demonstrated by relevant
international markets. The Aftermarket and Special Applications segments
also successfully increased revenue, thereby contributing to Group-wide

"We are continuing to outpace the market," says CEO Dr. Rolf Breidenbach.
"Our innovative lighting and electronics products are the reason. HELLA's
clear objective remains to continue the profitable expansion of volumes
across a broad range of products."

On the earnings side, HELLA's EBIT adjusted for one-time effects increased
227 million euros to 256 million euros during H1 of the current fiscal
year. This is an increase of 13 percent. The adjusted EBIT margin was 8.1
percent and thus slightly higher than the previous year (8.0 percent).

Taking into consideration the one-time effects, mainly resulting from the
extraordinary supplier default (about 47 million euros), Group-wide
operational earnings (EBIT) fell during the initial six month period by 18
million euros to 203 million euros (previous year: 221 million euros),
producing an EBIT margin of 6.4 percent. The exceptional charges resulting
from the supplier default have thus essentially been assimilated and closed
out over the course of the fiscal year.

Automotive segment remains primary driver of growth

The 12.4 percent increase in revenue means that the automotive segment
remained the primary driver of growth within the Group. External revenue in
this segment increased to about 2.4 billion euros (previous year: 2.1
billion euros). An important factor here remains the consistent policy of
innovation, with a strong focus on automotive mega-trends such as energy
efficiency (CO2 reduction), safety and styling (LED technologies). In
addition, the unit's favorable regional presence also contributed to the
positive trend. HELLA generated an adjusted EBIT of 205 million euros with
an adjusted EBIT margin of 8.6 percent. Considering the exceptional charges
resulting from the supplier default, the EBIT stood at 157 million euros
(previous year: 185 million euros) and the EBIT margin at 6.6 percent
(previous year: 8.7 percent).

Aftermarket makes strong gains

The Aftermarket segment performed well during H1, leaving behind the weak
demand from the same period last year. External revenue in the first six
months of the current fiscal year grew by 9.0 percent to 597 million euros
(previous year: 547 million euros). Operating income thus increased by 4
million euros to 37 million euros. The EBIT margin increased to 6.3 percent
(previous year: 6.0 percent).

Special Applications turns the corner

The business development of the Special Applications segment was stabilized
due to the expansion of the focused product market strategy. Both revenue
and earnings in this sector increased slightly. The external segment
revenue increased in H1 of the current fiscal year by 2.2 percent to 154
million euros (previous year: 151 million euros). In the same period, EBIT
improved to 10 million euros (previous year: 9 million euros), with an EBIT
margin of 6.3 percent (previous year: 5.7 percent).

Strong financial basis for future growth

At the end of the initial six months of the current fiscal year, HELLA was
able to further strengthen its equity ratio, which now stands at 38.4
percent (previous year: 36.0 percent). The operating cash flow, before
payouts on restructurings and the one-off expense in connection with the
supplier default and the acquisition of investments, increased
significantly, to 85 million euros (previous year: negative 44 million
euros). HELLA thus has a strong financial basis for future growth.

Confirmation of revenue and income forecast for current fiscal year

HELLA continues to assume Group revenue for the entire fiscal year will
grow in the medium to high single digit range. According to the income
forecast, the one-time exceptional charges resulting from the extraordinary
supplier default in China in H1 mean that the EBIT for the year as a whole
will be less than the amount for the previous year.

Remarks: The above listed EBIT margins of the business segments are related
to the external revenue in the respective segment. Further details about
the company strategy and the activities in the individual business segments
can be found in the report for the first half year of the fiscal year
2015/1016. The report is available now for download at the HELLA KGaA &
Hueck Co. website.

Selected key financial figures from the financial report on H1 2015/2016
(In million euros)

First Half First Half Change
Year Year
FY 2015/2016 FY 2014/2015

Sales revenue 3,159 2,826 +12%

Adjusted group earnings (adj. EBIT) 256 227 +13%

Earnings Before Interest and Taxes 203 221 -8%

Adjusted EBIT margin 8.1% 8.0% +0.1pp

EBIT margin 6.4% 7.8% -1.4pp

Equity ratio 38.4% 36.0% +2.4pp

This text along with corresponding visual material is also available in our
press database at:

HELLA KGaA Hueck & Co., Lippstadt: HELLA is a global, family-owned company,
listed on the stock exchange, with approx. 32,000 employees at 100
locations in more than 35 countries. The HELLA Group develops and
manufactures lighting technology and electronic components and systems for
the automotive industry and also has one of the largest retail
organizations for automotive parts, accessories, diagnostics, and services
within Europe. Complete vehicle modules, air-conditioning systems, and
vehicle electrical systems are also produced in joint venture companies.
With more than 6,000 people working in research and development, HELLA is
one of the most important innovation drivers on the market. In addition,
with sales of EUR5.8 billion in fiscal year 2014/2015, the HELLA Group is
one of the top 40 automotive suppliers in the world and one of the 100
largest German industrial companies.

For more information please contact:
Dr. Markus Richter
Company spokesperson
HELLA KGaA Hueck & Co.
Rixbecker Straße 75
59552 Lippstadt
Tel.: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545


11.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English
Company: HELLA KGaA Hueck & Co.
Rixbecker Str. 75
59552 Lippstadt
Phone: +49 (0)2941 38-7125
Fax: +49 (0)2941 38-6647
E-mail: Investor.Relations@hella.com
Internet: www.hella.de/ir
ISIN: DE000A13SX22
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich,
Stuttgart; Regulated Unofficial Market in Berlin,

End of News DGAP News Service

428115 11.01.2016
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