EQS-News: FORVIA HELLA starts fiscal year 2024 with slight sales growth
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EQS-News: HELLA GmbH & Co. KGaA
/ Key word(s): Quarterly / Interim Statement/Development of Sales
LIPPSTADT (GERMANY) 17 April 2024
HELLA GmbH & Co. KGaA ("FORVIA HELLA") has made a solid start to the new fiscal year 2024, as expected by the Company. According to the data published today, Group sales in the first quarter 2024 (1 January to 31 March 2024) amounted to €2.0 billion (previous year: €2.0 billion). This corresponds to currency-adjusted growth of 2.2 percent; reported sales increased by 0.6 percent. Bernard Schäferbarthold, CEO of FORVIA HELLA: "We assume that the automotive market will only stagnate in 2024. The industry development in the first quarter confirms this assumption. The start to the new fiscal year is therefore in line with our expectations. We expect the planned series launches and production ramp-ups for example for headlamps, including SSL | HD, as well as for radar sensors and energy management to further support our sales development over the course of the year." Sales development in the first three months was primarily driven by growth in the Lighting business group. This increased sales by 4.9 percent to €1,002 million (previous year: €955 million). This is largely due to the full consolidation of the Chinese joint venture Beijing Hella BHAP Automotive Lighting since this fiscal year, after its shareholders agreed on the continuation and strategic development of the joint venture. The business group's development was additionally supported by business with manufacturers of electric vehicles in Asia and America as well as by production launches in the Americas. In the Electronics business group, sales fell by 3.4 percent to €813 million (previous year: €842 million). The radar business in Electronics in particular continued to develop positively overall. In contrast, however, customer mix effects in Asia and Europe, a slower ramp-up of electromobility in Europe at the beginning of the year and, in some cases, delayed series launches had a negative impact on the business group's sales performance. In the Lifecycle Solutions business group, sales decreased slightly by 1.7 percent to €278 million (previous year: €283 million). The independent aftermarket business in Europe in particular developed positively, including in the countries United Kingdom, Poland and Turkey. However, the business group's sales development was impacted by an increasing reluctance to invest in the commercial vehicle sector and the exceptional economic situation in the previous year following the market launch of a new particle counter in the workshop business. The full financial results for the first quarter of the fiscal year 2024 will be announced as planned on 25 April 2024. Note: You can also find this text and suitable images in our press database at: www.hella.com/press
17.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | HELLA GmbH & Co. KGaA |
| Rixbecker Str. 75 | |
| 59552 Lippstadt | |
| Germany | |
| 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, DE000A3E5DP8 |
| WKN: | A13SX2, A3E5DP |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1882015 |
| End of News | EQS News Service |
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1882015 17.04.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 5.829,42 | 6.379,73 | 6.326,12 | 4.410,04 | 7.954,14 | 8.024,79 | 7.780,00 | |
| EBITDA1,2 | 575,57 | 894,10 | 703,24 | 369,00 | 1.020,73 | 1.054,96 | 0,00 | |
| EBITDA-Margin3 | 9,87 | 14,02 | 11,12 | 8,37 | 12,83 | 13,15 | 0,00 | |
| EBIT1,4 | -343,01 | 453,62 | 278,32 | 382,75 | 464,03 | 469,50 | 0,00 | |
| EBIT-Margin5 | -5,88 | 7,11 | 4,40 | 8,68 | 5,83 | 5,85 | 0,00 | |
| Net Profit (Loss)1 | -431,67 | 359,95 | 183,99 | 352,08 | 266,32 | 370,88 | 0,00 | |
| Net-Margin6 | -7,41 | 5,64 | 2,91 | 7,98 | 3,35 | 4,62 | 0,00 | |
| Cashflow1,7 | 635,80 | 703,83 | 292,47 | 637,98 | 825,69 | 854,14 | 250,00 | |
| Earnings per share8 | -3,88 | 3,22 | 1,63 | 3,15 | 2,38 | 3,18 | 2,90 | |
| Dividend per share8 | 0,00 | 0,96 | 0,49 | 2,88 | 0,71 | 0,95 | 0,90 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Forvis Mazars
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Hella | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A13SX2 | DE000A13SX22 | GmbH & Co. KGaA | 9.077,78 Mio € | 11.11.2014 | Halten | 9F3CM9F5+9F |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 29,18 | 22,43 | 1,30 | 32,84 | 2,93 | 10,63 | 1,13 |
|
Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,71 | 0,95 | 0,90 | 1,10% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 16.05.2025 | 08.05.2025 | 25.07.2025 | 07.11.2025 | 14.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +0,76% | -3,77% | -8,00% | -8,51% | +208,30% |
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