UK markets close in 1 hour 44 minutes
  • FTSE 100

    6,951.38
    -33.21 (-0.48%)
     
  • FTSE 250

    17,001.45
    -302.66 (-1.75%)
     
  • AIM

    807.83
    -13.52 (-1.65%)
     
  • GBP/EUR

    1.1106
    -0.0070 (-0.63%)
     
  • GBP/USD

    1.0675
    -0.0056 (-0.52%)
     
  • BTC-GBP

    17,866.77
    -1,214.59 (-6.37%)
     
  • CMC Crypto 200

    436.19
    +7.41 (+1.73%)
     
  • S&P 500

    3,655.42
    +8.13 (+0.22%)
     
  • DOW

    29,207.73
    +72.74 (+0.25%)
     
  • CRUDE OIL

    79.50
    +1.00 (+1.27%)
     
  • GOLD FUTURES

    1,653.00
    +16.80 (+1.03%)
     
  • NIKKEI 225

    26,173.98
    -397.89 (-1.50%)
     
  • HANG SENG

    17,250.88
    -609.43 (-3.41%)
     
  • DAX

    12,086.37
    -53.31 (-0.44%)
     
  • CAC 40

    5,718.10
    -35.72 (-0.62%)
     

HELLA GmbH & Co. KGaA: HELLA continues to grow more rapidly than the automotive market even in a challenging market environment

·3-min read

DGAP-News: HELLA GmbH & Co. KGaA / Key word(s): Preliminary Results/Annual Results
28.07.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

HELLA continues to grow more rapidly than the automotive market even in a challenging market environment

- According to preliminary figures, currency and portfolio-adjusted sales grew by 13.3 percent to € 6.5 billion in fiscal year 2020/2021

- At € 510 million, adjusted earnings before interest and taxes were more than twice as high as in the prior year; adjusted EBIT margin was 8.0 percent

Lippstadt, 28 July 2021. Based on preliminary financial results, the globally positioned automotive supplier HELLA has concluded the fiscal year 2020/2021 (1 June 2020 to 31 May 2021) with a significant increase in sales and earnings. Currency and portfolio-adjusted consolidated sales increased by 13.3 percent to € 6.5 billion (prior year: € 5.7 billion). The adjusted earnings before interest and taxes rose to € 510 million (prior year: € 227 million) and the adjusted EBIT margin was 8.0 percent (prior year: 4.0 percent). With these preliminary financial results, HELLA is in the upper reaches of the forecast ranges raised in December 2020. Accordingly, the company has continued to grow more rapidly than the global automotive market.

"The last fiscal year was marked by numerous challenges. Alongside mastering the impact of the global Covid-19 pandemic, we experienced significant resource bottlenecks in the global supply and logistics chains in the course of the year that had a perceptibly negative effect on our business. The situation will most likely remain unchanged in the current fiscal year," said HELLA CEO Dr. Rolf Breidenbach, as the preliminary financial results were presented. "We are therefore all the more pleased about the excellent results for the last fiscal year. The preliminary figures attest to the strength of our business model and above all, to the commitment of our more than 36,000 employees worldwide. On that basis, we were able to acquire much new business during the last fiscal year, particularly in key areas such as energy management, autonomous driving and innovative lighting technologies. As a consequence, we are in a good position to master the challenges of the future."

The complete and final financial results for fiscal year 2020/2021 will be published on 19 August 2021.

Please note: This text and corresponding photo material can also be found in our press database at: www.hella.com/press

HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global, family-owned company listed on the stock exchange, with over 125 locations in some 35 countries. With preliminary currency and portfolio-adjusted sales of € 6.5 billion in fiscal year 2020/2021 and more than 36,000 employees, HELLA is one of the world's leading automotive suppliers. HELLA specialises in innovative lighting systems and vehicle electronics and has been an important partner to the automotive industry and aftermarket for more than a century. Furthermore, in its Special Applications segment, HELLA develops, manufactures and sells lighting and electronic products for specialist vehicles.

For more information, please contact:
Dr. Markus Richter
Company spokesman
HELLA GmbH & Co. KGaA
Rixbecker Strasse 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545
Markus.Richter@hella.com
www.hella.com


28.07.2021 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.
Archive at www.dgap.de

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

WKN:

A13SX2

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:

1222138


 

End of News

DGAP News Service

show this
show this