"The upgrade by Moody's affirms our solid, well-balanced financial strategy," says HELLA CFO Bernard Schäferbarthold. "It has provided us with the necessary conditions for continuing to invest in future technologies and the expansion of our global network, to further expand HELLA's position as one of the leading automotive suppliers."
In the past fiscal year 2017/2018, HELLA continued to improve its financial position. For instance, the company's net financial debt was reduced considerably to 187 million EUR (previous year: 278 million EUR). Accordingly, its ratio to the reported earnings before interest, taxes, depreciation and amortization (EBITDA) as at the balance sheet date, May 31, 2018, was 0.2 (previous year: 0.3).