Company / 20.07.2022
 
Company / 20.07.2022

Preliminary yearly figures: HELLA significantly outperforms global automotive market despite sales decline

  • According to preliminary figures for the fiscal year 2021/2022, currency and portfolio-adjusted sales declined by 2.4% to € 6.2 billion due to lower worldwide vehicle production
  • Adjusted earnings before interest and taxes fell to around € 280 million as a result of consistent investments in future technologies and increasing cost burdens; adjusted EBIT margin at 4.4%
07/20/2022
07/20/2022

Lippstadt, 20 July 2022. According to preliminary key data for the fiscal year 2021/2022 (June 1, 2021 to May 31, 2022), the internationally positioned automotive supplier HELLA who operates under the umbrella brand FORVIA, once again significantly outperformed the global automotive market in a challenging market environment. On a preliminary basis, the company's currency and portfolio-adjusted sales decreased slightly by 2.4% to € 6.2 billion (previous year: € 6.4 billion), while global light vehicle production fell significantly by around 9% in the same period. Adjusted earnings before interest and taxes (adjusted EBIT) decreased to around € 280 million (previous year: € 510 million) as a result of increasing cost burdens; adjusted EBIT margin was 4.4% (previous year: 8.0%).

"In the past fiscal year, we were facing strong headwinds from the market. On the one hand, vehicle production declined significantly as a result of component shortages and corona lockdowns; on the other hand, cost burdens increased significantly due to supply bottlenecks and noticeable inflation," says HELLA CEO Michel Favre. "In view of these diverse challenges, we performed well overall in the past fiscal year and once again significantly outperformed the general market trend. At the same time, we continued to invest heavily in the development of new automotive technologies and we recorded a very high order intake, among other things, for pioneering product innovations such as front panels, high-voltage voltage converters, the access system Smart Car Access or our brake-by-wire technology. This shows how robust and well prepared for the future HELLA's business model is."

The final and complete results for fiscal year 2021/2022 will be published on August 18, 2022. At this occasion, a press conference on the financial statements will also be held on that day in Düsseldorf at 8:30 a.m. as well as an explanatory analyst and investor call at 10:00 a.m. with Michel Favre (CEO) and Bernard Schäferbarthold (CFO).
 
2022
 
 
 
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07/20/2022
Contact
Dr. Markus Richter
Company Spokesman
Rixbecker Str. 75
59552 Lippstadt, Germany
Tel.: +49 2941 38-7545
Fax: +49 2941 38-477545
Markus.gwdn@zyolRichter@forvia.com
 
07/20/2022