Brief: Hella FY Currency And Portfolio-Adjusted Sales At EUR 8.1 Bln
16/02/2024 06:11
Feb 16 (Reuters) - HELLA GMBH & CO KGAA HLE.DE :
* ELECTRONICS BUSINESS GROUP INCREASED SALES BY 7.9 PERCENT
COMPARED TO PRIOR YEAR TO EUR 3.4 BILLION VERSUS EUR 3.1 BILLION
IN CALENDAR YEAR 2022
* PRELIMINARY FIGURES FOR 2023 AND OUTLOOK FOR 2024
PUBLISHED,
COMPETITIVENESS PROGRAM FOR EUROPE ANNOUNCED
* CURRENCY AND PORTFOLIO-ADJUSTED SALES OF EUR 8.1 BILLION
IN
FISCAL YEAR 2023
* COMPANY OUTLOOK FOR 2024 FORECASTS SLIGHT IMPROVEMENTS IN
A
CHALLENGING MARKET ENVIRONMENT
* ORDER INTAKE OF AROUND EUR 11 BILLION, INCLUDING FOR SMART
LIGHTS, 77 GHZ RADAR SENSORS, BATTERY ELECTRONICS AND SMART CAR
ACCESS SYSTEMS
* COST SYNERGIES FROM COOPERATION WITHIN FORVIA GROUP OF EUR
190
MILLION, MORE THAN HALF IS ATTRIBUTABLE TO FORVIA HELLA
* OPERATING INCOME MARGIN IS FORECASTED TO BE BETWEEN AROUND
6.0
AND 7.0 PERCENT.
* FOR NET CASH FLOW IN RELATION TO SALES, FORVIA HELLA IS
FORECASTING A FIGURE OF APPROXIMATELY 3 PERCENT.
* ANNUAL GROSS SAVINGS TARGETED BY MEASURES UP TO 2028
SHOULD THEN
AMOUNT TO EUR 400 MILLION
* COMPANY PLANS TO SPEND AROUND EUR 200 MILLION TO IMPLEMENT
OVERALL MEASURES UNTIL 2028, OF WHICH A LARGE EXTENT WILL BE
SPENT BY END OF 2025.
Further company coverage: HLE.DE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))