Brief: Hella FY Operating Income At EUR 486 Mln

HELLA GmbH & Co KgaA

15/03/2024 06:04

March 15 (Reuters) - HELLA GMBH & CO KGAA  HLE.DE :
    * FISCAL YEAR 2023: FORVIA HELLA INCREASES SALES AND
IMPROVES
PROFITABILITY
    * HELLA - FY CURRENCY-ADJUSTED SALES INCREASE BY 12.7
PERCENT TO
EUR 8.1 BILLION
    * HELLA - FY OPERATING INCOME MARGIN IMPROVES BY TWO
PERCENTAGE
POINTS TO 6.1 PERCENT; NET CASH FLOW IN RELATION TO SALES AT 2.6
PERCENT
    * HELLA - COMPANY OUTLOOK FOR 2023 REACHED: ADJUSTED SALES,
OPERATING INCOME MARGIN AND NET CASH FLOW IN RELATION TO SALES
WITHIN TARGET CORRIDORS
    * HELLA - OUTLOOK FOR 2024: SLIGHT IMPROVEMENTS IN SALES,
EARNINGS
AND NET CASH FLOW EXPECTED IN A PERSISTENTLY VOLATILE MARKET
ENVIRONMENT
    * HELLA - FY OPERATING INCOME INCREASED TO EUR 486 MILLION
(CALENDAR YEAR 2022: EUR 295 MILLION1)
    * HELLA - FY OPERATING INCOME MARGIN ROSE TO 6.1 PERCENT
(CALENDAR
YEAR 2022: 4.1 PERCENT1)
    * HELLA - DIVIDEND OF EUR 0.71 PER SHARE PROPOSED
    * HELLA - OUTLOOK 2024: EXPECTS TO GENERATE CURRENCY AND
PORTFOLIO-ADJUSTED GROUP SALES OF BETWEEN AROUND EUR 8.1 AND 8.6
BILLION
    * HELLA - OUTLOOK 2024: OPERATING INCOME MARGIN IS
FORECASTED TO
BE BETWEEN AROUND 6.0 AND 7.0 PERCENT
    * HELLA - OUTLOOK 2024: EXPECTS NET CASH FLOW IN RELATION TO
SALES
TO BE AT APPROXIMATELY 3 PERCENT

Source text for Eikon:  ID:nEQt06rna 
Further company coverage:  HLE.DE 

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