Hella shares fall after FY outlook cut

HELLA GmbH & Co KgaA

27/09/2024 07:14

** Shares in Hella  HLE.DE  fall 5.6% in early Frankfurt
trade after the car supplier group cut its FY guidance for 2024
on Thursday
    ** Hella now expects FY currency and portfolio-adjusted
sales of 7.9-8.1 billion euros, compared to previous target of
the lower half of 8.1-8.6 billion euro range
    ** Its operating margin is expected to be in a range of
5.5-6% vs the lower half of the range of 6-7% previously
targeted
    ** "Hella shares lost 4.5% after hours, although warning
might not be as harsh as could have been feared following recent
BMW  BMWG.DE  and Mercedes-Benz  MBGn.DE  warnings," a local
trader says
    ** The stock, which has gained 7.8% YTD, is seen at the
bottom of Germany's mid-cap index  .MDAXI 

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))