Germany's HELLA 2025 sales dip as high-volume projects phase out

HELLA GmbH & Co KgaA

19/03/2026 06:12

Overview

Germany automotive supplier's fiscal 2025 currency-adjusted sales stable, but reported sales fell 2.1%

Operating income for fiscal 2025 rose to €474 mln, margin increased to 6.0%

Order intake for fiscal 2025 totaled €10 bln, over half from Asian and American markets

Outlook

HELLA expects 2026 currency-adjusted sales of around €7.4 bln to €7.9 bln

Company sees 2026 operating income margin between around 5.4% and 6.0% of sales

HELLA expects 2026 net cash flow of at least 1.8% of sales

Result Drivers

ELECTRONICS GROWTH - Growth in the Electronics business driven by radar projects, higher volumes in vehicle access systems, and successful battery management business in China

LIGHTING SALES DECLINE - Lighting business sales fell due to phase-out of high-volume projects in China and the Americas and market weakness in Europe

COST MANAGEMENT - Operating income rose, supported by cost management and structural improvements

Company press release: ID:nEQ5pW4sca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Orders
EUR 10 bln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

Wall Street's median 12-month price target for HELLA GmbH & Co KGaA is €65.00, about 13.1% below its March 18 closing price of €74.80

The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 59 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)