Germany's HELLA Q1 sales flat, operating income down 12%

HELLA GmbH & Co KgaA

29/04/2026 06:40

Overview

Germany automotive supplier's fiscal Q1 sales flat yr/yr on currency-adjusted basis, down 2.9% reported

Operating income fell 12% yr/yr; margin slipped to 5.0% from 5.5%

Company confirmed fiscal 2026 guidance despite Lighting sales decline and market headwinds

Outlook

HELLA confirms 2026 guidance for currency-adjusted sales of €7.4-7.9 bln

Company expects 2026 operating income margin of 5.4%-6.0% of sales

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

Result Drivers

ELECTRONICS GROWTH - Electronics became the largest business group, driven by higher sales of radar sensors and energy management components in Europe and Asia

LIGHTING SALES DECLINE - Lighting sales fell due to lower production volumes in the Americas and Europe and several series phase-outs

LIFECYCLE SOLUTIONS GROWTH - Lifecycle Solutions sales rose, supported by demand from truck, bus, and machinery manufacturers and positive aftermarket performance

Company press release: ID:nEQ1C58zda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 2 bln
Q1 Operating Income
EUR 96 mln
Q1 Operating Margin
5.00%


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 5.5% below its April 28 closing price of €68.80

The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 60 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.)