View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 17, 2015

GERMANY: Hella records year sales up 9.2% to EUR5.8bn

Hella has posted annual group sales up 9.2% to EUR5.8bn (US$6.4bn) for the fiscal year ending 31 May.

Hella has posted annual group sales up 9.2% to EUR5.8bn (US$6.4bn) for the fiscal year ending 31 May.

“The past fiscal year was very successful,” said Hella CEO, Rolf Breidenbach.

“We achieved our targets: Hella continued its growth significantly above market level and we also increased profitability.”

The company says its automotive business benefited from strong demand in financial year 2014/2015. External sales grew by 11% to EUR4.4bn (previous year: EUR3.9bn) and profit in the sector rose to EUR354m (previous year EUR291m).

The continued growth was driven by market demand as well as several new product launches, which included headlamps with complex LED technology and electronic systems for driver assistance and energy management.

The aftermarket segment, which had been weak in the first half, increased external revenues by 5% to EUR1.13bn (previous year: EUR1.08bn) mainly on the back of wholesale activities in Denmark and Poland.

Adjusted operating earnings decreased slightly to EUR73m (previous year: EUR78m).

The Special Applications business was severely hit by weak agricultural demand in the past fiscal year, particularly as a result of the Ukrainian crisis.

External sales fell by 10% to EUR308m (previous year: EUR343m) EBIT declined to EUR19m (previous year: EUR28m).

Hella adds it expects the positive business development to continue in the current financial year.

For financial year 2015/2016, Hella Group plans to grow sales and EBIT in the middle to high single-digit percentage range.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Just Auto