Lighting and electronics specialist Hella says it has continued its profitable growth path in the fiscal year 2017/2018 (1 June 2017 to 31 May 2018). Based on preliminary key performance indicators, the currency-adjusted consolidated sales increased by 9.3%. Taking negative effects from exchange rates into consideration, reported sales increased by 7.2% to about EUR7.1bn (US$8.3bn) (prior year: EUR6.6bn).
Earnings also saw improvement based on preliminary figures. The adjusted earnings before interest and taxes (adjusted EBIT) increased by 8.8% to about EUR581m (prior year: EUR534m); the adjusted EBIT margin is accordingly at 8.2% (prior year: 8.1%). Taking special effects into account, the reported earnings before interest and taxes (EBIT) improved by 13.2% to around EUR574m (prior year: EUR507m), the reported EBIT margin thus increases to 8.1% (prior year: 7.7%).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“In this past fiscal year, we had much stronger growth than the automotive market and have further improved our profitability at a high level,” says Hella CEO Dr Rolf Breidenbach. “This positive trend shows that our alignment with central market trends such as autonomous driving, electrification and digitisation is successful. We want to continue along this path in the future and utilise the industry transformation for additional profitable growth.”
