31.10.2014 HELLA KGaA Hueck & Co.  DE000A13SX22

DGAP-News: HELLA KGaA Hueck & Co.: HELLA goes public


 
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): IPO HELLA KGaA Hueck & Co.: HELLA goes public 31.10.2014 / 09:51 --------------------------------------------------------------------- The information contained herein is not for publication or distribution in or into the United States of America, Canada, Australia, or Japan. HELLA goes public - HELLA, a globally leading automotive supplier, is going public on the Prime Standard of the Frankfurt Stock Exchange - A private placement of about 11.1 million new shares at a price of EUR 25.00 per share was successfully completed today. This first tranche constitutes a crucial milestone of the overall transaction. The placement volume of this first tranche was approximately EUR 278 million - In the second sub-step, up to 5.75 million additional shares (including greenshoe option) held by the family shareholders will be offered - Offer to institutional investors from both Germany and other European countries in an accelerated bookbuilding, beginning with the announcement of the price range on 3 November and ending presumably on 6 November 2014 - Trading in HELLA shares is expected to start on 11 November 2014 - HELLA will still continue to be a family business with family shareholders as long-term majority investor Lippstadt, 31 October 2014. HELLA KGaA Hueck & Co., a globally leading supplier of lighting technology and electronic products for the automotive industry and a key partner of the European automotive spare parts market, is going public. Trading in Hella shares is expected to start on 11 November 2014 on the regulated market of the Frankfurt Stock Exchange (Prime Standard), as well as on the Luxembourg stock exchange. HELLA plans to use the proceeds of over approximately EUR 278 million from the private placement which has been completed today, to continue its current growth strategy. The family shareholders will continue as the long-term majority investor. "HELLA has a highly successful track record in the global automotive industry. Our key priority is to continue HELLA's status as an independent family business", says Dr Jürgen Behrend, Managing Partner. He added that "going public opens new opportunities to successfully continue our long-term growth strategy." HELLA shares will be placed in a two-stage transaction structure: HELLA, in the context of a confidential private placement, has already placed 11,111,112 shares (about 11.1 percent of the registered capital) from a capital increase (still to be executed) at a price of EUR 25.00 per share generating proceeds of approximately EUR 278 million. This first step of the overall transaction, which was completed today, enables HELLA to meet the requirements for listing its shares on the regulated market of the Frankfurt Stock Exchange (Prime Standard), as well as on the Luxembourg stock exchange. Up to 5.75 million additional shares from the family shareholders will be offered in the context of an additional private placement outside of the US, Canada, Australia and Japan in an accelerated book-building. Of these, up to 0.75 million shares could be allocated within the context of a greenshoe option. The subscription period will commence on 3 November and will end on 6 November 2014.This second transaction step is intended to enable HELLA to further broaden its shareholder base and strengthen the free float of the HELLA share. "Together with our banks, we have explicitly developed a structure under which we were able to engage early and intensively with selected investors. We also placed great importance on creating a balanced shareholder structure of renowned institutional investors and family offices already in the first step of the process", says Dr Jürgen Behrend. "In line with the requirements of the company and the selling shareholder family we have put particular emphasis on structuring a transaction with minimal risks for the company and the selling shareholders." The free float will amount to about 15 percent, if the greenshoe option is fully exercised; with the family continuing to own the remaining 85 percent of the shares. "The family will remain a long-term anchor shareholder of HELLA", says Dr Jürgen Behrend. "We have signed a pooling agreement to this effect in which we jointly agree to keep at least 60 per cent of the shares within the family and to act as one single investor. The agreement will be in force until at least 2024." The remaining 25 percent of the shares from the holdings of the shareholder family are subject to a lock-up of six months in line with the usual market practice. An inclusion in the MDAX is a mid-term target. Successful corporate development set to continue With revenues of EUR 5.3 billion in the 2013/2014 Financial Year, HELLA is one of the top 50 automotive suppliers globally. Over the past 10 years, HELLA succeeded in growing revenues by an average 6.3 percent annually - and even by a total of 10.2 percent since 2008/2009 (based on reported figures). HELLA grew its adjusted EBIT - adjusted by EUR 52 million for one-off-effects related to the voluntary severance and partial retirement program - to EUR393m and generated an adjusted EBIT margin of 7.4 per cent over the 2013/2014 Financial Year. "We aim to expand our international footprint and invest in innovation in order to offer clients around the world even better solutions", says Dr Rolf Breidenbach, CEO of HELLA. "With our successful growth strategy based on technology leadership, an attractive client portfolio, operating excellence and a global presence, we are in an excellent position to optimally exploit additional market potential. The proceeds from the transaction will enable us to accelerate our long-term growth strategy." Technological excellence and innovation leadership are the cornerstones of HELLA's successful track record. As a technological leader, HELLA benefits from key megatrends in the automotive industry: environment and energy efficiency, safety, design and comfort. This puts the company in a prime position and secures HELLA's standing as a core supplier of leading vehicle manufacturers. Particularly the market leadership in LED technologies and selected electronic solutions such as 24GHz sensors for driver assistance systems open up attractive growth opportunities. Another key competitive advantage is the disciplined internationalisation strategy and the targeted approach to global growth markets. They enable the company to meet the needs of the globally operating automotive manufacturers while also catering very efficiently to specific regional market requirements. In the 2013/2014 Financial Year, HELLA generated 57.3 percent of its gross revenues in its automotive segment outside of Europe. In the first quarter of the current Financial Year (2014/2015), HELLA has successfully continued its growth trend. Revenues increased by 4.5 per cent quarter on quarter from EUR 1.26 billion to about EUR 1.32 billion. Over the same period, HELLA grew its operating earnings (EBIT) by over 50 per cent to EUR 91 million (previous year: EUR 59 million). "We have a powerful global operation. Over the past two financial years alone, we increased our gross profit margins by a total of 2.0 percentage points", says Dr Wolfgang Ollig, CFO of HELLA. "And we have a sound financial structure in place that is reflected in a stable investment grade rating by Moody's (Baa2). From this strong financial foundation, we can continue our success story of reliable growth and sound profits." Additional details on the transaction With the successful completion of the confidential private placement, HELLA has reached the crucial milestone for going public and ten per cent of the shares (post capital increase) are already place with institutional investors and family offices. HELLA shares are expected to start trading on 11 November 2014 under the stock exchange symbol HLE. The International securities identification number (ISIN) is DE000A13SX22, the securities identifier (WKN) is A13 SX2. The prospectus for the admission of shares of HELLA KGaA Hueck & Co. to the regulated markets of the Frankfurt Stock Exchange (Prime Standard) and the Luxembourg stock exchange is likely to be approved by the German Financial Supervisory Authority (BaFin) on 3 November 2014, after which it will be published on the company website (http://www.hella.com) and will be available free of charge from the company. HELLA KGaA Hueck & Co. will announce the price range and the final price for the shares from the additional private placement presumably on 3 November 2014 as well as the final number of allocated shares presumably on 6 November in an ad hoc announcement. Bankhaus Lampe and Citigroup have been mandated as Joint Global Coordinators and Joint Bookrunners for the going public and the related private placements. Note: This text is also available on the internet: www.hella.com/ir A picture of the HELLA headquarters can be downloaded here. HELLA KGaA Hueck & Co., Lippstadt: HELLA is a global, independent, family-owned company with more than 30,000 employees at 100 locations in more than 35 countries. The HELLA Group develops and manufactures lighting and electronic components and systems for the automotive industry and also has one of the largest trade organizations for automotive parts, accessories, diagnosis, and services within Europe. In addition, complete vehicle modules, air-conditioning systems, and vehicle electrical systems are produced in joint venture companies. With more than 5,800 people working in research and development, HELLA is one of the most important innovation drivers on the market. In addition, with sales of approx. EUR 5.3 billion in fiscal year 2013/2014, the HELLA Group is one of the top 50 automotive parts suppliers in the world and one of the 100 largest German industrial companies. For additional information please contact: Dr Markus Richter Company spokesman HELLA KGaA Hueck & Co. Rixbecker Straße 75 59552 Lippstadt Germany Phone: +49 (0)2941 38-7545 Fax: +49 (0)2941 38-477545 [email protected] www.hella.com --------------------------------------------------------------------- 31.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: HELLA KGaA Hueck & Co. Rixbecker Str. 75 59552 Lippstadt Germany Phone: +49 (0)2941 38-7125 Fax: +49 (0)2941 38-6647 E-mail: [email protected] Internet: www.hella.de/ir ISIN: DE000A13SX22 WKN: A13SX2 End of News DGAP News-Service --------------------------------------------------------------------- 294326 31.10.2014


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 7.060,34 6.989,98 5.829,42 6.379,73 6.326,12 4.410,04 7.954,14
EBITDA1,2 1.017,94 1.190,78 575,57 894,10 703,24 369,00 1.020,73
EBITDA-Marge3 14,42 17,04 9,87 14,01 11,12 8,37
EBIT1,4 574,29 807,54 -343,01 453,62 278,32 382,75 464,03
EBIT-Marge5 8,13 11,55 -5,88 7,11 4,40 8,68 5,83
Jahresüberschuss1 390,05 630,41 -431,67 359,95 183,99 352,08 266,32
Netto-Marge6 5,52 9,02 -7,41 5,64 2,91 7,98 3,35
Cashflow1,7 825,85 758,96 635,80 703,83 292,47 637,98 825,69
Ergebnis je Aktie8 3,50 5,67 -3,88 3,22 1,63 3,15 2,38
Dividende8 1,05 3,35 0,00 0,96 0,49 2,88 0,92
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
Hella
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A13SX2 85,600 Halten 9.511,11
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,78 21,13 1,13 35,40
KBV KCV KUV EV/EBITDA
3,38 11,52 1,20 9,50
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,88 0,71 0,83 26.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2024 23.07.2024 17.10.2024 15.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
4,33% 13,50% 3,76% 8,91%
    
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