09.01.2015
HELLA KGaA Hueck & Co. DE000A13SX22
DGAP-News: Half-yearly financial report for 2014/2015: HELLA increases sales and returns
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): Half Year Results
Half-yearly financial report for 2014/2015: HELLA increases sales and
returns
09.01.2015 / 08:48
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Half-yearly financial report for 2014/2015:
HELLA increases sales and returns
- In comparison to the same period of the previous year, sales grow by 6
percent to roughly 2.83 billion Euros
- Profit before interest and taxes (EBIT) rises by 29 percent to 221
million Euros
- Equity ratio improved to reach 36 percent
- Forecast for increase in sales and returns confirmed
Lippstadt, January 9, 2015. The HELLA KGaA Hueck & Co., one of the world's
leading automotive suppliers for lighting and electronics, successfully
carried forward its growth course in the second quarter of the current
fiscal year of 2014/2015 and, in comparison to the first quarter, has
indeed accelerated it even further. During the first six months of the
current fiscal year, the company generated sales of roughly 2.83 billion
Euros across the Group and has thus gained approximately six percent over
the same period of the previous year (2.66 billion Euros), a definite
indication that HELLA's growth clearly outstrips that of the international
automotive market. Furthermore, in the first six months, the company
succeeded in ramping up the operating earnings (EBIT) immensely by about 29
percent to 221 million Euros (same period of the previous year: 171 million
Euros). Such figures correspond to an EBIT margin of 7.8 percent (same
period of the previous year: 6.4 percent). Adjusted for expenses for a
voluntary partial retirement and redundancy program, the EBIT increased by
around 21 percent to 227 million Euros, corresponding to an EBIT margin of
8.0 percent (same period of the previous year: 7.1 percent).This positive
margin trend was therefore also successfully sustained throughout the
second quarter.
The prime driver of all this growth was the Automotive segment. This is
where HELLA could really prosper, especially because of its technologically
leading products such as headlamps boasting complex LED technology and its
electronic solutions for energy management, driver assistance and
electrical steering. At the same time the company was able to profit from
its impressive international presence and its strong position in the
premium segment. This growth in the Automotive division more than
compensated right across the Group for the weak market developments in the
business divisions of Aftermarket and Special Applications.
"The Automotive segment has developed in an extremely positive way during
the first six months," reports Dr. Rolf Breidenbach, Chairman of the
Management Board. "Our innovational products and our global network are in
tune with global megatrends and they allow us to advance on attractive
markets. The continued improvement to our profit margin attests to the
high-powered performance of our international organization."
The improvement experienced with the profit margin can be traced back to
economies of scale, to a favorable product mix and also to a further
intensification of the operating performance in the international network
that focused on the Automotive segment.
Automotive business segment on strong growth path
The Automotive segment developed extremely well in the first six months and
recorded additional sales of eight percent, climbing up to 2.3 billion
Euros (same period of the previous year: 2.1 billion Euros). The segment's
external growth (without internal segment sales) amounted to 10 percent.
And it was particularly the regional setups in the growth markets of North
America (NAFTA) and China that had a positive effect. Other key success
drivers were new product launches such as headlamps with complex LED
technology and electronic systems and electronic components designed for
energy management, driver assistance and electrical steering. The segment
earnings rose by 52 million to 185 million Euros, resulting in an EBIT
margin of 8.2 percent.
Challenging market environment for the Aftermarket and Special Applications
segments
In the first six months the Aftermarket division saw its sales drop by
three percent to 578 million Euros (same period in previous year: 593
million Euros). The operating income plummeted to 33 million Euros (same
period in previous year: 40 million Euros). The reasons for such decline
were weak seasonal demand and the progressing consolidation of wholesale
clients in Europe, particularly in Germany. In the Special Applications
segment, it was the weak demand in the agricultural sector, brought about
by the Ukraine conflict, that significantly led to a slump in sales of
eleven percent down to 152 million Euros (same period in previous year: 170
million Euros). As a result, the segment's income was reduced to 9 million
Euros (same period in previous year: 14 million Euros).
Reinforcement of sound financial structures as a result of successfully
going public
With a net revenue of 272 million Euros resulting from going public in
November 2014, HELLA has strengthened its financial structure in order to
continue expanding its international growth. In the first six months of the
fiscal year, the company's financial liabilities could be further reduced
by 168 million Euros. With net financial debt to EBITDA at a ratio of 0.4,
HELLA enjoys very sound financing and continues to hold an unchanged
investment grade status. On November 30, 2014, the closing date of the
reporting period, the equity ratio, including the large amount of liquid
assets, was 36 percent.
Successful close of the first half-year shores up growth perspectives
HELLA confirms its forecast for the current fiscal year of 2014/2015 and
will continue seeking to increase sales and adjusted earnings, at Group
level, somewhere in the middle single-digit percentage range.
To find out more details about the corporate strategy and the activities in
the individual business segments, please refer to the half-yearly financial
report of 2014/2015. This is available for download on the website of HELLA
KGaA & Hueck Co. as of now (published under Investor Relations).
Selected financial figures from the first half-yearly financial report for
2014/2015
(Figures stated in millions of Euros)
2014/2015 2013/2014 Change Sales revenues 2,826 2,664 +6% Profit before interest and taxes (EBIT) 221 171 +29% Equity ratio 36.0% 31.7% +4.3ppPlease note: This text and corresponding photo material can also be found in our press database at www.hella.com/press HELLA KGaA Hueck & Co., Lippstadt: HELLA is a global, family-owned company, listed on the stock exchange, with more than 30,000 employees at 100 locations in more than 35 countries. The HELLA Group develops and manufactures light technology and electronic components and systems for the automotive industry and manages one of Europe's largest dealer organizations for automotive parts, accessories, diagnostics, and services. Entire vehicle modules, air-conditioning systems, and on-board electrical systems are also realized in joint venture companies. With over 5,800 employees working in Research and Development, HELLA is a key innovation driver in the market. In addition, with sales of approximately 5.3 billion Euros in the fiscal year of 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 Germany Phone: +49 (0)2941 38-7545 Fax: +49 (0)2941 38-477545 [email protected] www.hella.com --------------------------------------------------------------------- 09.01.2015 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 Listed: Regulierter Markt in Frankfurt (Prime Standard), München, Stuttgart; Freiverkehr in Berlin, Düsseldorf; Luxemburg End of News DGAP News-Service --------------------------------------------------------------------- 311327 09.01.2015
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