27.03.2015
HELLA KGaA Hueck & Co. DE000A13SX22
DGAP-News: Correction: HELLA KGaA Hueck & Co.: Nine month results fiscal year 2014/2015: HELLA increases sales and earnings
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): 9-month figures
Correction: HELLA KGaA Hueck & Co.: Nine month results fiscal year
2014/2015: HELLA increases sales and earnings
27.03.2015 / 08:33
---------------------------------------------------------------------
Nine month results fiscal year 2014/2015: HELLA increases sales and
earnings
- Sales up 7 percent year on year to EUR 4.218 million
- Earnings before interest and taxes (EBIT) increase by 14 percent to EUR
309 million
- Expected growth in full-year sales and operating profit in a middle to
high single-digit percentage range
Lippstadt, 27 March 2015. HELLA KGaA Hueck & Co., a globally leading
supplier of lighting technology and electronic products for the automotive
industry, successfully built on previous growth in the third quarter of
fiscal year 2014/2015 and further accelerated its pace compared to the
second quarter. This was also helped by currency effects. Group sales over
the first nine months of this fiscal year increased by about 7 percent year
on year to EUR 4.218 billion (previous year: EUR 3.944 billion), thereby
once again outgrowing the global automotive market. Adjusted operating
earnings (EBIT) over the same period grew by circa 14 percent to EUR 309
million (prior year period: EUR 271 million). This corresponds to an
adjusted EBIT margin of 7.3 percent (previous year: 6.9 percent). Adjusted
by expenditures for the phased voluntary partial retirement and redundancy
program, operating earnings grew by approximately 6 percent to 318 million
(previous year: EUR 300 million). This corresponds to an adjusted EBIT
margin of 7.5 percent.
Strong momentum in the Automotive business carries on
HELLA's development in the third quarter continues the growth path
established in previous quarters, with HELLA's Automotive business again
being the decisive performance driver. Besides the general market recovery
in Western Europe the business was boosted particularly by HELLA's strong
positioning with German premium OEMs and the commencement of new projects
with high-quality LED technologies and electronic components. Nine month
Automotive sales rose 8.3 percent to EUR 3.4 billion (previous year: EUR
3.1 billion). External growth (without intra-business sales) was 10
percent.
"HELLA now reaps the rewards of the hard work that went into our
globalization initiative over the past years and months", said CEO Dr Rolf
Breidenbach. "Particularly our strong regional presence in the North
American and Chinese growth markets is paying off in the current market
environment. The healthy momentum we have seen this fiscal year is proof
that our growth strategy, we pursue over the long term, works and motivates
us to continue down that route."
Aftermarket business more stable
The Aftermarket business recovered from a weak first half, growing sales by
7 percent quarter on quarter in the three months to February. The decisive
factor was positive momentum in the North and Eastern Europe wholesale and
the garage businesses. Over the first nine months of the year, the business
increased sales by 0.6 percent year on year to EUR 861 million.
Headwinds for the Special Applications business continue
The stubbornly sluggish agricultural demand still weighed on the results of
the Special Applications business. Key clients significantly downsized
production inter alia due to the Ukraine crisis, nine month sales fell by
11 percent to EUR 225 million.
Development over the nine month period supports full-year growth and
earnings forecast
HELLA continues to benefit from solid financials. Its equity ratio was 38
percent at the reporting date on 28 February 2015. The net debt to EBDITA
ratio was 0.4x. In February Moody's renewed the Baa2 investment grade
rating with a stable outlook.
In the anticipation that the positive market conditions continue, HELLA
expects to grow fiscal year 2014/2015 sales and adjusted operating earnings
at Group level correspondingly in a middle to high single-digit percentage
range.
Selected financial data from the nine month report 2014/2015
(in EUR million)
2014/2015 2013/2014 Change Sales 4,218 3,944 +6.9% Earnings before interest and taxes (EBIT) 309 271 +14,0% EBIT margin 7,3% 6,9% +0,4pp Equity ratio 37,9% 32,3% +5.6ppAdditional details on the corporate strategy and the activities of the individual businesses are available in the current nine month report 2014/2015. It can be downloaded as of today from the HELLA KGaA & Hueck Co. website. Please note: This text and matching pictures are also available from our press database on: 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 --------------------------------------------------------------------- 27.03.2015 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 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf; Luxemburg End of News DGAP News-Service --------------------------------------------------------------------- 338409 27.03.2015
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
HELLA KGaA Hueck & Co. ISIN: DE000A13SX22 können Sie bei EQS abrufen
Automobilzulieferer , A13SX2 , HLE , XETR:HLE