13.04.2016
HELLA KGaA Hueck & Co. DE000A13SX22
DGAP-News: HELLA KGaA Hueck & Co.: HELLA continues strong sales growth
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): 9-month figures
HELLA KGaA Hueck & Co.: HELLA continues strong sales growth
13.04.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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HELLA continues strong sales growth
- Group revenue increased by a good 10 percent in the first nine months
of the current fiscal year to 4.7 billion euros
- Operating Group earnings adjusted for one-time effects (adjusted EBIT)
increased by about 9 percent to 345 million euros
- Automotive segment continued to grow faster than global automotive
market
Lippstadt, April 13, 2016. HELLA KGaA Hueck & Co. - a global automotive
supplier for lighting and electronics - has increased group-wide revenue
for the first nine months of the current 2015/2016 fiscal year by 10.3
percent over the same period in the previous year to 4.654 billion euros
(previous year: 4.218 billion euros). About 2.4 percentage points result
from positive foreign exchange effects. The most important driver of
group-wide growth continued to be the strong market position in the
Automotive segment. Here, HELLA benefits specifically from a leading
portfolio of innovative LED technology and electronic components which
serve global trends such as energy efficiency (CO2 reduction) and safety.
"Innovative products are the key to a successful differentiation," says Dr.
Rolf Breidenbach, Chairman of the Management Board. "As a leader in
innovation, we are favorably positioned with our product categories. Our
strong technology portfolio is helping us to successfully acquire new
orders and grow faster than the market as a whole."
During the nine-month period, EBIT adjusted for one-time effects grew to
345 million euros (previous year: 318 million euros). This resulted in an
increase of around 9 percent and an adjusted EBIT margin of 7.4 percent,
which was slightly below the previous year (7.5 percent).
Taking into account one-time effects - particularly the additional expenses
resulting from the supplier failure in the first quarter - operating
earnings (EBIT) fell in the first nine months compared to the previous year
by about 20 million euros to 290 million euros (previous year: 309 million
euros). The EBIT margin was thus 6.2 percent (previous year: 7.3 percent).
Automotive segment grows faster than the market as a whole
The growth trend in the Automotive segment was supported by a solid demand
in Europe and America as well as a growing demand in China in the third
quarter. External revenue for the segment increased by about 3.5 billion
euros or around 11 percent over the nine-month period. When compared to
global growth in new car registrations and the sales of light vehicles,
HELLA was able to exceed overall market growth for the first nine months.
On the earnings side, HELLA's Automotive segment had an EBIT of 232 million
euros with a margin of 6.6 percent for the initial nine months of the
current fiscal year. This represents a decrease of 23 million euros
compared to the previous year, which primarily resulted from the
extraordinary expenses due to the supplier failure. Without these costs,
the EBIT margin would have been 7.9 percent and thus at the same level as
the previous year (8.0 percent).
Aftermarket segment remains on track for continued growth
In the first nine months the Aftermarket segment was able to continue
offsetting the weak demand of the same period in the previous year. This is
primarily owing to recovery on the European aftermarket as well as growth
in the wholesale business in Northern Europe. External segment revenue
expanded by 7.1 percent to 875 million euros. Operating income thus
increased by 6 million euros to 56 million euros. Relative to revenue, the
margin improved to 6.4 percent compared to 6.1 percent in the previous
year.
Special Application segment stabilizes
The Special Applications segment - which bundles business operations of
manufacturers of special vehicles and industrial lighting - has continued
to stabilize over the reporting period. External revenue in the segment
grew by 2 percent to 228 million euros in the nine-month period. EBIT was
12 million euros and thus 5 percent below the previous year, with a margin
of 5.2 percent, following 5.6 percent in the previous year. As part of the
focused product-market strategy, HELLA continues to examine the long-term
market potential of various special business segments.
Strong financial basis for future growth
The equity ratio at the end of the third quarter for the fiscal year
2015/2016 was 39.1 percent compared to 37.9 percent in the previous year.
The operative cash flow from operating activities rose by 54 million to 35
million euros in the nine-month period compared to the previous year.
Report for nine-month period confirms revenue and earnings forecasts for
the fiscal year as a whole
HELLA continues to expect that consolidated income for the entire fiscal
year will see growth in the middle to high single-digit range. Taking into
account the extraordinary expenses arising from the supplier failure in
China in the first half of the fiscal year, HELLA still expects the EBIT
for the entire fiscal year to be lower than the level for the previous year
and is thus keeping with the forecast. The negative impact on income from
the supplier failure is about 47 million and has been fully posted in
earnings for the nine month period. Without these extraordinary costs, the
EBIT would currently show an increase in the mid to high single digit range
relative to the previous year.
Note: The EBIT margins for the business segments listed in the press
release are based on external segment income. Further details about the
company strategy and activities in the individual business segments can be
found in the current nine-month report for fiscal year 2015/2016. The
report is available immediately on the HELLA KGaA & Hueck Co. website as a
download.
Selected key figures derived from the nine month financial report for
fiscal year 2015/2016 (June 1, 2015 to February 29, 2016)
(In million euros)
9 M 9 M Change FY 2015/2016 FY 2014/2015 Sales revenue 4,654 4,218 +10% Adjusted group earnings (adj. EBIT) 345 318 +9% Earnings Before Interest and Taxes (EBIT) 290 309 -6% Adjusted EBIT margin 7.4 % 7.5 % -0.1pp EBIT margin 6.2 % 7.3 % -1.1pp Equity ratio 39.1 % 37.9 % +1.2ppNote: This text as well as corresponding graphics are also available in our press database at: www.hella-press.com HELLA KGaA Hueck & Co., Lippstadt: HELLA is a global, family-owned company, listed on the stock exchange, with approx. 32,000 employees at over 100 locations in more than 35 countries. The HELLA Group develops and manufactures lighting technology and electronic components and systems for the automotive industry and also has one of the largest retail organizations for automotive parts, accessories, diagnostics, and services within Europe. Complete vehicle modules, air-conditioning systems, and vehicle electrical systems are also produced in joint venture companies. With more than 6,000 people working in research and development, HELLA is one of the most important innovation drivers on the market. In addition, with sales of EUR5.8 billion in fiscal year 2014/2015, the HELLA Group is one of the top 40 automotive suppliers in the world and one of the 100 largest German industrial companies. For more information please contact: Dr. Markus Richter Company spokesperson HELLA KGaA Hueck & Co. Rixbecker Straße 75 59552 Lippstadt Germany Tel.: +49 (0)2941 38-7545 Fax: +49 (0)2941 38-477545 [email protected] www.hella.com --------------------------------------------------------------------------- 13.04.2016 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: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf; Luxemburg End of News DGAP News Service --------------------------------------------------------------------------- 453727 13.04.2016
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