11.08.2016
HELLA KGaA Hueck & Co. DE000A13SX22
DGAP-News: HELLA KGaA Hueck & Co.: HELLA significantly grows sales in fiscal year 2015/2016
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): Final Results
HELLA KGaA Hueck & Co.: HELLA significantly grows sales in fiscal year
2015/2016
11.08.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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HELLA significantly grows sales in fiscal year 2015/2016
- Group sales rise to about EUR 6.4 million (+8.9 per cent)
- Adjusted EBIT improves to about EUR 476 million (+7.1 per cent)
- Adjusted EBIT margin of 7.5 per cent in line with the previous year
- Proposed stable dividend of EUR 0.77 per share
Lippstadt, 11 August 2016. HELLA KGaA Hueck & Co., a globally leading
supplier of lighting technology and electronic products for the automotive
industry, increased Group sales by 8.9 per cent to about EUR 6.4 billion in
fiscal year 2015/2016 ending on 31 May 2016 (previous year: EUR 5.8
billion). Adjusted operating earnings (EBIT) also increased by 7.1 per cent
year on year from EUR 445 to EUR 476 million. The adjusted EBIT margin was
7.5 per cent (previous year: 7.6 per cent). Special items with negative
impacts on earnings - which include particularly the effects of the
extraordinary supplier failure in China in September 2015 - pushed EBIT
down by approximately 2.3 per cent year on year from EUR 430 million to EUR
420 million. At the reporting date on 31 May 2106, HELLA had about 34,000
permanent employees, almost 5.7 per cent more than in the previous year.
"We have again grown strongly in 2015/2016 in what has been a challenging
market environment," says CEO Dr Rolf Breidenbach. "We are especially proud
that HELLA could improve sales across all three segments - Automotive,
Aftermarket and Special Applications. This confirms us in our belief that
our focused product portfolio and our broad global footprint have put us on
the road to success. We intend to continue down this route going forward."
Sales increase across all segments - Automotive remains growth driver
The Automotive segment again recorded significant growth in fiscal year
2015/2016 on the back of new products and a strong automotive market.
External segment sales grew by 10.1 per cent to EUR 4.8 billion (previous
year: EUR 4.4 billion). Due to an exceptional, non-recurring charge of EUR
47 million from the failure of a Chinese supplier in September 2015, the
earnings of the segment declined by EUR 11 million to EUR 343 million.
Growth was driven predominantly by new product launches - including complex
LED technologies, electronic systems and components for energy management,
driver assistance and electronic steering. HELLA's broad regional presence
was also beneficial.
The Aftermarket segment generated robust sales growth in fiscal year
2015/2016. External segment sales increased by 5.9 per cent to EUR 1.2
billion (previous year EUR 1.1 billion). Operating earnings grew by EUR 7
million to EUR 80 million. Growth was driven mainly by the wholesale
business in Denmark and Poland, the garage equipment business and the
tangible recovery of the independent spare parts market in Europe.
The Special Applications segment succeeded in stabilising in spite of the
still weak demand in the agriculture sector. Sales in the segment grew by
2.0 per cent to EUR 315 million (previous year EUR 308 million). EBIT
declined from EUR 19 million to EUR 5 million which resulted from the
operating development in the Industries and Airport Lighting sub-segments
and the sale of these activities. HELLA has sold these sub-segments in May
of the past fiscal year in the context of its portfolio optimisation.
Emphasis on research & development ensures technology leadership
Research & development expenditures in fiscal year 2015/2016 increased by
EUR 80 million year on year to EUR 623 million or 9.8 per cent of Group
sales, up from 9.3 per cent in the previous year. They resulted mainly from
the development of complex innovative product generations and investments
in the global development network. The number of employees working globally
in research and development increased to about 6,400 in fiscal year
2015/2016. By now, almost every fifth HELLA employee works in research and
development.
"Technology leadership is a key differentiator for HELLA," says Dr
Breidenbach. "The passion to innovate and investments in new technologies
are integral parts of HELLA's DNA and the cornerstone of additional global
growth."
Today, HELLA's development activities in the lighting business focus inter
alia on so-called high-definition headlights that improve visibility with
several hundred thousand of lighting spots each of which can be activated
individually and which result in a significantly higher resolution. In
electronics, HELLA supports its clients in the development and
implementation of advanced functions that correspond to global market
trends including autonomous driving, connectivity and energy efficiency.
HELLA continuously adds to its already extensive know-how in these areas.
Solid financing
HELLA continues to rely on its solid long-term financing as the foundation
for profitable organic growth. As of 31 May 2016, the equity ratio reached
40 per cent, up one percentage point year on year from 39 per cent.
Liquidity (cash and short-term fiscal assets) amounted to about EUR 914
million.
Growth also driven by international networking strategy
In addition to its core business, HELLA also follows a cooperation
approach: its international networking strategy has been designed to drive
growth further through partnerships with other companies in joint ventures,
mainly in order to gain access to complimentary technologies, tap into new
markets or client segments and benefit from economies of scale. Overall,
external sales of companies recorded at equity amounted to EUR 3.3 billion,
out of which EUR 1.3 billion were attributed to HELLA. The pro rata at
equity result reached EUR 53 million.
Proposed dividend of EUR 0.77 per share
The management will ask the annual general meeting to approve a dividend of
EUR 0.77 per share for fiscal year 2015/2016. This dividend will remain in
line with the previous year in spite of the non-recurring charges. Based on
111,111,112 no par value shares, the total dividend payment would amount to
EUR 86 million.
Outlook for fiscal year 2016/2017
HELLA also anticipates positive business performance in fiscal year
2016/2017. This outlook is supported by the Group's three strategic
approaches: HELLA will continue to focus strongly on building its own
market position based on its significant technological know-how and
innovative product solutions that cater to the key megatrends environment
and energy efficiency, safety and styling and comfort. HELLA also intends
to further advance its global expansion, mainly in China and North America
(NAFTA) where the company has identified promising opportunities. The
objective is to further strengthen HELLA's position as a core vendor and
solutions supplier to the automotive industry. In addition, HELLA seeks to
further increase its own operational excellence in the global HELLA
network.
For fiscal year 2016/2017, the HELLA Group expects sales and adjusted EBIT
growth in the middle single-digit percentage range and an adjusted EBIT
margin that is more or less at the prior year's level.
Please note:
This text and matching pictures are also available from our press database
on:
www.hella-press.com
The annual report of HELLA KGaA Hueck & Co can be downloaded from the
following link:
www.hella.com/annualreport
HELLA KGaA Hueck & Co., Lippstadt: HELLA is a global, family-owned company,
listed on the stock exchange, with approx. 34,000 employees at over 125
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 EUR 6.4 billion in fiscal year 2015/2016, 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:
Dr Markus Richter
Company spokesperson
HELLA KGaA Hueck & Co.
Rixbecker Straße 75
59552 Lippstadt
Deutschland
Tel.: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545
[email protected]
www.hella.com
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11.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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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, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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