06.04.2017
HELLA KGaA Hueck & Co. DE000A13SX22
DGAP-News: HELLA KGaA Hueck & Co.: HELLA reports accelerated growth and a significant increase in earnings
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): 9-month figures
HELLA KGaA Hueck & Co.: HELLA reports accelerated growth and a significant
increase in earnings
06.04.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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HELLA reports accelerated growth and a significant increase in earnings in
the third quarter of fiscal year 2016/2017
- Sales rise by a substantial 5.5% and earnings before interest and taxes by
18.4% over the third quarter
- Consolidated sales over the nine-month period increase to EUR 4.8 billion:
+3.5% after adjustment for currency and portfolio effects (reported +2.6%)
- Adjusted EBIT over the first nine months grow significantly by 8.1% to EUR
373 million; the adjusted EBIT margin improves to 7.8%
- Dr Jürgen Behrend retires as Managing General Partner on 30 September 2017
after the Annual General Meeting
Lippstadt, 06 April 2017. HELLA KGaA Hueck & Co., a globally leading
supplier of lighting technology and electronic products for the automotive
industry, improved sales and earnings over the first nine months of this
fiscal year 2016/2017 (1 June 2016 to 28 February 2017). Adjusted for
negative exchange rate effects and effects from the sale of the Industries
and Airport Lighting activities, sales over the period increased by 3.5%.
Reported consolidated sales including these special effects grew by 2.6% to
a total EUR 4.8 billion (prior year EUR 4.7 billion).
"As we had projected, our business growth accelerated substantially in the
third quarter," says HELLA CEO Dr Rolf Breidenbach. Consolidated sales
increased by 5.5% (adjusted for currency and portfolio effects by 5.7%) to
EUR 1.6 billion. The group-wide sales growth was driven mainly by the
momentum in the Automotive segment. "This positive development is in large
part the result of numerous successful production ramp-ups for new client
models."
Adjusted earnings before interest and taxes (adjusted EBIT) over the
nine-month period grew by 8.1% to EUR 373 million (prior year: EUR 345
million). The adjusted EBIT margin increased year on year by 0.4 percentage
points to 7.8%. Unadjusted for special effects, earnings before interest and
taxes (EBIT) improved by 20.2% to EUR 348 million (prior year: EUR 290
million), the EBIT margin rose by 1.1 percentage points to 7.3%.
In the third quarter, adjusted EBIT grew by 17.2% year on year to EUR 105
million (prior year: EUR 89 million). This corresponds to an EBIT margin of
6.6% (prior year: 6.0%). Taking special effects into account, EBIT rose to
EUR 103 million in the third quarter (prior year: EUR 87 million), which
equates to an EBIT margin of 6.5% (prior year: 5.8%).
Production ramp-ups drive growth momentum in the Automotive segment
External sales in the first nine months of fiscal year 2016/2017 grew by
2.4% to EUR 3.6 billion in the Automotive segment (prior year: EUR 3.5
billion). Growth in the Automotive segment was mainly driven by strong
demand for innovative lighting solutions and electronics products, for
instance in the area of energy management. Particularly in the third
quarter, numerous production ramp-ups led to stronger growth momentum in the
segment. The profitability of the Automotive segment increased significantly
over the nine-month period with earnings before interest and taxes in the
segment by 12.7% to EUR 314 million compared to the adjusted prior-year
numbers (prior year: adjusted EUR 279 million). The EBIT margin improved
accordingly to 8.6%.
Broad portfolio contributes to sales growth in the Aftermarket segment
External segment sales in the Aftermarket segment increased by 5.5% to EUR
923 million over the first nine months of the fiscal year (prior year: EUR
875 million). All businesses of the segment contributed to the sales growth.
Earnings before interest and taxes grew by 4.5% to EUR 58 million (prior
year: EUR 56 million) over the first nine months with the corresponding EBIT
margin stable year on year at 6.1%.
Special Applications: Modest sales growth in the core business
External sales over the first nine months of this fiscal year declined by
4.6% to EUR 217 million in the Special Applications segment (prior year: EUR
228 million). Adjusted for the divested business activities Industries and
Airport Lighting, however, sales of the remaining business activities
increased slightly by 0.2% in the context of a still difficult market
environment in the agricultural sector. Positive contributions come from the
business for trailers. The segment's EBIT declined to EUR 2.3 million (prior
year: EUR 11.8 million) over the first nine months of this fiscal year due
to the wind-down of the divested business activities and the relocation of
production capacity to Eastern Europe. This brings the EBIT margin to 1.0%
(prior year: 5.1%).
Full-year sales and earnings guidance for fiscal year 2016/2017 confirmed
Nine months into fiscal year 2016/2017, HELLA Group remains confident that
the business will continue to grow. HELLA continues to project exchange-rate
and portfolio-adjusted sales growth, a rise in the adjusted EBIT in the
mid-single-digit percentage range and an adjusted EBIT margin at the prior
year level for fiscal year 2016/2017.
Dr Jürgen Behrend to retire on 30 September 2017
As announced, Dr Jürgen Behrend will retire as Managing General Partner of
HELLA KGaA Hueck & Co. this year. Since a vote by the Annual General Meeting
of HELLA KGaA Hueck & Co., which will be held this year on 28 September
2017, is legally required in this context, Dr Behrend will retire on 30
September 2017, i.e. immediately after the Annual General Meeting. Selected
financials (in EUR million or percent of sales respectively):
Nine months Nine months Cha-
2016/2017 2015/2016 nge
Sales 4,776 4,654 +2.6%
Adjusted earnings before interest 373 345 +8.1%
and taxes (adj. EBIT)
Earnings before interest and taxes 348 290 +20.2%
(EBIT)
Adjusted EBIT margin 7.8% 7.4% +0.4pp
EBIT margin 7.3% 6.2% +1.1pp
Please note that where sums and percentages have been rounded, differences
may arise as a result of commercial rounding.
The statement for the first nine months of fiscal year 2016/2017 is
available for downloading as of today from the website of HELLA KGaA Hueck &
Co.
Please 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, listed family business with currently approx. 36,000
employees at over 125 locations in some 35 countries. HELLA Group develops
and manufactures lighting technology products and electronic components for
the automotive industry and still 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, 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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06.04.2017 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.
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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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562507 06.04.2017
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