06.09.2018
HELLA GmbH & Co. KGaA DE000A13SX22
DGAP-News: Moody's upgrades HELLA rating to Baa1 with a stable outlook
DGAP-News: HELLA GmbH & Co. KGaA / Key word(s): Rating
Moody's upgrades HELLA rating to Baa1 with a stable outlook
06.09.2018 / 16:30
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Moody's upgrades HELLA rating to Baa1 with a stable outlook
* The improved rating reflects a positive development of key financial
indicators
* The increase also takes into account the leadership of HELLA in the
areas of lighting technology and electronics as well as the diversified
business model
Lippstadt, September 06, 2018. Moody's Investors Services (Moody's) has
upgraded the rating of the lighting and electronics specialist HELLA to Baa1
with a stable outlook. The decisive factor for the increased rating was,
among other things, the positive development of key financial indicators.
The increased rating also takes into account the company's leadership in the
fields of automotive lighting technology and electronics as well as the
diversified business model with the segments Aftermarket and Special
Applications.
"The upgrade by Moody's affirms our solid, well-balanced financial
strategy," says HELLA CFO Bernard Schäferbarthold. "It has provided us with
the necessary conditions for continuing to invest in future technologies and
the expansion of our global network, to further expand HELLA's position as
one of the leading automotive suppliers."
In the past fiscal year 2017/2018, HELLA continued to improve its financial
position. For instance, the company's net financial debt was reduced
considerably to 187 million EUR (previous year: 278 million EUR).
Accordingly, its ratio to the reported earnings before interest, taxes,
depreciation and amortization (EBITDA) as at the balance sheet date, May 31,
2018, was 0.2 (previous year: 0.3).
Please note:
This text and corresponding photo material can also be found in our press
database at:
www.hella.com/press
HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global, family-owned company,
listed on the stock exchange, with more than 40,000 employees at over 125
locations in some 35 countries. The HELLA Group develops and manufactures
products for lighting technology and electronics for the automotive industry
and also has one of the largest retail organizations for automotive parts,
accessories, diagnostics, and services within Europe. With more than 7,000
people working in research and development, HELLA is one of the most
important innovation drivers on the market. Furthermore, with sales of EUR
7.1 billion in the fiscal year of 2017/2018, the HELLA Group is one of the
top 40 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 GmbH & Co. KGaA
Rixbecker Strasse 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545
[email protected]
www.hella.com
---------------------------------------------------------------------------
06.09.2018 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.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: HELLA GmbH & Co. KGaA
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; Luxembourg Stock Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
721385 06.09.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
HELLA GmbH & Co. KGaA ISIN: DE000A13SX22 können Sie bei EQS abrufen
Automobilzulieferer , A13SX2 , HLE , XETR:HLE