24.07.2019 HELLA GmbH & Co. KGaA  DE000A13SX22

DGAP-News: HELLA GmbH & Co. KGaA: Preliminary figures for fiscal year 2018/2019: HELLA achieves annual targets


 

DGAP-News: HELLA GmbH & Co. KGaA / Key word(s): Preliminary Results
HELLA GmbH & Co. KGaA: Preliminary figures for fiscal year 2018/2019: HELLA achieves annual targets

24.07.2019 / 20:43
The issuer is solely responsible for the content of this announcement.


Preliminary figures for fiscal year 2018/2019:
HELLA achieves annual targets
 

- Currency- and portfolio-adjusted sales growth of 5.0 percent; adjusted EBIT increase by 5.9 percent to EUR 585 million; adjusted EBIT margin improves to 8.4 percent

- Continuation of established dividend policy; additional payout of special dividend planned

- Outlook for fiscal year 2019/2020 reflects high uncertainties in the market environment and therefore decreasing sector development
 

Lippstadt, 24 July 2019. On the basis of preliminary figures, the globally positioned automotive supplier HELLA has closed the fiscal year 2018/2019 (1 June 2018 to 31 May 2019) with a sales and earnings increase. The currency- and portfolio-adjusted consolidated sales increased by 5.0 percent compared to previous year. In light of the disposal of the wholesale distribution business and taking exchange rate effects into account, reported sales reduced to EUR 7.0 billion (previous year: EUR 7.1 billion).

Based on preliminary figures, the earnings before interest and taxes adjusted for restructuring measures and portfolio effects (adjusted EBIT) improved by 5.9 percent to EUR 585 million (previous year: EUR 552 million). This corresponds to an adjusted EBIT margin of 8.4 percent (previous year: 8.3 percent). The reported earnings before interest and taxes (EBIT) rose to EUR 808 million (previous year: EUR 574 million) primarily due to the extraordinary gains from the successful sale of the wholesale business. Therefore, the reported EBIT margin is 11.6 percent (previous year: 8.1 percent).

"We have faced a demanding fiscal year that was marked by major uncertainties in the overall automotive sector", said HELLA CEO Dr. Rolf Breidenbach. "Although we have largely compensated for these challenges in the past fiscal year and achieved our targets, we were confronted with a sharp slowdown in growth momentum, particularly in the second half of the fiscal year, as well."

 

Continuation of established dividend policy; additional payout of special dividend planned
 

The management of HELLA GmbH & Co. KGaA will propose to the annual general meeting on 27 September 2019 to pay out a special dividend of EUR 2.30 per share in addition to a regular dividend of EUR 1.05 per share (previous year: EUR 1.05). The special dividend is based on a strong balance sheet performance over the past years and the sale of the wholesale distribution business. The amount of the dividend approximately corresponds to the accounting profit of EUR 255 million that HELLA has realized by disposing the wholesale distribution business or around two thirds of the cash proceeds of this transaction. The total dividend would therefore be at EUR 3.35 per share for the fiscal year 2018/2019.

"With this proposal, we continue our dividend policy that we have established in the previous years, while at the same time we want to involve our shareholders in the successful disposal of our wholesale business", said HELLA CFO Bernard Schäferbarthold. "Also after paying out this special dividend, HELLA will continue to have a solid and strong financial basis in order to consistently invest in future technologies as well as further profitable growth."
 

Outlook for fiscal year 2019/2020 reflects high uncertainties in the market environment and therefore decreasing sector development
 

"Especially due to our strategic alignment along the major automotive market trends such as autonomous driving and electromobility, we assume that HELLA will still grow stronger than the market in the future", says Dr. Rolf Breidenbach. "However, the company will not be able to completely withdraw from the general sector development. The markets will continue to decline and to be characterised by a high degree of uncertainties. At the same time, we will still invest significantly in research and development and anticipate further increasing material and labor costs."

Against this background, HELLA expects currency- and portfolio-adjusted sales in the range from EUR 6.5 billion to EUR 7.0 billion (previous year portfolio-adjusted: around EUR 6.8 billion) for the current fiscal year 2019/2020 as well as an EBIT margin adjusted for restructuring measures and portfolio effects in the range from 6.5 to 7.5 percent (previous year portfolio-adjusted: 8.4 percent).

At the occasion of publishing the preliminary figures and the dividend proposal for the past fiscal year 2018/2019 as well as the outlook for the current fiscal year 2019/2020, a conference call will take place on 25 July 2019 at 09:00 AM (CET). As originally announced, the final results for the fiscal year 2018/2019 will be published in detail on 9 August 2019.
 

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
Germany
Phone: +49 2941 38-7545
Fax: +49 2941 38-477545
[email protected]
www.hella.com



24.07.2019 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 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
EQS News ID: 846439

 
End of News DGAP News Service

846439  24.07.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 7.060,34 6.989,98 5.829,42 6.379,73 6.326,12 4.410,04 7.954,14
EBITDA1,2 1.017,94 1.190,78 575,57 894,10 703,24 369,00 1.020,73
EBITDA-Marge3 14,42 17,04 9,87 14,01 11,12 8,37
EBIT1,4 574,29 807,54 -343,01 453,62 278,32 382,75 464,03
EBIT-Marge5 8,13 11,55 -5,88 7,11 4,40 8,68 5,83
Jahresüberschuss1 390,05 630,41 -431,67 359,95 183,99 352,08 266,32
Netto-Marge6 5,52 9,02 -7,41 5,64 2,91 7,98 3,35
Cashflow1,7 825,85 758,96 635,80 703,83 292,47 637,98 825,69
Ergebnis je Aktie8 3,50 5,67 -3,88 3,22 1,63 3,15 2,38
Dividende8 1,05 3,35 0,00 0,96 0,49 2,88 0,92
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
Hella
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A13SX2 85,200 Halten 9.466,67
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,67 21,11 1,13 35,24
KBV KCV KUV EV/EBITDA
3,36 11,47 1,19 9,45
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,88 0,71 0,83 26.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2024 23.07.2024 17.10.2024 15.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,79% 12,86% 3,27% 8,40%
    
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