25.05.2020 HELLA GmbH & Co. KGaA  DE000A13SX22

DGAP-Adhoc: HELLA GmbH & Co. KGaA: Outlook for current fiscal year 2019/2020 with non-cash impairments in the fourth quarter; proposal to suspend dividend payments


 

DGAP-Ad-hoc: HELLA GmbH & Co. KGaA / Key word(s): Forecast/Payout
HELLA GmbH & Co. KGaA: Outlook for current fiscal year 2019/2020 with non-cash impairments in the fourth quarter; proposal to suspend dividend payments

25-May-2020 / 16:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


HELLA GmbH & Co. KGaA: Outlook for current fiscal year 2019/2020 with non-cash impairments in the fourth quarter; proposal to suspend dividend payments

- Group sales expected in the range of approx. 5.7 to 5.8 billion Euro; adjusted EBIT margin of approx. 4 per cent being forecast

- Non-cash extraordinary impairments of approx. 500 million Euro will be recognized in the fourth quarter of 2019/2020

- Management board proposes suspension of dividend payment for fiscal year 2019/2020

Lippstadt, 25 May 2020. For the fiscal year 2019/2020 (1 June 2019 to 31 May 2020), HELLA GmbH & Co. KGaA expects group sales in the range of approx. 5.7 to 5.8 billion Euro and an adjusted operating profit margin (adjusted EBIT margin) of approx. 4 per cent. In mid-March 2020, HELLA had already announced that, despite the immediate initiation of countermeasures, the massive economic consequences of the COVID-19 pandemic could not be fully compensated for and that the originally planned targets for the current fiscal year would probably not be achieved.

In the fourth quarter of the fiscal year 2019/2020, HELLA will furthermore recognize non-cash impairments of approx. 500 million Euro. The expected impairments mainly result from the considerably reduced market volume due to the COVID-19 pandemic and the assumption that the worldwide production volume of passenger cars and light commercial vehicles will, also in the medium to long term, remain significantly below the planning assumptions and market expectations made prior to the Corona crisis and that this will result in a lower capacity utilisation of the global HELLA production network. The impairments will affect certain financial performance indicators such as the reported EBIT, the group net income attributable to shareholders and the equity ratio but will have no impact on the adjusted EBIT margin.

In view of the resulting net loss for the current fiscal year at group level and the negative market expectation, the management board of HELLA GmbH & Co. KGaA has decided to propose to the Annual General Meeting on 25 September 2020, despite the good liquidity situation, to suspend the dividend payment for the fiscal year 2019/2020.


25-May-2020 CET/CEST 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
EQS News ID: 1054815

 
End of Announcement DGAP News Service

1054815  25-May-2020 CET/CEST

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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 85,600 Halten 9.511,11
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,78 21,13 1,13 35,40
KBV KCV KUV EV/EBITDA
3,38 11,52 1,20 9,50
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
4,33% 13,50% 3,76% 8,91%
    
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