FORVIA HELLA reports solid financial results amid market challenges

Sales and operating income impacted by declining vehicle production, but order intake remains strong

FORVIA HELLA reports solid financial results amid market challenges

FORVIA HELLA has released its financial results for the 2024 fiscal year, confirming previously announced data. Currency-adjusted sales increased by 1.3 percent to €8.1 billion, while reported sales remained at €8.0 billion.

This occurred against a backdrop of a 1.1 percent decline in global vehicle production, with a disproportionately large 4.3 percent drop in the European market.

Operating income decreased to €446 million, down from €486 million in the previous year, attributed to underutilisation in production due to lower-than-expected business volumes. The operating income margin fell to 5.6 percent from 6.1 percent. Net cash flow represented 2.4 percent of reported sales, a slight decrease from 2.6 percent.

Sales in the Lighting Business Group increased by 2.8 percent to €4.0 billion, primarily due to the full consolidation of Beijing Hella BHAP Automotive Lighting. However, sales in the Electronics Business Group fell slightly by 2.3 percent to €3.3 billion, impacted by series launch postponements and a slowdown in European electrification. The Lifecycle Solutions Business Group saw a 3.6 percent sales decrease to €1.0 billion, due to weaker demand in the commercial vehicle sector.

Order intake exceeded €10 billion, with approximately one-third originating from Asian and American markets. The company will propose a dividend of €0.95 per share at its Annual General Meeting.

For the 2025 fiscal year, FORVIA HELLA anticipates currency-adjusted sales between €7.6 billion and €8.0 billion, with an operating income margin of 5.3 to 6.0 percent. Net cash flow is forecast to be at least €200 million.

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