FORVIA HELLA has released its financial results for the first nine months of 2024. The company reported stable sales and solid profitability despite a challenging market environment.
Currency-adjusted sales increased by 0.8% to €6.0 billion, while reported sales remained steady at €5.9 billion. Operating income reached €344 million, resulting in an operating income margin of 5.8%.
The company’s performance was driven by the strong performance of its Lighting Business Group, which grew by 4.1%. However, the Electronics and Lifecycle Solutions business groups experienced declines due to factors such as customer-related postponements, weaker economic conditions, and slower electrification in Europe.
FORVIA HELLA has confirmed its updated outlook for the full year 2024, anticipating currency and portfolio-adjusted sales between €7.9 and €8.1 billion, an operating income margin of 5.5% to 6.0%, and a net cash flow of 2.2% to 2.7% of reported sales.
The company remains focused on its strategic initiatives to improve cost efficiency, expand its presence in Asia and America, and accelerate the development of electrification technologies. Despite the challenging market conditions, FORVIA HELLA is committed to maintaining its strong financial performance and driving long-term growth.
