HELLA ‘largely’ recovers pandemic-related losses

Sales and earnings significantly improved in fiscal year 2020/2021

HELLA ‘largely’ recovers pandemic-related losses

HELLA increased its currency and portfolio-adjusted consolidated sales by 13.3 per cent to € 6.5 billion in the past fiscal year (previous year: € 5.7 billion), it has confirmed.

Reported sales increased by 9.4 per cent to € 6.4 billion (previous year: € 5.8 billion), taking into account the effects of exchange rates and portfolio changes.

The adjusted earnings before interest and taxes (adjusted EBIT) more than doubled to € 510 million (previous year: € 227 million) as a result of the significant improvement in business development and continued strict cost management; the adjusted EBIT margin was accordingly 8.0 per cent (previous year: 4.0 per cent).

Taking into account special effects, the reported EBIT, amounted to € 454 million (previous year: € -343 million).

In the previous year, the value was additionally burdened by unscheduled non-cash impairments.

The reported EBIT margin rose to 7.1 per cent in the past fiscal year (previous year: -5.9 per cent).

With these results, HELLA is at the upper end of the forecast ranges raised in December 2020.

On this basis, the company management will propose a dividend payment of € 0.96 per share at the Annual General Meeting on 30 September 2021.

“The past fiscal year was characterised by numerous challenges and efforts.

“Nevertheless, we have stood our ground well even in this challenging environment and closed the year successfully overall,” says HELLA CEO Dr. Rolf Breidenbach.

“Above all, we have largely made up for the economic consequences of the pandemic and at the same time acquired a lot of new business for the future on the basis of our innovative product portfolio.”

Sales in the aftermarket segment grew by 7.3 per cent to € 504 million in the past fiscal year (previous year: € 470 million).

This is due in particular to the good sales performance of the independent aftermarket business in Europe.

The segment’s EBIT improved to € 68 million (previous year: € 46 million).

The EBIT margin therefore comes to 13.4 percent (prior year: 9.7 per cent).

The main factors behind the improvement in earnings were higher business shares with software licenses, cost-saving measures and further efficiency improvements in the logistics chain.

Home Page Forums HELLA ‘largely’ recovers pandemic-related losses

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  • #216421 Reply

    HELLA increased its currency and portfolio-adjusted consolidated sales by 13.3 per cent to € 6.5 billion in the past fiscal year (previous year: € 5.7
    [See the full post at: HELLA ‘largely’ recovers pandemic-related losses]

    #216432 Reply

    When they make their stuff where the pandemic comes from no surprise

    Means wasn’t as bad as first thought or their prices are to much


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