HELLA sales up 14% in first quarter

Consolidated sales of HELLA increase significantly to around €2bn

HELLA logo

HELLA has announced that sales are up 14.4 percent in the first quarter, rising to around €2 billion.

Michel Favre, HELLA CEO, said: ”We have made a strong start to the new fiscal year. We were thus able to carry over the growth momentum of the previous year into the fiscal year 2023, even though the Chinese market developed modestly, as expected.

“Overall, the successful start to the new year therefore once again underlines the excellent positioning we have along key strategic growth areas, such as electrification and energy management as well as safe and automated driving.”

The electronics business group increased sales by 10.9 percent to €842m (Q1, 2022: €759m). Among other things, radar sensors, high-voltage battery management systems and other core products were in high demand.

Due to overall high production volumes, the lighting business group’s sales improved by 19.4 percent to €955m (Q1, 2022: €799m).

In the lifecycle solutions business group, sales increased by 10.7 percent to €283m (Q1, 2022: €255m). Main contributors were a strong replacement parts and workshop business, as well as a positive development with customers from the agricultural and construction machinery sector.

The full financial results for the first quarter of the fiscal year 2023 will be announced as planned on 27 April 2023.

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