Hella KGaA Hueck & Co. has increased group sales by 8.9 per cent to about EUR 6.4 billion in fiscal year 2015/2016 ending on 31 May 2016.
Adjusted operating earnings (EBIT) also increased by 7.1 per cent year on year from EUR 445 to EUR 476 million, the adjusted EBIT margin was 7.5 per cent.
Special items with negative impacts on earnings pushed EBIT down by approximately 2.3 per cent year on year from EUR 430 million to EUR 420 million.
Hella CEO Dr Rolf Breidenbach, said: “We are especially proud that Hella could improve sales across all three segments – Automotive, Aftermarket and Special Applications.
“This confirms us in our belief that our focused product portfolio and our broad global footprint have put us on the road to success. We intend to continue down this route going forward.”
The Aftermarket segment generated robust sales growth in fiscal year 2015/2016.
External segment sales increased by 5.9 per cent to EUR 1.2 billion.
Operating earnings grew by EUR 7 million to EUR 80 million.
Growth was driven mainly by the wholesale business in Denmark and Poland, the garage equipment business and the tangible recovery of the independent spare parts market in Europe.
Outlook for fiscal year 2016/17
Hella will continue to focus strongly on building its own market position based on its significant technological know-how and innovative product solutions that cater to the key mega-trends environment and energy efficiency, safety and styling and comfort.
For fiscal year 2016/17, the Hella Group expects sales and adjusted EBIT growth in the middle single-digit percentage range and an adjusted EBIT margin that is more or less at the prior year’s level.
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