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DGAP-News: HELLA GmbH & Co. KGaA / Keyword (s): Preliminary results / Forecasts
29.11.2021 / 13:46
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HELLA publishes preliminary key figures for the second quarter of the fiscal year and adjusts the company’s outlook for the current fiscal year 2021/2022 due to the expected lack of market recovery in the second half and the increase financial charges

– Based on preliminary figures, Group sales declined by around 13% to € 1.5 billion in the second quarter of the year due to persistent bottlenecks in supply chains and global logistics

– Preliminary Adjusted EBIT margin drops to around 4.0% in Q2 due to higher material and logistics costs and increased production inefficiencies due to materials bottlenecks

– The revenue and profit forecasts for the current fiscal year 2021/2022 are further revised downwards in the context of the commercial performance to date, the expected lack of market recovery in the second half of the year and increase in financial charges

Lippstadt, November 29, 2021. HELLA, the global automotive supplier, today released some preliminary key figures for the second fiscal quarter and has adjusted the company’s outlook for the current fiscal year 2021/2022. According to preliminary figures, sales adjusted for currency and portfolio in the second fiscal quarter (September 1 to November 30, 2021) decreased by around 13% to around € 1.5 billion (previous year: € 1.8 billion) due to persistent bottlenecks for semiconductors and other components. Preliminary adjusted EBIT margin fell to around 4.0% in the second quarter (previous year: 12.1%) due to higher material and logistics costs and increased production inefficiencies due to the bottleneck situation. On the basis of the first half of the financial year (from June 1 to November 30, 2021), Group sales adjusted for currency and portfolio effects will thus decrease by around 3% to around 3.0 billion euros (year previous: 3.1 billion euros) on a preliminary basis. ; the adjusted EBIT margin will be approximately 5.0 percent (prior year: 8.7 percent).

“Despite our good order situation and good market positioning, bottlenecks in global supply and logistics chains are having a greater impact on the development of our sales and profits than expected at the start of the year. second trimester. Bottlenecks result in particular in additional cost charges. , which negatively affect the development of our margin. In addition, due to the significantly higher volume of customer projects acquired, our development costs have increased significantly compared to the previous year, ”said HELLA CEO Dr Rolf Breidenbach. “The difficult market environment has a particular impact on our Automotive segment. Nevertheless, this segment continued to develop significantly better than the global automotive market, posting a significant outperformance in the first half of the year. Our other two segments, Aftermarket and Special Applications, also showed good development and once again proved to be an additional anchor of stability. “

In view of the business performance to date, the expected lack of market recovery in the second half of the year and the increase in financial charges, HELLA has further lowered its revenue and profit forecast for the current year . For fiscal year 2021/2022 (June 1, 2021 to May 31, 2022), the company now expects currency-adjusted and portfolio-adjusted sales of approximately € 5.9 billion to € 6.2 billion. euros (previously adjusted: from approximately € 6.0 billion to € 6.5 billion). billion euros) and an EBIT margin adjusted for structural and portfolio effects of around 3.5% to 5.0% (previously adjusted: around 5.0% to 7.0%).

“The materials and components crisis is having a massive impact on the entire automotive industry. In our opinion, the lows that we are experiencing are not yet over. Especially in the run-up to our third fiscal quarter, we see major challenges with lower production volumes as well as increased financial charges, ”says HELLA CEO Dr Rolf Breidenbach. “In view of this difficult market situation, we will continue to intensify the dialogue with our suppliers and customers and to pursue our proven approach to cost management with all the necessary consistency. Our basic strategic parameters remain unchanged: HELLA is in a good financial, technological and strategic position to continue to significantly outperform the global automotive market. “

In light of the announcement of these preliminary key figures for the second fiscal quarter and the adjustment of the company’s outlook, an explanatory conference call for analysts and investors will be held in English on Monday, November 29, 2021 at 3:30 p.m. (CET) . The final figures for the first half of the year will be published as planned on January 13, 2022.

Please note: This text and the corresponding photographic material can also be found in our press database at: www.hella.com/presse

HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a publicly traded, global family business with more than 125 locations in some 35 countries. With currency and portfolio adjusted revenue of 6.5 billion euros for fiscal year 2020/2021 and more than 36,000 employees, HELLA is one of the world’s leading automotive suppliers. HELLA specializes in innovative lighting systems and automotive electronics and has been an important partner to the automotive industry and the aftermarket for over a century. In addition, in its Special Applications segment, HELLA develops, manufactures and markets lighting and electronic products for specialized vehicles.

For more information please contact:
Dr Markus Richter
company spokesperson
HELLA GmbH & Co. KGaA
Rixbecker Street 75
59552 Lippstadt
Germany
Telephone: +49 (0) 2941 38-7545
Fax: +49 (0) 2941 38-477545
[email protected]
www.hella.com

29.11.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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