HELLA GmbH & Co. KGaA / DE000A13SX22

HELLA GmbH & Co. KGaA: HELLA GmbH & Co. KGaA: Adjustment of the company outlook for the current fiscal year

EQS-Ad-hoc: HELLA GmbH & Co. KGaA / Key word(s): Change in Forecast
HELLA GmbH & Co. KGaA: HELLA GmbH & Co. KGaA: Adjustment of the company outlook for the current fiscal year

26-Sep-2024 / 17:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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HELLA GmbH & Co KGaA ("FORVIA HELLA") has adjusted the company outlook for the fiscal year 2024 after analyzing current data: For the current year, currency and portfolio-adjusted sales of between around 7.9 and 8.1 billion euros (previously: in the lower half of the range of around 8.1 and 8.6 billion euros), an operating income margin of between around 5.5 and 6.0 percent (previously: in the lower half of the range of around 6.0 to 7.0 percent) and a net cash flow in relation to reported sales of between around 2.2 and 2.7 percent (previously: at approximately 3 percent) are now expected. The reasons for the reduction in the company's outlook are, on the one hand, the weaker than expected development in light vehicle production and, on the other hand, customer-related postponements in series launches, a temporary slowdown in electrification as well as customer and product mix effects particularly in China. The management board has decided to expand business activities in the American and Asian markets on the one hand. On the other hand, cost structures are to be further improved overall and the competitiveness program for Europe launched in February of this year is to be accelerated. The Company expects positive effects from this as early as 2025.
 

End of Inside Information

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26-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	HELLA GmbH & Co. KGaA
	Rixbecker Str. 75
	59552 Lippstadt
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.hella.de/ir
ISIN:	DE000A13SX22, DE000A3E5DP8
WKN:	A13SX2, A3E5DP
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1996715

End of Announcement	EQS News Service

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1996715  26-Sep-2024 CET/CEST