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Source: FORVIA announcement
LIPPSTADT, Germany — HELLA, the automotive supplier operating under the FORVIA umbrella brand, recently presented its full financial results for the fiscal year 2021/2022 ( June 1, 2021 to May 31, 2022), confirming the preliminary key figures published on July 20, 2022.
Thus, despite the significant reduction in worldwide light vehicle production, consolidated sales of the HELLA Group declined only slightly by 0.8 percent to € 6.3 billion in the reporting period (prior year: € 6.4 billion); adjusted for currency and portfolio effects, sales fell by 2.4 percent to € 6.2 billion.
The adjusted earnings before interest and taxes (adjusted EBIT) amounted to € 279 million in the past fiscal year (prior year: € 510 million). The adjusted EBIT margin stood at 4.4 percent (prior year: 8.0 percent).
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Reported EBIT fell to € 278 million (prior year: € 454 million). The reported EBIT margin therefore likewise stood at 4.4 percent (prior year: 7.1 percent).
HELLA’s profitability in the past fiscal year was primarily impacted by component shortages, price increases for energy and raw materials, and significant capital expenditure on research and development as a result of the high order backlog.
Based on these results, the Company management has decided, in accordance with the established dividend policy, to propose to the HELLA Annual General Meeting on 30 September 2022 the payment of a dividend of € 0.49 per share for the fiscal year 2021/2022.
“In the past fiscal year, we were confronted with a variety of challenges on the market side: from bottlenecks in the global supply chains, the effects of the coronavirus lockdowns in China and the war in Ukraine to further increases in energy and raw material prices”, said HELLA CEO Michel Favre. “In view of these adverse framework conditions, we are satisfied overall with our business development.
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“Firstly, we have once again clearly outperformed the general market development, and secondly, we have been able to book a record order intake on the basis of numerous large-volume customer projects. Both speak for the stability and future orientation of the HELLA business model.”
To view the entire announcement as well as extensive tables, click HERE.
