EQS-News 109 0 Kommentare FORVIA HELLA starts fiscal year 2024 with slight sales growth - Seite 2

In the Electronics business group, sales fell by 3.4 percent to €813 million (previous year: €842 million). The radar business in Electronics in particular continued to develop positively overall. In contrast, however, customer mix effects in Asia and Europe, a slower ramp-up of electromobility in Europe at the beginning of the year and, in some cases, delayed series launches had a negative impact on the business group's sales performance.

In the Lifecycle Solutions business group, sales decreased slightly by 1.7 percent to €278 million (previous year: €283 million). The independent aftermarket business in Europe in particular developed positively, including in the countries United Kingdom, Poland and Turkey. However, the business group's sales development was impacted by an increasing reluctance to invest in the commercial vehicle sector and the exceptional economic situation in the previous year following the market launch of a new particle counter in the workshop business.

The full financial results for the first quarter of the fiscal year 2024 will be announced as planned on 25 April 2024.

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Language:	English
Company:	HELLA GmbH & Co. KGaA
	Rixbecker Str. 75
	59552 Lippstadt
	Germany
Phone:	+49 (0)2941 38-7125
Fax:	+49 (0)2941 38-6647
E-mail:	Investor.Relations@hella.com
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:	1882015