EQS-News

Annual General Meeting 2024: Shareholders approve dividend of €0.71 per share

EQS-News: HELLA GmbH & Co. KGaA / Key word(s): AGM/EGM/Dividend Annual General Meeting 2024: Shareholders approve dividend of €0.71 per share 26.04.2024 / 21:20 CET/CEST The issuer is solely responsible for the content of this announcement. LIPPSTADT (GERMANY)

26 April 2024

 
Annual General Meeting 2024:
Shareholders approve dividend of €0.71 per share        

• Continuation of the established dividend policy: total dividend payout is €79 million and thus amounts to around 30 percent of the net result, as before
• CEO Bernard Schäferbarthold: "We are strategically well positioned. We have the right technologies, and our order intake is strong. As a company of the FORVIA Group, we have even more opportunities for the future."

The shareholders of HELLA GmbH & Co. KGaA (“FORVIA HELLA”) approved the dividend proposal at today's Annual General Meeting 2024 with a majority of 99.99 percent. All other items on the agenda were also approved by a large majority.

As part of the Company's established dividend policy, a dividend of €0.71 per share will therefore be paid out. With a total amount of €79 million, around 30 percent of the net result will be distributed to shareholders as before. In the fiscal year 2023 (1 January to 31 December 2023), FORVIA HELLA generated adjusted sales of €8.1 billion, an operating income margin of 6.1 percent and a net cash flow in relation to sales of 2.6 percent. The earnings for the period (net result) was €266 million.

"We achieved satisfactory results in 2023 in a volatile, challenging market environment and achieved all of our targets for the year," said Bernard Schäferbarthold, CEO of FORVIA HELLA, in his speech at the Annual General Meeting. "FORVIA HELLA is strategically well positioned for the future. We have the right technologies, we are globally positioned. Our order intake is strong, as a company of the FORVIA Group we have even more opportunities for the future. And we are already setting the course today for our success tomorrow."