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HELLA KGaA Hueck & Co.: Strong sales growth in the first half year

DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): Half Year Results
HELLA KGaA Hueck & Co.: Strong sales growth in the first half year

11.01.2016 / 08:00
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Strong sales growth in the first half year

- Group revenue increased significantly about 12 percent in the first six
months of the current fiscal year to 3.2 billion euros

- Operating Group earnings (adj. EBIT) adjusted for one-time effects
increase by about 13 percent to 256 million euros

- Revenue and income forecast confirmed for current fiscal year

Lippstadt, January 11, 2016. HELLA KGaA Hueck & Co. - a leading global auto
parts supplier for lighting and electronics - was able to maintain its
growth trajectory into the 2015/2016 fiscal year. Revenue in the first six
months of the current fiscal year grew by 11.8 percent over the same period
in the previous year to 3.159 billion euros (previous year: 2.826 billion
euros). Thereof, about 3.1 percent stems from positive foreign exchange
effects.

The key driver of growth in H1 lay in the automotive sector, with
successful launches of complex LED technology products and innovative
electronic components. Growth occurred across all regions: In Europe, HELLA
increased revenue by about eight percent. And with growth at 20 percent in
Asia and twelve percent in North and South America, HELLA was able to post
growth rates significantly higher than those demonstrated by relevant
international markets. The Aftermarket and Special Applications segments
also successfully increased revenue, thereby contributing to Group-wide
growth.

"We are continuing to outpace the market," says CEO Dr. Rolf Breidenbach.
"Our innovative lighting and electronics products are the reason. HELLA's
clear objective remains to continue the profitable expansion of volumes
across a broad range of products."

On the earnings side, HELLA's EBIT adjusted for one-time effects increased
from
227 million euros to 256 million euros during H1 of the current fiscal
year. This is an increase of 13 percent. The adjusted EBIT margin was 8.1
percent and thus slightly higher than the previous year (8.0 percent).

Taking into consideration the one-time effects, mainly resulting from the
extraordinary supplier default (about 47 million euros), Group-wide
operational earnings (EBIT) fell during the initial six month period by 18
million euros to 203 million euros (previous year: 221 million euros),