- Wednesday, October 16, 2024
Hella, the German automotive supplier operating under the Forvia umbrella brand, has reported a notable rise in operating profit for the first nine months of the year. This growth can be attributed to increased sales across all segments and the positive effects of its partnership with majority owner Forvia.
Operating Profit Surge
In the first nine months, Hella experienced a significant boost in operating profit, reaching 363 million euros ($389.1 million). This marks a substantial increase from EUR217 million during the same period last year. Additionally, Hella's operating profit margin also expanded from 4.1% to 6.1%.
Robust Sales Growth
Hella has confirmed its preliminary sales figure of EUR5.9 billion. The company's lighting, electronics, and lifecycle-solutions units witnessed particularly robust sales growth, driven by strong market demand.
Full-Year Outlook
Looking ahead, Hella anticipates full-year sales to fall in the range of EUR8.0 billion to EUR8.5 billion. The company aims to maintain an operating income margin between 5.5% and 7.0%. Additionally, Hella estimates its full-year net cash flow ratio to be around 2% of sales.
This positive financial performance underscores Hella's position as a leading player in the automotive industry, as it continues to deliver impressive results and capitalize on market opportunities.
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