(In the report of July 25, the statements about the savings program are corrected in the second and third paragraph.)
Lippstadt (dpa -AfX) – The headlight manufacturer Hella (Hella GmbHco) continues to expect a decline in sales this year due to the difficult environment. “The first half of the year has so far been very solid for us.” However, we still see high uncertainties in the automotive environment and also do not count on a far -reaching market recovery in the medium term, “said CEO Bernard Schäferbarthold when presenting the half -year figures in Lippstadt.
In order to prepare the group for the transformation of the industry, the group had already launched an extensive savings program at the beginning of February 2024, with which the annual costs are to be reduced by more than 400 million euros by the end of 2028. Due to the ongoing industry crisis, Schäferbartthold is now adding another program.
“The focus is on simplifying corporate structures and processes in particular, reducing complexities and thus reducing costs.” As part of the new program, the annual costs are to be pressed by another around 80 million euros per year by 2028. For implementation, additional expenses of up to 100 million euros are incurred during this period.
In the first six months, sales decreased by 1.3 percent to just under EUR 4.0 billion, especially because of the strong euro compared to the first half of 2024 – the decline was 0.4 percent. The operational result fell by more than four percent to 237 million euros.
Accordingly, the margin fell by 0.2 percentage points to 6.0 percent. In the current year, Hella continues to expect a turnover of between 7.6 and 8.0 billion euros adjusted to currency effects; In the margin, Hella is still aiming 5.3 to 6.0 percent.
In 2024 Hella implemented just over eight billion euros and achieved an operational margin of 5.6 percent. Hella is a daughter of the French Group Forvia, who holds almost 82 percent. The Hella share is listed due to the stock market value of almost ten billion euros despite the comparatively low free float in the MDAX MDAX).
The figures and the reserved statements by the CEO burdened the Hella share course; The shares of the mother Forvia, on the other hand, were able to easily get up after a weak start at noon./ZB/NAS
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