Hella Half-Year Report 2022

Strong sales growth

Group Sales up by 25.7% (including 4.9% FX effect)

Continuous outperformance in Asia (mainly China) with high-volume ramp-ups

High demand for core products and technologies

• Electronics growing 31.2% to €1,508m*
• Lighting growing 27.3% to €1,808m*
• Life Cycle Solutions growing 5.8% to €494m*

Margin improvement

Adjusted EBIT growing 29.5% to €202m with a disproportional low development of costs

Adj. EBIT margin at 5.3%, further sequential improvement in Q2 by 0.4pp

• better inflation management with increased cost reimbursements from customers
• continuous cost management

Adj. FCF from operating activities increased by €195m to -€9m. Reported FCF from operating activities including the sales of receivables (€113m) at €77m