Hella Half-Year Report 2023

Strong organic sales growth of +19.2%; all three Business Groups growing double-digit

Group reported sales growing +17.3%

Continuous market outperformance; outperforming globally by around 610bps; strong performance especially in Europe

High demand for core products and technologies

• Electronics growing 13.1% to €1,526m
• Lighting growing 23.9% to €1,921m
• LCS growing 11.1% to €546m

Double digit growth of Operating Income and strong improvement of Net Cash Flow

Operating Income up 76.2% to €245m, Operating Margin + 200bps to 6.1% positive leverage

• improved compensation of material and energy price increases with pass-through to customers

Net Cash Flow increased by €98m to €89m; ratio to sales at 2.2%

• improved profitability
• positive impacts from stringent capital allocation with lower CAPEX and higher factoring