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