Hella Q3 Report 2023

Strong organic sales growth of +16.8%; all three Business Groups growing double-digit

Global market outperformance at 780bps

• good performance in Europe, NSA and Asia impacted by strong currency headwinds

High demand for core products and technologies

• Electronics at €2,294m, +12.5% organic growth
• Lighting at €2,825m, +21.2% organic growth
• LCS at €810m, +15.4% organic growth

Group reported sales growing +12.6%

Operating Income up 67.6%, Net Cash Flow improved

Operating Income up 67.6% to €363m, 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 €28m to €40m, NCF/Sales + 40bps to 0.7%

• improved profitability
• positive impacts from stringent capital allocation with lower CAPEX and higher factoring
• volatility from cash-inflows for inflation compensation and semiconductor inventories