HELLA increases sales by more than 14 percent
Consolidated sales of HELLA increase significantly to around €2.0 billion
Successful business development is supported by all Business Groups
HELLA CEO Michel Favre: "Strong start to new fiscal year underlines excellent positioning along key strategic growth areas"
HELLA, the automotive supplier operating under the FORVIA umbrella brand, today announced data on its sales development in the first quarter of fiscal year 2023 (1 January to 31 March 2023). Accordingly, consolidated sales increased by 14.4 percent to around € 2.0 billion (Q1 CY 20221: € 1.7 billion).
Michel Favre, HELLA CEO: "We have made a strong start to the new fiscal year. We were thus able to carry over the growth momentum of the previous year into the fiscal year 2023, even though the Chinese market developed modestly, as expected. Overall, the successful start to the new year therefore once again underlines the excellent positioning we have along key strategic growth areas, such as electrification and energy management as well as safe and automated driving."
Successful development of all Business Groups
The Electronics Business Group increased sales by 10.9 percent to € 842 million (Q1 CY 2022: € 759 million). Among other things, radar sensors, high-voltage battery management systems and other core products were in high demand. Due to overall high production volumes, the Lighting Business Group's sales improved by 19.4 percent to € 955 million (Q1 CY 2022: € 799 million). In the Lifecycle Solutions Business Group, sales increased by 10.7 percent to € 283 million (Q1 CY 2022: € 255 million). Main contributors were a strong replacement parts and workshop business, as well as a positive development with customers from the agricultural and construction machinery sector.
The full financial results for the first quarter of the fiscal year 2023 will be announced as planned on 27 April 2023.