HELLA GmbH & Co KGaA (OTCPK:HLKHF)
$ 92.65 0.4 (0.43%) Market Cap: 10.40 Bil Enterprise Value: 10.51 Bil PE Ratio: 30.24 PB Ratio: 3.23 GF Score: 76/100

Half Year 2024 Hella GmbH & Co KgaA Earnings Call Transcript

Jul 23, 2024 / 06:00AM GMT
Release Date Price: $96.71
Bernard Schaferbarthold
Hella GmbH & Co KgaA - Chief Executive Officer

Yes, good morning. This is Bernard Schaferbarthold speaking. Very warm welcome from Philippe and myself, warm welcome to our results call for the first half of our fiscal year 2024. And we have the following agenda today.

Firstly, I will talk about the achievements in the first half, then Philippe will take over to go through the financial results and then I will detail out the further progress of our competitiveness program, and we'll finish with the outlook and the key takeaways.

Coming to the achievements our sales in the first half were at EUR4.1 billion, this is a growth of 1.6%. Our reported sales were growing 0.9%. We had a negative FX effect, if we look at the different segments, lighting was growing at 3.3%, taking into account the full consolidation of our joint venture, HBBL in China. This had a positive effect of EUR114 million on our sales in China.

Electronics were slightly down 1% considering a negative FX effect without that FX effect, a slight decline of 0.3%. And overall and

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot