FORVIA HELLA has released its financial results for the 2024 fiscal year, confirming previously announced data. Currency-adjusted sales increased by 1.3 percent to €8.1 billion, while reported sales remained at €8.0 billion.
This occurred against a backdrop of a 1.1 percent decline in global vehicle production, with a disproportionately large 4.3 percent drop in the European market.
Operating income decreased to €446 million, down from €486 million in the previous year, attributed to underutilisation in production due to lower-than-expected business volumes. The operating income margin fell to 5.6 percent from 6.1 percent. Net cash flow represented 2.4 percent of reported sales, a slight decrease from 2.6 percent.
Sales in the Lighting Business Group increased by 2.8 percent to €4.0 billion, primarily due to the full consolidation of Beijing Hella BHAP Automotive Lighting. However, sales in the Electronics Business Group fell slightly by 2.3 percent to €3.3 billion, impacted by series launch postponements and a slowdown in European electrification. The Lifecycle Solutions Business Group saw a 3.6 percent sales decrease to €1.0 billion, due to weaker demand in the commercial vehicle sector.
Order intake exceeded €10 billion, with approximately one-third originating from Asian and American markets. The company will propose a dividend of €0.95 per share at its Annual General Meeting.
For the 2025 fiscal year, FORVIA HELLA anticipates currency-adjusted sales between €7.6 billion and €8.0 billion, with an operating income margin of 5.3 to 6.0 percent. Net cash flow is forecast to be at least €200 million.
