Mexican Media Brands
Hella’s Annual Sales, Earnings Climb
Lighting and electronics supplier Hella GmbH & Co. KGaA reports gains of 9% in currency-adjusted sales and 14% in net earnings for the fiscal year ended May 31.
#economics #electronics
Share
Lighting and electronics supplier Hella GmbH & Co. KGaA reports gains of 9% in currency-adjusted sales and 14% in net earnings for the fiscal year ended May 31.
Sales climbed to €7.1 billion ($8 billion), led by gains for its automotive operations in Europe (+13% to €2.5 billion), the Americas (+15% to €1.2 billion) and Asia Pacific and other markets (+14% to €1.2 billion)
Hella’s net earnings for the year grew to €390 million ($442 million). Adjusted earnings before interest and taxes rose 9% to €581 million ($658 million).
The family owned company, which is based in Lippstadt, Germany, predicts its sales and adjusted EBiT each will grow 5%-10% in the fiscal year that began on June 1.
RELATED CONTENT
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.